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All main topics / Naval Architecture / Marine Transport and Economics / 50 Essential Shipping Terms

Lay-up

This describes a ship that has been taken out of service because freight rates are too low to cover its operating and maintenance costs. Not a well-defined condition, it often just means that the ship has not moved for, say, 3 months

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Source: Maritime Economics, 3rd edition

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Flashcard info:

Author: andersson.j

Main topic: Naval Architecture

Topic: Marine Transport and Economics

School / Univ.: Chalmers

City: Gothenburg

Published: 15.10.2009

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