Daewoo or the Daewoo Group was a major South Korean chaebol and car manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion. Prior to the Asian financial crisis, Daewoo was the second largest conglomerate in Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survive today as independent companies. There were about 20 divisions in the Daewoo Group. Daewoo Group had under its umbrella several major corporations: Daewoo Electronics, a strong force both internationally and in Korea Daewoo Electronic Components manufactures and sells a variety of electronic parts and components for automobile, televisions and other multimedia products. Daewoo Motors, the motor vehicles division Daewoo Motor Sales, an auto sales company sold Daewoo but GM cars and others in Korea Daewoo Bus, is a manufacturer of buses. Headquartered in Busan, South Korea, established in 2002; these buses are used for public transportation Daewoo Precision Industries produced small calibre firearms and auto parts.
It was spun off in February 2002 and relisted on the Korean stock-market in March 2002. It was renamed S&T Daewoo Co. Ltd in September 2006, S&T Motiv Co. LTD in March 2012. Daewoo Textile Co. Ltd. Daewoo Heavy Industries, which created heavy duty machinery Daewoo Shipbuilding & Marine Engineering produced container ships, oil tankers and planes, it spun off in 2000 and became an independent company, DSME, re-listing on the Korean stockmarket in 2001 Daewoo Securities, a financial securities company Daewoo Telecom Ltd. which concentrated on the telecommunications Daewoo Corporation, which built highways and skyscrapers in the Middle East and Africa Daewoo International, a trading organization Daewoo Development Co. Ltd. managing Daewoo hotels around the world and had the Millennium Seoul Hilton franchise in South Korea IAE: research and development integrated centerA further subsidiary was the Daewoo Development Company, funded by cash from the Group and set up to develop hotels. Seven were built in Korea, China and Africa.
They were designed and furnished by Kim Woo-jung's socialite wife Heeja, chairwoman of the company. The most lavish is the 5-star Hanoi Daewoo Hotel, which cost US$163 million to build in 1996 and was decorated by Heeja with fine art, porcelain and marble, she invited 3,000 guests including Russian President Vladimir Putin. Kim is believed to have spent time there while "on the run". Daewoo Motor Co. Ltd. was founded when the Daewoo Group purchased Saehan Motor in 1978, but the Daewoo Motor name did not appear until 1983. The Daewoo Motor brand appeared in the UK in 1995. At the time, it was the only manufacturer not using traditional dealerships – it owned and operated its own retail network, it was once considered to be among the top 10 motor companies in terms of production. Due to financial trouble, Daewoo's automotive arm, Daewoo Motor, was sold to General Motors in 2001; the Daewoo nameplate continued in South Korea and Vietnam until 2011. The former Daewoo facilities are now producing General Motors vehicles for Asian markets.
Daewoo Commercial Vehicles Division was sold to Tata Motors. The Daewoo Group was founded by Kim Woo-jung in March 1967, he was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee government, the new government of Park Chung Hee intervened to promote growth and development in the country, it increased access to resources, promoted exports, financed industrialization, provided protection from competition to the chaebol in exchange for a company's political support. In the beginning, the Korean government instigated a series of five-year plans under which the chaebol were required to achieve a number of basic objectives. Daewoo did not become a major player until the second five-year plan. Daewoo benefited from government-sponsored cheap loans based on potential export profits; the company concentrated on labor-intensive clothing and textile industries that provided high profit margins because of South Korea's large and inexpensive workforce.
The third and fourth of the five-year plans occurred from 1973 to 1981. During this period, the country's labor force was in high demand. Competition from other countries began eroding Korea's competitive edge; the government responded to this change by concentrating its efforts on mechanical and electrical engineering, petrochemicals and military initiatives. At the end of this period, the government forced Daewoo into shipbuilding. Kim was reluctant to enter this industry, but Daewoo soon earned a reputation for producing competitively priced ships and oil rigs. During the next decade, the Korean government became more liberal in its economic policies. Small private companies were encouraged, protectionist import restrictions were loosened, the government reduced positive discrimination, to encourage free market trade and to force the chaebol to be more aggres
First Siege of Gibraltar
The First Siege of Gibraltar was a battle of the Spanish Reconquista that took place in 1309. The battle pitted the forces of the Kingdom of Castile under the command of Juan Núñez II de Lara and Alonso Pérez de Guzmán, against the forces of the Emirate of Granada who were under the command of Sultan Muhammed III and his brother, Abu'l-Juyush Nasr; the battle resulted in a victory for the Kingdom of Castile, one of the few victories in what turned out to be a disastrous campaign. The taking of Gibraltar increased the relative power of Castile on the Iberian Peninsula though the actual city was recaptured by Muslim forces during the Third Siege of Gibraltar in 1333. On 19 December 1308, at Alcalá de Henares, King Ferdinand IV of Castile and the ambassadors from the Crown of Aragon, Bernat de Sarrià and Gonzalo García agreed to the terms of the Treaty of Alcalá de Henares. Ferdinand IV, supported by his brother, Pedro de Castilla y Molina, the archbishop of Toledo, the bishop of Zamora, Diego López V de Haro agreed to wage war against the Emirate of Granada by 24 June 1309, when a previous peace treaty between Granada and Castile was set to expire.
It was further agreed that the Aragonese monarch, James II, could not sign a separate peace accord with the Emir of Granada. A combined Aragonese-Castilian navy was formed to support the siege in a blockade of the coastal Granadian towns, it was stipulated that the Kingdom of Castile would attack the towns of Algeciras and Gibraltar and that the Aragonese forces would attempt to conquer the city of Almería. Ferdinand IV promised to cede one sixth of the conquered Granadan territory to the Aragonese crown and therefore chose the entirety of the Kingdom of Almeria as its limits for the agreement with the exception of the towns of Bedmar, Quesada and Locubin which would stay as part of Castile, having all been part of the Kingdom of Castile and León prior to their Muslim takeovers. Ferdinand IV further stipulated that if the lands taken from the Kingdom of Almería did not amount to one sixth of Granadan territory, that the Archbishop of Toledo would step in to resolve any differences related to the matter.
These concessions to the Crown of Aragon led a few of Ferdinand IV's vassals to protest the ratification of the treaty, amongst them were John of Castile and Juan Manuel, Prince of Villena. The concessions to Aragon, which had begun a period of relative irrelevancy compared to Castile, would once again restore the kingdom's power within the Iberian Peninsula. Aragon had reached its height under the Treaty of Cazola and the Treaty of Almizra which saw its territory and influence expand considerably. Ferdinand insisted on the Aragonese alliance to cement an alliance between Aragon and the King of Morocco so that they would not intervene in the coming war with Granada. After the signing of the treaty at Alcalá de Henares and Aragon both sent emissaries to the court at Avignon to gain the support of Pope Clement V and to obtain the clerical backing of an official Crusade to further support military operations, they asked for the papal blessing of a marriage between the Infanta Eleanor of Castile, the firstborn daughter of Ferdinand IV and Jaime de Aragón y Anjou and heir of James II of Aragon.
The Pope agreed to both ventures and on 24 April 1309, Clement V issued the papal bull Indesinentis cure which authorised a general crusade against Granada to conquer the Iberian Peninsula together with mandates to conquer Corsica and Sardinia. At the Courts of Madrid of 1309, the first courts to occur in the actual Spanish capital, Ferdinand IV publicly announced his desire to wage war against the Emirate of Granada and demanded subsidies to begin battle manoeuvres; the main vassals contributing to operations against Gibraltar were Juan Núñez II de Lara, Alonso Pérez de Guzmán, Fernando Gutiérrez Tello, the Archbishop of Seville and Garci López de Padilla, the grand master of the Order of Calatrava. The majority of this army consisted of the militia councils of Seville and the noblemen of that city. On 29 April 1309, Pope Clement V issued the papal bull Prioribus decanis which conceded to Ferdinand IV one 10th of all clergy taxes collected in his kingdoms for three years to aid in financing the campaign against Granada.
From Toledo, Ferdinand IV and his army marched to Córdoba where the emissaries of James II announced that the Aragonese king was prepared to besiege the city of Almeria. Final preparations for the siege were carried out in Seville, where Ferdinand IV arrived in July 1309; the supply line for the invasion army passed through Seville and crossed the Guadalquivir River and travelled by sea to the territories of the Kingdom of Granada. After the start of the siege of Algeciras, Ferdinand IV sent part of his army from the military councils of Seville to complete their remaining objective of capturing Gibraltar, whilst keeping the larger portion of his forces encamped around Algeciras; the force sent to besiege and capture Gibraltar was put under the command of Juan Núñez II de Lara, Alonso Pérez de Guzmán, Fernando Gutiérrez Tello, the Archbishop of Seville and the council of nobles associated with that city. The group was further bolstered by Garci López de Padilla, the contemporary grand master of the Order of Calatrava and a contingent of his knights.
The forces from the Crown of Aragon, under the command of James II had begun their own war against the Kingdom of Granada and were in place besieging the city of Almería by 15 August 1309. That ill-fated venture lasted until 26 January 1310 when the forces of Aragon were obliged to withdraw from the campaign due to stalemate; the chronicles of Ferdinand IV mention that the Castilian forces surrounded the city of Gib
An oil tanker known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: product tankers. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. For example, moving crude oil from oil wells in Nigeria to the refineries on the coast of the United States. Product tankers much smaller, are designed to move refined products from refineries to points near consuming markets. For example, moving gasoline from refineries in Europe to consumer markets in Nigeria and other West African nations. Oil tankers are classified by their size as well as their occupation; the size classes range from inland or coastal tankers of a few thousand metric tons of deadweight to the mammoth ultra large crude carriers of 550,000 DWT. Tankers move 2,000,000,000 metric tons of oil every year. Second only to pipelines in terms of efficiency, the average cost of oil transport by tanker amounts to only two or three United States cents per 1 US gallon.
Some specialized types of oil tankers have evolved. One of these is a tanker which can fuel a moving vessel. Combination ore-bulk-oil carriers and permanently moored floating storage units are two other variations on the standard oil tanker design. Oil tankers have been involved in a number of high-profile oil spills; as a result, they are subject to operational regulations. The technology of oil transportation has evolved alongside the oil industry. Although human use of oil reaches to prehistory, the first modern commercial exploitation dates back to James Young's manufacture of paraffin in 1850. In the early 1850s, oil began to be exported from Upper Burma a British colony; the oil was moved in earthenware vessels to the river bank where it was poured into boat holds for transportation to Britain. In the 1860s, Pennsylvania oil fields became a major supplier of oil, a center of innovation after Edwin Drake had struck oil near Titusville, Pennsylvania. Break-bulk boats and barges were used to transport Pennsylvania oil in 40-US-gallon wooden barrels.
But transport by barrel had several problems. The first problem was weight: they weighed 64 pounds, representing 20% of the total weight of a full barrel. Other problems with barrels were their expense, their tendency to leak, the fact that they were used only once; the expense was significant: for example, in the early years of the Russian oil industry, barrels accounted for half the cost of petroleum production. In 1863, two sail-driven tankers were built on England's River Tyne; these were followed in 1873 by the first oil-tank steamer, built by Palmers Shipbuilding and Iron Company for Belgian owners. The vessel's use was curtailed by U. S. and Belgian authorities citing safety concerns. By 1871, the Pennsylvania oil fields were making limited use of oil tank barges and cylindrical railroad tank-cars similar to those in use today; the modern oil tanker was developed in the period from 1877 to 1885. In 1876, Ludvig and Robert Nobel, brothers of Alfred Nobel, founded Branobel in Azerbaijan, it was, during the late 19th century, one of the largest oil companies in the world.
Ludvig was a pioneer in the development of early oil tankers. He first experimented with carrying oil in bulk on single-hulled barges. Turning his attention to self-propelled tankships, he faced a number of challenges. A primary concern was to keep the cargo and fumes well away from the engine room to avoid fires. Other challenges included allowing for the cargo to expand and contract due to temperature changes, providing a method to ventilate the tanks; the first successful oil tanker was Zoroaster, which carried its 242 long tons of kerosene cargo in two iron tanks joined by pipes. One tank was forward of the midships engine room and the other was aft; the ship featured a set of 21 vertical watertight compartments for extra buoyancy. The ship had a length overall of 184 feet, a beam of 27 feet, a draft of 9 feet. Unlike Nobel tankers, the Zoroaster design was built small enough to sail from Sweden to the Caspian by way of the Baltic Sea, Lake Ladoga, Lake Onega, the Rybinsk and Mariinsk Canals and the Volga River.
In 1883, oil tanker design took a large step forward. Working for the Nobel company, British engineer Colonel Henry F. Swan designed a set of three Nobel tankers. Instead of one or two large holds, Swan's design used several holds which spanned the width, or beam, of the ship; these holds were further subdivided into starboard sections by a longitudinal bulkhead. Earlier designs suffered from stability problems caused by the free surface effect, where oil sloshing from side to side could cause a ship to capsize, but this approach of dividing the ship's storage space into smaller tanks eliminated free-surface problems. This approach universal today, was first used by Swan in the Nobel tankers Blesk and Lux. Others point to another design of Colonel Swan, as being the first modern oil tanker, it adopted the best practices from previous oil tanker designs to create the prototype for all subsequent vessels of the type. It was the first dedicated steam-driven ocean-going tanker in the world and was the first ship in which oil could be pumped directly into the vessel hull instead of being loaded in barrels or drums.
It was the first tanker with a horizontal bulkhead. The ship w
Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula. It is bordered to the north by Spain; the landscape is dominated by the Rock of Gibraltar at the foot of, a densely populated town area, home to over 30,000 people Gibraltarians. In 1704, Anglo-Dutch forces captured Gibraltar from Spain during the War of the Spanish Succession on behalf of the Habsburg claim to the Spanish throne; the territory was ceded to Great Britain in perpetuity under the Treaty of Utrecht in 1713. During World War II it was an important base for the Royal Navy as it controlled the entrance and exit to the Mediterranean Sea, the Strait of Gibraltar, only 8 miles wide at this naval choke point, it remains strategically important. Today Gibraltar's economy is based on tourism, online gambling, financial services and cargo ship refuelling; the sovereignty of Gibraltar is a point of contention in Anglo-Spanish relations because Spain asserts a claim to the territory. Gibraltarians rejected proposals for Spanish sovereignty in a 1967 referendum and, in a 2002 referendum, the idea of shared sovereignty was rejected.
Evidence of Neanderthal habitation in Gibraltar from around 50,000 years ago has been discovered at Gorham's Cave. The caves of Gibraltar continued to be used by Homo sapiens after the final extinction of the Neanderthals. Stone tools, ancient hearths and animal bones dating from around 40,000 years ago to about 5,000 years ago have been found in deposits left in Gorham's Cave. Numerous potsherds dating from the Neolithic period have been found in Gibraltar's caves of types typical of the Almerian culture found elsewhere in Andalusia around the town of Almería, from which it takes its name. There is little evidence of habitation in the Bronze Age, when people had stopped living in caves. During ancient times, Gibraltar was regarded by the peoples of the Mediterranean as a place of religious and symbolic importance; the Phoenicians were present for several centuries since around 950 BC using Gorham's Cave as a shrine to the genius loci, as did the Carthaginians and Romans after them. Gibraltar was known as Mons Calpe, a name of Phoenician origin.
Mons Calpe was considered by the ancient Greeks and Romans as one of the Pillars of Hercules, after the Greek legend of the creation of the Strait of Gibraltar by Heracles. There is no known archaeological evidence of permanent settlements from the ancient period, they settled at the head of the bay in. The town of Carteia, near the location of the modern Spanish town of San Roque, was founded by the Phoenicians around 950 BC on the site of an early settlement of the native Turdetani people. After the collapse of the Western Roman Empire, Gibraltar came under the control of the Vandals, who crossed into Africa at the invitation of Boniface, the Count of the territory; the area formed part of the Visigothic Kingdom of Hispania for 300 years, from 414 until 711 AD. Following a raid in 710, a predominantly Berber army under the command of Tariq ibn Ziyad crossed from North Africa in April 711 and landed somewhere in the vicinity of Gibraltar. Tariq's expedition led to the Islamic conquest of most of the Iberian peninsula.
Mons Calpe was renamed the Mount of Tariq, subsequently corrupted into Gibraltar. In 1160 the Almohad Sultan Abd al-Mu'min ordered that a permanent settlement, including a castle, be built, it received the name of Medinat al-Fath. The Tower of Homage of the Moorish Castle remains standing today. From 1274 onwards, the town was fought over and captured by the Nasrids of Granada, the Marinids of Morocco and the kings of Castile. In 1462 Gibraltar was captured by 1st Duke of Medina Sidonia. After the conquest, Henry IV of Castile assumed the additional title of King of Gibraltar, establishing it as part of the comarca of the Campo Llano de Gibraltar. Six years Gibraltar was restored to the Duke of Medina Sidonia, who sold it in 1474 to a group of 4350 conversos from Cordova and Seville and in exchange for maintaining the garrison of the town for two years, after which time they were expelled, returning to their home towns or moving on to other parts of Spain. In 1501 Gibraltar passed back to the Spanish Crown, Isabella I of Castile issued a Royal Warrant granting Gibraltar the coat of arms that it still uses.
In 1704, during the War of the Spanish Succession, a combined Anglo-Dutch fleet, representing the Grand Alliance, captured the town of Gibraltar on behalf of the Archduke Charles of Austria in his campaign to become King of Spain. Subsequently most of the population left the town with many settling nearby; as the Alliance's campaign faltered, the 1713 Treaty of Utrecht was negotiated, which ceded control of Gibraltar to Britain to secure Britain's withdrawal from the war. Unsuccessful attempts by Spanish monarchs to regain Gibraltar were made with the siege of 1727 and again with the Great Siege of Gibraltar, during the American War of Independence. Gibraltar became a key base for the Royal Navy and played an important role prior to the Battle of Trafalgar and during the Crimean War of 1854–56, because of its strategic location. In the 18th century, the peacetime military garrison fluctuated in numbers from a minimum of 1,100 to a maximum of 5,000; the first half of the 19th century saw a significant increase of population to more t
Panama the Republic of Panama, is a country in Central America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people. Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century, it broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914; the 1977 Torrijos–Carter Treaties led to the transfer of the Canal from the United States to Panama on December 31, 1999. Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce and tourism are major and growing sectors.
It is regarded as a high-income country. In 2015 Panama ranked 60th in the world in terms of the Human Development Index. In 2018, Panama was ranked seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on the planet. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO and NAM; the definite origin of the name Panama is unknown. There are several theories. One postulates that the country was named after a found species of tree. Another that the first settlers arrived in Panama in August, when butterflies abound, that the name means "many butterflies" in one or several of indigenous Amerindian languages that were spoken in the territory prior to Spanish colonization. Most scientifically corroborated theory, that by Panamanian linguists, states that the word is a hispanicization of Kuna language word "bannaba" which means "distant" or "far away".
A relayed legend in Panama is that there was a fishing village that bore the name "Panamá", which purportedly meant "an abundance of fish", when the Spanish colonizers first landed in the area. The exact location of the village is unspecified; the legend is corroborated by Captain Antonio Tello de Guzmán's diary entries, who reports landing at an unnamed village while exploring the Pacific coast of Panama in 1515. In 1517, Don Gaspar de Espinosa, a Spanish lieutenant, decided to settle a post in the same location Guzmán described. In 1519, Pedrarias Dávila decided to establish the Spanish Empire's Pacific port at the site; the new settlement replaced Santa María La Antigua del Darién, which had lost its function within the Crown's global plan after the Spanish exploitation of the riches in the Pacific began. The official definition and origin of the name as promoted by Panama's Ministry of Education is the "abundance of fish and butterflies"; this is the usual description given in social studies textbooks.
At the time of the arrival of the Spanish in the 16th century, the known inhabitants of Panama included the Cuevas and the Coclé tribes. These people have nearly disappeared; the Isthmus of Panama was formed about three million years ago when the land bridge between North and South America became complete, plants and animals crossed it in both directions. The existence of the isthmus affected the dispersal of people and technology throughout the American continent from the appearance of the first hunters and collectors to the era of villages and cities; the earliest discovered artifacts of indigenous peoples in Panama include Paleo-Indian projectile points. Central Panama was home to some of the first pottery-making in the Americas, for example the cultures at Monagrillo, which date back to 2500–1700 BC; these evolved into significant populations best known through their spectacular burials at the Monagrillo archaeological site, their beautiful Gran Coclé style polychrome pottery. The monumental monolithic sculptures at the Barriles site are important traces of these ancient isthmian cultures.
Before Europeans arrived Panama was settled by Chibchan and Cueva peoples. The largest group were the Cueva; the size of the indigenous population of the isthmus at the time of European colonization is uncertain. Estimates range as high as two million people, but more recent studies place that number closer to 200,000. Archaeological finds and testimonials by early European explorers describe diverse native isthmian groups exhibiting cultural variety and suggesting people developed by regular regional routes of commerce; when Panama was colonized, the indigenous peoples fled into nearby islands. Scholars believe that infectious disease was the primary cause of the population decline of American natives; the indigenous peoples had no acquired immunity to diseases, chronic in Eurasian populations for centuries. Rodrigo de Bastidas sailed westward from Venezuela in 1501 in search of gold, became the first European to explore the isthmus of Panama. A year Christopher Columbus visited the isthmus, established a short-lived settlement in the Darien.
Vasco Núñez de Balboa's tortuous
A cargo ship or freighter ship is a merchant ship that carries cargo and materials from one port to another. Thousands of cargo carriers ply the world's seas and oceans each year, handling the bulk of international trade. Cargo ships are specially designed for the task being equipped with cranes and other mechanisms to load and unload, come in all sizes. Today, they are always built by welded steel, with some exceptions have a life expectancy of 25 to 30 years before being scrapped. Cargo ships/freighters can be divided into six groups, according to the type of cargo they carry; these groups are: General cargo vessels Container ships Tankers Dry bulk carriers Multi-purpose vessels Reefer shipsGeneral cargo vessels carry packaged items like chemicals, furniture, motor- and military vehicles, garments, etc. Tankers carry other liquid cargo. Dry bulk carriers carry coal, grain and other similar products in loose form. Multi-purpose vessels, as the name suggests, carry different classes of cargo – e.g. liquid and general cargo – at the same time.
A Reefer ship is designed and used for shipping perishable commodities which require temperature-controlled fruits, fish, dairy products and other foodstuffs. Specialized types of cargo vessels include container ships and bulk carriers. Cargo ships fall into two further categories that reflect the services they offer to industry: liner and tramp services; those on a fixed published schedule and fixed tariff rates are cargo liners. Tramp ships do not have fixed schedules. Users charter them to haul loads; the smaller shipping companies and private individuals operate tramp ships. Cargo liners run on fixed schedules published by the shipping companies; each trip a liner takes is called a voyage. Liners carry general cargo. However, some cargo liners may carry passengers also. A cargo liner that carries 12 or more passengers is called a combination or passenger-run-cargo line; the earliest records of waterborne activity mention the carriage of items for trade. The desire to operate trade routes over longer distances, throughout more seasons of the year, motivated improvements in ship design during the Middle Ages.
Before the middle of the 19th century, the incidence of piracy resulted in most cargo ships being armed, sometimes quite as in the case of the Manila galleons and East Indiamen. They were sometimes escorted by warships. Piracy is still quite common in some waters in the Malacca Straits, a narrow channel between Indonesia and Singapore / Malaysia, cargo ships are still targeted. In 2004, the governments of those three nations agreed to provide better protection for the ships passing through the Straits; the waters off Somalia and Nigeria are prone to piracy, while smaller vessels are in danger along parts of the South American, Southeast Asian coasts and near the Caribbean Sea. The words cargo and freight have become interchangeable in casual usage. Technically, "cargo" refers to the goods carried aboard the ship for hire, while "freight" refers to the compensation the ship or charterer receives for carrying the cargo; the modern ocean shipping business is divided into two classes: Liner business: container vessels, operating as "common carriers", calling a published schedule of ports.
A common carrier refers to a regulated service where any member of the public may book cargo for shipment, according to long-established and internationally agreed rules. Tramp-tanker business: this is private business arranged between the shipper and receiver and facilitated by the vessel owners or operators, who offer their vessels for hire to carry bulk or break bulk to any suitable port in the world, according to a drawn contract, called a charter party. Larger cargo ships are operated by shipping lines: companies that specialize in the handling of cargo in general. Smaller vessels, such as coasters, are owned by their operators. A category designation appears before the vessel's name. A few examples of prefixes for naval ships are "USS", "HMS", "HMCS" and "HTMS", while a few examples for prefixes for merchant ships are "RMS", "MV", "MT" "FV" Fishing Vessel and "SS". "TS", sometimes found in first position before a merchant ship's prefix, denotes that it is a Turbine Steamer. Famous cargo ships include the Liberty ships of World War II based on a British design.
Liberty ship sections were prefabricated in locations across the United States and assembled by shipbuilders in an average of six weeks, with the record being just over four days. These ships allowed the Allies to replace sunken cargo vessels at a rate gr
MV Fedra was a Liberian-registered bulk-carrier cargo ship. It ran aground and smashed against Europa Point, the southernmost tip of Gibraltar on 10 October 2008 following severe gale force winds measuring 12 on the Beaufort scale. Spanish and Gibraltarian emergency services mounted a joint rescue operation, Gibraltar declared a Major Incident and requested the standby of additional statutory and voluntary emergency services, although due to the safe rescue of all crew from Fedra they were not needed. Five of its 31 crew members were airlifted to safety by a Spanish coast guard helicopter and the rest were hoisted up by an improvised crane system; the vessel broke in half shortly thereafter. About half of its 300 tons of fuel spilled into the sea; some of such oil washed ashore along Gibraltar's western coast in the area of Rosia Bay and Camp Bay. Spanish sources said that some fuel from Fedra had washed up on some Campo beaches having drifted as far as Tarifa. There were oil slicks in the Bay of Gibraltar.
Fedra avoided becoming a permanent shipwreck when the forward section was re-floated and towed round into the Bay of Gibraltar in February 2009. It was moored alongside the South Mole in Gibraltar Harbour; the superstructure was cut away from the hull of the aft section, was placed the dockside at HM Naval Base. A report was released by the Gibraltar Maritime Association in January 2012 which reveals how the Company undermined the Master of Fedra and his authority in his attempts to save both the crew and the ship; the report explains the various aspects which led to the demise of MV Fedra. MV New Flame Searle, Dominique. "Cargo ship hits Gibraltar rocks in heavy seas". Reuters. Retrieved 11 October 2008. "Bulk Carrier FEDRA runs aground in severe weather". Gibfocus. Archived from the original on 15 October 2008. Retrieved 11 October 2008. "El vertido de fuel se extiende por el Estrecho y llega hasta Ceuta". El País. Retrieved 15 October 2008