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Controls and taxes. Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt opposing a conservative coalition in Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war: top marginal tax rates ranged from 81% to 94% for the duration of the war, and the income level subject to the highest rate was ...
Flag of convenience ( FOC) is a business practice whereby a ship's owners register a merchant ship in a ship register of a country other than that of the ship's owners, and the ship flies the civil ensign of that country, called the flag state. [1] The term is often used pejoratively, and although common, the practice is sometimes regarded as ...
Short-sea shipping includes the movements of wet and dry bulk cargoes, containers and passengers around the coast (say from Lisbon to Rotterdam or from New Orleans to Philadelphia). Typical ship sizes range from 1,000 DWT (tonnes deadweight – i.e., the amount of cargo they carry) to 15,000 DWT with drafts ranging from around 3 to 6 m (10 to ...
Removing steel plates from a ship using cranes [1] at Alang Ship Breaking Yard in India. Ship breaking (also known as ship recycling, ship demolition, ship scrapping, ship dismantling, or ship cracking) is a type of ship disposal involving the breaking up of ships either as a source of parts, which can be sold for re-use, or for the extraction ...
In March 2021, the Suez Canal was blocked for six days by the Ever Given, a container ship that had run aground in the canal. The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed.
Modes of shipment Global freight volumes according to mode of transport in trillions of tonne-kilometres in 2010. In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air.
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