Shipowner (Noun)
Meaning
Someone who owns a ship or a share in a ship.
Classification
Nouns denoting people.
Examples
- The shipowner invested heavily in the maritime industry to expand its fleet of cargo vessels.
- As the sole shipowner, she was liable for all accidents and damages caused by her vessel.
- He had been a shipowner for decades, but the economic downturn forced him to sell a significant portion of his fleet.
- Shipowners face a multitude of challenges, including fluctuating fuel prices and stringent environmental regulations.
- The shipping company's primary goal was to minimize costs and maximize profits for its shareholders, who were mostly shipowners.