Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • v. Present participle of drydock.

Etymologies

Sorry, no etymologies found.

Examples

  • Out of pocket cash for CapEx and drydocking is expected to approximate $80 million.

  • As for capital and drydocking spending, we expect to spend approximately 55 -- I'm sorry, we spent approximately $55 million in 2011, which was at the low end of our initial guidance of $55 million to $65 million provided at the beginning of last year.

  • The increase in CapEx in drydocking reflects the deferral of certain items from 2011 to 2012 and also reflects a greater number of special surveys planned for 2012.

  • By year end, we have resolved the delays and these vessels had completed their drydocking.

  • During the second quarter of 2011 we continued our drydocking program and drydocked five vessels including two vessels which entered into drydock during the first quarter of 2011, for a total of 83 days.

  • During the six months ended June 30, 2011, the Company incurred 104 off hire days for vessel scheduled drydocking.

  • The shipping industry uses fleet utilization excluding drydocking off hire days to measure a Company's efficiency in finding suitable employment for its vessels and excluding the amount of days that its vessels are off hire for reasons such as scheduled repairs, vessel upgrades, or dry dockings or special or intermediate surveys.

  • In terms of maintenance capital expenditure, we expect to incur approximately $2.1 million in drydocking costs for the remainder of 2011.

  • During the quarter ended June 30, 2011, the Company incurred 28 off hire days for vessel scheduled drydocking.

  • Therefore, NAT has a claim against the charterer for drydocking and other costs that the charterer is obligated to cover under the bareboat charter.

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