Shipper – Definition and Pronunciation
What is Shipper?
Shipper is any gas-market participant that holds a contract to transport gas on a pipeline or local distribution company.
Examples of Shipper
If a cargo tank has contained a chemical, which reacts dangerously with water, tank cleaning with water should only be undertaken in the manner specified by the shipper or by some safe means.
From “Knowledge and understanding of tanker safety culture and safety management”.
Market uncertainty caused by increasing supply competition, limited demand growth, and competition from pipeline supplies, are driving shippers and suppliers to attempt to sell cargos allocated to term contracts, or new cargos, on spot markets to cover the capital costs of LNG ships and infrastructure.
From “LNG and Domestic Gas Value Chains”.
Some shippers have also suffered due to technology changes that substantially improved the fuel efficiency and reduced the operating costs of more modern ships, making older ships less competitive. LNG carriers trended towards a 125 000 cubic meter standard in the 1980s.
From “Global gas market and history of LNG/LPG consumption”.
Pronunciation of Shipper
