offshore

Study(20)

/ɒfˈʃɔː(ɹ)/

adj 3noun 3adv 2verb 1

Collocations

ADJ.

behind, far, financial, largest, popular, significant

The largest offshore wind farm in the world opened last year.

VERB + OFFSHORE

drilling, feeding, fly, owned, rocks, sits, sitting, ties

The oil company decided to move its drilling operations offshore to avoid stricter environmental regulations.

OFFSHORE + NOUN

company, elephant, geneva, investment, lake, lone, production, rig

The wealthy businessman set up an offshore company to manage his international investments.

PREP.

from, in, into, into, off, on, on

The company moved its operations offshore to reduce tax expenses.

Definitions

adj

Moving away from the shore.

Located in the sea away from the coast.

an offshore oil rig

Since 1949, Taiwan has remained under Nationalist (Kuomintang) control along with the off-shore islands of Chin-men (Kinmen) and Ma-tsu (Lien-chiang County) in Fujian Province. Chin-men and Lien-chiang County are to end their period of direct military rule and to elect their first country magistrates in 1993.

Located in another country, especially one having beneficial tax laws or labor costs.

American companies use offshore services for one reason, said Herbert F. Schantz, a consultant in Sterling, Va.: cheap labor.

With pressure building in Europe and the United States for a systemwide crackdown on offshore tax havens the Caymans prefer to call themselves a tax-neutral portal Britain appears determined to make an example of a place that has become a symbol of secrecy and intrigue.

adv

Away from the shore.

At some distance from the shore.

verb

To move industrial production from one region to another or from one country to another, in order to seek lower business costs, such as labor.

The McKinsey Global Institute says that 750,000 American service jobs have been “offshored” out of total U.S. jobs of about 140 million.

India has become the leading destination for offshored services.

Thesaurus

Synonyms

adjective — (of winds) coming from the land

seaward

Antonyms

Idioms & Phrases

Example Bank

an offshore oil rig

Wiktionary

The judges said that the right to a clean environment did not bar the government from drilling for offshore oil, and that Norway did not legally carry the responsibility for emissions stemming from oi

Wiktionary

The McKinsey Global Institute says that 750,000 American service jobs have been “offshored” out of total U.S. jobs of about 140 million.

Wiktionary

India has become the leading destination for offshored services.

Wiktionary

Corporations offshore their production, because they can more cheaply produce abroad what they sell to Americans. When corporations bring their offshored production to the U.S. to sell, the goods coun

Wiktionary

Usage Notes

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