Economy
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According to the American Association of Port Authorities (AAPA), the port of Antwerp was the seventeenth largest (by tonnage) port in the world in 2005 and second only to Rotterdam in Europe. Importantly it handles high volumes of economically attractive general and project cargo, as well as bulk cargo. Antwerp's docklands, with five oil refineries, are home to a massive concentration of petrochemical industries, second only to the petrochemical cluster in Houston, Texas. Electricity generation is also an important activity, with four nuclear power plants at Doel, a conventional power station in Kallo, as well as several smaller combined cycle plants. There are plans for a wind farm in a disused area of the docklands.
The old Belgian bluestone quays bordering the Scheldt for a distance of 3.5 miles (5.6 km) to the north and south of the city centre have been retained for their sentimental value and are used mainly by cruise ships and short-sea shipping.
Antwerp's other great mainstay is the diamond trade that takes place largely within the diamond district. The city has four diamond bourses: one for bort and three for gem quality goods. Since World War II families of the large Hasidic Jewish community have dominated Antwerp's diamond trading industry, although the last two decades have seen Indian traders become increasingly important. Antwerp World Diamond Centre, the successor to the Hoge Raad voor Diamant, plays an important role in setting standards, regulating professional ethics, training and promoting the interests of Antwerp as a centre of the diamond industry.
VLM Airlines has its head office on the grounds of Antwerp International Airport in Deurne, Antwerp; the office is also CityJet's Antwerp office. When VG Airlines (Delsey Airlines) existed, its head office was in Merksem, Antwerp.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)