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The big news for ocean shipping freight rates this week is demand out of the oil-producing nations of West Africa, which is pushing up rates for the second-largest category of crude oil tanker.
"Suezmax" is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal in a laden condition, and is almost exclusively used in reference to tankers. The limiting factors are beam , draft , height (because of the Suez Canal Bridge ), and length [ 1 ] (even though the canal has no locks ).
Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. ... 19 were Suezmax, 51 were Aframax, ...
Suezmax [9] Maersk Mc-Kinney Moller ( Danish: [ˈmɛɐ̯sk məˈkʰini ˈmølɐ] ) is the first ship of Maersk Line 's Triple E class of container vessels . At the time of its entry into service in 2013, it had the largest cargo capacity in twenty-foot equivalent unit (TEU) of any vessel, and was the longest container ship in service worldwide.
Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains ...
Frontline has a very high dividend yield, both in cash and in Ship Finance (SFL) stocks; for example, in late 2007 its annual dividend ran between 12 and 18%, depending on the fluctuating share price. SFL is an offshoot of Frontline; the offshoot is estimated to have generated 25% gains to shareholders due to the different risk in Frontline and ...
With a selling price of over $150 million, it is the most expensive ship ever built in Croatia. ... Suezmax Oil Tanker: 1989: 142,031 359: Jahre Transporter: Suezmax ...
The company's current fleet (as at 31 March 2021) totals 11 DPSTs, 9 VLCCs, 28 Aframax, one Panamax, 6 Suezmax and 19 clean tankers. Expansion plans include a further 11 vessels that are currently being built. The latest fleet list can be found on their website. [6]