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An oil tanker, also known as a ... Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. [54]
Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
On Friday, Oct. 11, headlines blared of crude-tanker rates topping $300,000 per day, but the reality didn't quite match the initial hype.Those numbers were for conditional deals, known in the ...
SINGAPORE/LONDON (Reuters) - Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of ...
An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. [1] The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. [2] Due to their favorable size, Aframax tankers can serve most ports in the world.
"Crude-tanker rates at historic levels!" blared the recent headlines. Lost in the media storm: Spot rates for liquefied natural gas (LNG) carriers are now higher – much higher – than for crude ...
It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting.Rates for very large crude carriers ...
Crude Oil Tanker United States: 319540 2010 OLYMPIC TROPHY Crude Oil Tanker Greece: 320159 2010 OLYMPIC LUCK Crude Oil Tanker Greece: 319106 2010 XING YE 9590058 Crude Oil Tanker China: 320557 2014 YONG LE 9623257 Crude Oil Tanker China: 320775 2014 YUAN FU WANG 9843314 Crude Oil Tanker China: 319668 2021 YUAN HUA YANG 9843297 Crude Oil Tanker ...