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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.
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 ...
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.
Tanker brokers similarly negotiate maritime contracts, known as charter parties. The main terms of negotiation are freight/hire and demurrage. Oil being a fast moving trade, freight rates for crude oil tanker charters are most commonly based on the Worldscale Index; the Worldscale Association publishes flat rates annually. [3]
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 ...
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. [3] Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. [3]
Tanker cars marked UN number 1267 - Crude Oil, cross Altoona, Pennsylvania to a refinery Tank cars are another way to move crude oil across a landmass. The oil is loaded into the tank cars, and are moved by a diesel train across the rails to the refinery or the train’s planned destination.
Commercial crude oil supertanker AbQaiq. A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker (or petroleum tanker), the chemical tanker, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.