These tanker ships can be categorised into different types, based on two criteria – Size and Type of cargo. Based on size, oil tankers have been categorised into the following types: Small Range (Product) Tanker: 10,000 to 60,000 tons DWT. Panamax Tanker: 60,000 to 78,000 tons DWT. Aframax (Average Freight Rate Assessment) …
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A Charter Party is the agreement between the party in charge of a ship and a party seeking to use the ship. A Voyage Charter party contains the names of the parties, the ship's name and nationality, …
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Voyage Charter: The ship owner is responsible for providing a seaworthy vessel, and the charterer pays a freight rate based on the cargo quantity and the distance between the loading and discharging ports. Time Charter: The charterer rents the vessel for a specified period, paying a daily hire rate. The charterer is responsible for covering the ...
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Based on extensive research and studies, the book explores the implications of our rising demand for petroleum and increase in tanker operations; U.S. government regulations and U.S. Coast Guard policies regarding designs for new tank vessel construction; how new ship design would affect crew safety, maintenance, inspection, and other technical ...
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The product tanker industry. Is cyclical and volatile. Changes in the global supply and demand for tanker capacity, and for oil and oil products, result in fluctuations in achievable freight rates. The charter market is highly competitive and based primarily on the offered charter rate, the vessel's location and technical specification, and ...
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LONDON (ICIS)–The chemical tanker shipping routes for intra-Europe and export routes out of Europe are expected to face another year riddled with coronavirus pandemic uncertainty, volatile fuel pricing and limited availability of many chemicals affecting spot trade. Contract of Affreightment (COA) volumes in 2022 are expected to stay at ...
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Charter prices for the largest tankers used for oil products — such as diesel, petrol and jet fuel — have more than doubled in the past week to $101,500, according to figures from Gibson, a ...
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Tanker fleet was making up roughly 3% of the world fleet in 1914. In 1938, tanker fleet had increased to 19% of the world fleet. In 1980, tanker fleet had increased to 50% of the …
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Crude oil tankers come in various sizes, the biggest standard size being a Very Large Crude Carrier – or 'VLCC'. These tankers take up to 2 million barrels of crude oil per …
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From vacuum tank trailers to crude and chemical liquid tank trailers, we offer many expertly-engineered tanker trailer types to match the liquids you're transporting. With our decades of experience, robust production capacity, severe-duty equipment standards, and uncompromising service, Dragon Products is here to support all of your liquid tank ...
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Cryogenic Transport Trailers. With engineering and manufacturing in 3 continents, Chart offers trailers, semi-trailers, swap bodies, liquid tube trailers and railcars for the safe and efficient distribution of liquid gases …
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HMSBAR 225 : Heavy Lift Crane Barge with 8pt mooring available for charter – 1,400t lift capacity. 26 February, 2024 Barge-4pt mooring, Barges - Crane & Sheerleg, Barges (All) Available: 26 February, 2024. Region: Mediterranean/N Africa. Location: Cyprus. Year Built: 2012. Dimensions (m): 136 x 36 x 3.0. Propulsion: Non propelled.
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1. Seawise Giant. The Seawise Giant was the largest oil tanker in the world. During its time, it was the longest self-propelled ship ever built. While its original name was Seawise Giant, it later came to be known as Happy …
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United States. West USA. 1. Compare. 589T dwt Handysize Chemical and Products Tanker. 26-Feb-2024, Chemical and Products Tanker. 48.2 m LOA. 589 tons DWT.
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The average time charter contribution margin for tanker ships (time charter rate minus operating expenses) has increased from 45% at the beginning of the year to 78% at the end; from the lowest to the highest of the three main shipping segments. During 2022, tanker trades have benefitted from a 4% increase in oil production and a reshaping of ...
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We provide a comprehensive picture of vessel chartering supply, market movements, bunker costs and more, across every major market, from raw materials to finished products. 85% ... Specialists in the full range of vessel chartering contracts, from shuttle tanker time charters and bareboat charters to spot fixtures and COA contracts – we ...
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A 'one-stop ship', we can speedily provide a suitable vessel for every trade, cargo grade, quantity or destination. Increasingly data-driven, we use algorithmic trading to position …
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December 22, 2023. Tank trailer trucks play a crucial role in transporting liquids and gasses across various industries. These specialized vehicles are designed to handle a wide range of materials, from chemicals to food products. In this comprehensive guide, we will delve into the various aspects of tank trailer trucks, exploring their types ...
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Here are a few of the key features of OneOcean's Findaport products, available through an online portal, as a CD or as hardcover publications. Data on over 2,144 ports …
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Chartering a tanker can seem like a daunting task, but with the right knowledge and preparation, it can be a smooth and successful process. Tankers are used to transport large quantities of liquid cargo, such as crude oil, petroleum products, and …
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In bulk shipping, there are many ways to charter a ship, but predominantly there are three methods of chartering or a combination of elements of charter listed below: –. Time Charter. Bareboat Charter. Voyage Charter / Spot Charter. These charter types will be the main focus of this first part of the bulk shipping guide.
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Long Range (LR) Tankers: LR tankers are the largest class of product tankers and are primarily used for long-haul voyages. They have a size ranging from …
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Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, according to two people with knowledge of the deal, a move that follows this week ...
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4. Upon approval of vessel-charter Party Agreement (CPA), Authority to Load (ATL) and Q88, seller provides following documents to buyer: a. Tank Storage Receipt b. Product certificate of quality passport of analysis c. Statement of product availability d. Product certificate of origin e. Commitment letter to supply f.
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Long Range (LR) Tankers: LR tankers are the largest class of product tankers and are primarily used for long-haul voyages. They have a size ranging from 45,000 to 120,000 deadweight tons (DWT). LR1 tankers typically have a capacity of 70,000 to 80,000 DWT, while LR2 tankers have a capacity of 80,000 to 120,000 DWT.
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We provide a comprehensive picture of vessel chartering supply, market movements, bunker costs and more, across every major market, from raw materials to finished …
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The standard temperatures used are 15 C and 60 F. 15 C is not the same as 60 F. In fact 15 C = 59 F. Tank volumes. TOV : Total Observed Volume of cargo at observed temperature including free water. GOV : Gross Oil Volume at observed temperature is TOV minus free water. GSV ( Gross Standard Volume ) : Gross oil volume at standard …
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Tanker vessels may be classified by size: • Ultra Large Crude oil Carriers (ULCC) 500,000 DWT • Very Large Crude oil Carriers (VLCC) 200,000-300,000 DWT • …
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Bitumen tankers are specialized vessels designed for transporting liquified asphalt or bitumen at high temperatures. Essential components include independent tanks and powerful heating systems to maintain cargo temperature. The primary regions served by these tankers are North and South America, the Caribbean, Africa, Europe, Asia, and …
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Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. It could be a taste of things to come. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle. "VLCC rates have surged at the end of the ...
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