What is meant by Aframax tanker?

What is meant by Aframax tanker?

An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. 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.

What is LR1 vessel?

Long Range (LR) class ships are the most common in the global tanker fleet, as they are used to carry both refined products and crude oil. An LR1 tanker can carry between 345,000 barrels and 615,000 barrels of gasoline (14.5-25.8 million gallons) or between 310,000 barrels and 550,000 barrels of light sweet crude oil.

How many VLCC ships are there?

Vessels vary in size depending on the area or canal they need to traverse, with VLCCs having a storage capacity of around two million barrels of crude oil….Number of crude oil tankers worldwide as of April 2020 by type.

Characteristic Number of vessels
VLCC 810
Aframax 668
Suezmax 571
Small dirty tanker 83

What is meant by Aframax?

Aframax refers to a class of oil tanker of medium size, larger than Panamax and smaller than Suezmax. Aframax tankers are in the range of 80-120 DWT. The typical drafts vary by vessel but are usually in the region of 14.5-15.5 m. They are used for crude and refined products shipment.

What is a laden tanker?

Laden on board only means that the cargo has been loaded on board and should not be construed as the ship having sailed with the cargo.. When accompanied with a date, it means that the cargo described on the bill of lading has been loaded on board the ship and the ship has sailed on the specific date mentioned..

How much does an Aframax cost?

Daily spot charter rates for Aframax tankers averaged $3,277, down 57.1% from the previous quarter average of $7,648 and down 62.3% from the Q3 2020 average of $8,698.

How big is a Capesize vessel?

roughly 230m to 270m long
Capesize vessels are the largest dry bulk marine option, measuring roughly 230m to 270m long with a draft of 17m and nine cargo holds. Due to their larger size, only a few ports can accommodate them while fully loaded. Their carrying capacity is between 110,000 and 200,000 DWT.

What is LR1 and lr2?

An LR1 tanker typically loads 55,000 mt of naphtha or 60,000-65,000 mt of distillates, while the LR2s can hold 75,000 mt of naphtha or up to 90,000 mt of distillates. MR tankers move naphtha in 35,000 mt parcels and up to 40,000 mt of distillates.