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2. Oil tanker - Wikipedia

   en.wikipedia.org/wiki/Oil_tanker

   The freight rate of a tanker charter party is specified in one of four ways: by a lump sum rate, by rate per ton, by a time charter equivalent rate, or by Worldscale rate. [48] In a lump sum rate arrangement, a fixed price is negotiated for the delivery of a specified cargo, and the ship's owner/operator is responsible to pay for all port costs ...

3. Worldscale - Wikipedia

   en.wikipedia.org/wiki/Worldscale

   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.

4. History of the oil tanker - Wikipedia

   en.wikipedia.org/wiki/History_of_the_oil_tanker

   For tanker owners, the Six-Day War of 1967 was of greater importance. The Suez Canal closed until 1975 and freight rates skyrocketed because of the shortage of tonnage now ships had to pass the Cape of Good Hope. [46] Even larger tankers were now built, [47] as the limitations of the Suez Canal were not governing anymore. In only a couple of ...

5. Tankers defer retrofits to cash in on record freight rates - AOL

   www.aol.com/news/tankers-defer-retrofits-cash...

   The extraordinary spike in freight rates proved too good to miss for some shipowners who were due to send vessels to the dry docks for lengthy retrofitting and maintenance work. Tankers defer ...

6. Tanker (ship) - Wikipedia

   en.wikipedia.org/wiki/Tanker_(ship)

   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. In the United States Navy and Military Sealift ...

7. Shipping markets - Wikipedia

   en.wikipedia.org/wiki/Shipping_markets

   Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.