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ship-to-ship (STS) transfer operation is the transfer of cargo between seagoing ships positioned alongside each other, either while stationary or underway. Cargoes typically transferred via STS methods include crude oil, liquefied gas (LPG or LNG), bulk cargo, and petroleum products. The nomenclature STS transfer should be used in reference to ...
FOB (shipping) FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
BP Shipping is the maritime arm of British headquartered global oil company, BP. The unit covers the marine transport, logistics and insurance requirements of all BP's global activities. Formed in 1956 as the BP Tanker Company, its roots go back to the British Tanker Company, which was formed to carry products for the Anglo-Persian Oil Company.
CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. [7] The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively. The company is headquartered at ...
Rear house, full hull, midships pipeline. 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. [1] Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. [1]
Bulk cargo is classified as liquid or dry. 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, the chemical tanker, and gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.
It is one of the largest shipping companies in the world. MOL fleet includes dry cargo ships ( bulk carriers ), liquefied natural gas carriers, Ro-Ro Car Carrier ships, oil tankers , container ships (among which mv MOL Triumph is the 4th largest containership in the world), and container terminals .