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"Suezmax" is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal in a laden condition, and is almost exclusively used in reference to tankers. The limiting factors are beam , draft , height (because of the Suez Canal Bridge ), and length [ 1 ] (even though the canal has no locks ).
The rates that tankers can charge has risen, with a fee of $10.5m to transport 700,000b of crude, sold below the price cap, from the Baltic to India in January, compared to a fee a year earlier of $1m. [96] In March VLCC tanker rates were on average 108% higher than March 2022, Suezmax rates were up 56% and Aframax up 40% on 2022. [49]
The Baltic Exchange's main sea freight index gained on Thursday as rates rose across all vessel segments. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was ...
Frontline PLC is the world's fourth largest oil tanker shipping company, based in Limassol, Cyprus and controlled by John Fredriksen. Its primary business is transporting crude oil. As of 2008 the company had one of the world's largest tanker fleets consisting of VLCC, Suezmax and Suezmax OBO carriers (82 tankers in total with 18 more on order ...
A surge in demand to ship the flood of crude oil unleashed by Saudi Arabia and its OPEC peers is sending freight rates surging and forcing buyers to seek out space on smaller tankers with the ...
Germany is working to secure a drifting Russian oil tanker, believed to be part of Moscow’s “shadow fleet” used to fund its war in Ukraine, after it lost control in the Baltic Sea.. The ...
The English Channel connects the Atlantic Ocean with the Southern part of the North Sea and is one of the busiest shipping areas in the world with ships going in numerous direction: some are passing through in transit from the Southwest to Northeast (or vice versa) and others serving the many ports around the English Channel, including ferries crossing the Channel.
COPENHAGEN (Reuters) -Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a ...