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The big news for ocean shipping freight rates this week is demand out of the oil-producing nations of West Africa, which is pushing up rates for the second-largest category of crude oil tanker.
"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 ).
As a result, several tanker operators laid up their ships. Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. [54] Owners of large oil tanker fleets include Teekay Corporation, A P Moller Maersk, DS Torm, Frontline, MOL Tankship Management, Overseas Shipholding Group, and Euronav ...
Suezmax [9] Maersk Mc-Kinney Moller ( Danish: [ˈmɛɐ̯sk məˈkʰini ˈmølɐ] ) is the first ship of Maersk Line 's Triple E class of container vessels . At the time of its entry into service in 2013, it had the largest cargo capacity in twenty-foot equivalent unit (TEU) of any vessel, and was the longest container ship in service worldwide.
Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains ...
Frontline has a very high dividend yield, both in cash and in Ship Finance (SFL) stocks; for example, in late 2007 its annual dividend ran between 12 and 18%, depending on the fluctuating share price. SFL is an offshoot of Frontline; the offshoot is estimated to have generated 25% gains to shareholders due to the different risk in Frontline and ...
With a selling price of over $150 million, it is the most expensive ship ever built in Croatia. ... Suezmax Oil Tanker: 1989: 142,031 359: Jahre Transporter: Suezmax ...
The company's current fleet (as at 31 March 2021) totals 11 DPSTs, 9 VLCCs, 28 Aframax, one Panamax, 6 Suezmax and 19 clean tankers. Expansion plans include a further 11 vessels that are currently being built. The latest fleet list can be found on their website. [6]