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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 ).
Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes, [1] although there is no official definition in terms of exact tonnages. Handysize is also sometimes used to refer to the span of up to 60,000 tons, with the vessels above 35,000 tonnes referred to as Handymax or Supramax.
A typical Malaccamax tanker can have a maximum length of 333 m (1,093 ft), beam of 60 m (197 ft), draught of 20.5 m (67.3 ft), and tonnage of 300,000 DWT. [2] Similar terms Panamax, Suezmax and Seawaymax are used for the largest ships capable of fitting through the Panama Canal, the Suez Canal and Saint Lawrence Seaway, respectively.
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The oil tanker St Nikolas (formerly Suez Rajan) has been involved in two geopolitically prominent seizures, by the United States and Iran.In April 2023 the Greek-managed Marshall Islands-flagged oil tanker Suez Rajan was seized by US authorities, for breaching US sanctions against Iranian oil, which fell under US jurisdiction due to the use of US financial services.
Continuous heavy rains, massive flooding and landslides across the Philippines killed at least 13 people and displaced more than 600,000, and an oil tanker capsized off the country’s coast ...
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]