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2. 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.

3. Tanker Rates Spike As Saudis Pull Trigger On Oil Price War - AOL

   www.aol.com/news/tanker-rates-spike-saudis-pull...

   Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en ...

4. Oil tanker - Wikipedia

   en.wikipedia.org/wiki/Oil_tanker

   With the exception of the pipeline, the tanker is the most cost-effective way to move oil today. [36] Worldwide, tankers carry some 2 billion barrels (3.2 × 10 11 L) annually, and the cost of transportation by tanker amounts to only US$0.02 per gallon at the pump. [36]

5. Crude-Tanker Stocks Plunge As Rates Hit Record Highs - AOL

   www.aol.com/news/crude-tanker-stocks-plunge...

   It is the best of times; it is the worst of times. Just as spot freight rates for supertankers have reached epic new heights, crude-tanker stocks are plummeting.Rates for very large crude carriers ...

6. TEN Outperforms Spot Tanker Rates With Conservative Approach

   www.aol.com/news/ten-outperforms-spot-tanker...

   TEN Ltd (NYSE: TNP), one of the largest publicly traded owners of tanker tonnage, posted increased quarterly profits as its time-charter strategy allowed it to outearn the spot market and its ...

7. History of the oil tanker - Wikipedia

   en.wikipedia.org/wiki/History_of_the_oil_tanker

   The modern oil tanker. The modern oil tanker was developed in the period from 1877 to 1885. [9] In 1876, Ludvig and Robert Nobel, brothers of Alfred Nobel, founded Branobel (short for Brothers Nobel) in Baku, Azerbaijan. It was, during the late 19th century, one of the largest oil companies in the world.

8. Iran Threat Looms As Tanker Market Booms - AOL

   www.aol.com/news/iran-threat-looms-tanker-market...

   It was October 2019, just six months ago, but ancient history for tanker trades. Rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil) spiked to $200,000 ...

9. Chronology of world oil market events - Wikipedia

   en.wikipedia.org/wiki/Chronology_of_world_oil...

   March: Exxon tanker Valdez runs aground, spilling 11 million US gallons (42,000 m 3) of crude oil in the waters of Prince William Sound's Bligh Reef. Oil prices react upward to news of the spill and to potential shortages on the west coast caused by refinery fires there. June: OPEC raises their production ceiling to 19.5 Mbbl/d (3,100,000 m 3 /d).