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Fuel tankers earned more than $40,000 a day for the last 14 weeks as a result of strong appetite for fuels and longer trading routes.
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]
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.
August 2024 oil spill caused by attacks on the tanker Sounion; Location: Red Sea, "77 nautical miles to the West of Al Hudaydah": Coordinates: 1]: Date: 22 August 2024: Cause; Cause: Destruction of the oil tanker Sounion by Houthi militants: Operator: Delta Tankers: Spill characteristics; Volume: Up to 150,000 tons (~1 million barrels) of petroleum: The attacks on the MT Sounion refers to ...
The operation has started to tow a Greek-registered oil tanker stranded in the Red Sea after an attack by Houthi militants last month, a shipping source told Reuters on Saturday. Towing the 900 ...
A Greek-flagged oil tanker carrying 150,000 tons of crude oil poses an “environmental hazard” after it came under attack from projectiles and arms fire in the Red Sea. The 25-person crew of ...
A Greek-flagged tanker repeatedly attacked by Yemen's Houthi rebels in the Red Sea remains ablaze but hasn't sprung a major oil leak in the waterway, a European Union naval command said Monday.
Aframax. An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. [1] The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. [2] Due to their favorable size, Aframax tankers can serve most ports in the world.