Have you read the news of low/negative oil prices and wondered what it means? Cheap gasoline maybe? The answer is to take a look at oil-tankers. Overview Shipping market cycle Contango Pricing Conclusion Overview Supply chain The Asset Crude oil tankers come in various sizes, the biggest standard size being a Very Large Crude Carrier – or 'VLCC'. These tankers take up to 2 million barrels of crude oil per shipment, while the second largest size is the 'Suezmax' which takes around half of that amount and is the largest size ship that can sail through the Suez Canal fully laden. The smallest size of dedicated crude oil tankers is an 'Aframax' which can carry around 600,000 barrels of oil. There are smaller tankers in the market, but these tend to carry refined oil products and fuel oil, not crude oil.
Sector: Tankers
Sector: Tankers
Sector: Tankers
Have you read the news of low/negative oil prices and wondered what it means? Cheap gasoline maybe? The answer is to take a look at oil-tankers. Overview Shipping market cycle Contango Pricing Conclusion Overview Supply chain The Asset Crude oil tankers come in various sizes, the biggest standard size being a Very Large Crude Carrier – or 'VLCC'. These tankers take up to 2 million barrels of crude oil per shipment, while the second largest size is the 'Suezmax' which takes around half of that amount and is the largest size ship that can sail through the Suez Canal fully laden. The smallest size of dedicated crude oil tankers is an 'Aframax' which can carry around 600,000 barrels of oil. There are smaller tankers in the market, but these tend to carry refined oil products and fuel oil, not crude oil.