Tag Archives: general

Oil tanker sizes range from general purpose to ultra-large crude carriers on AFRA scale

September 16, 2014 Source: T. Mason Hamilton, U.S. Energy Information Administration The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels. This system, known as the Average Freight Rate […]

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