Information for Oil Shipping Via Tanker
The global oil shipping industry is huge, with billions of gallons being shipped by large tanker vessels each year. According to the U.S. Energy Information Administration, in 2007 about 85 million barrels of oil was produced each day, and about half of that, or 43 million barrels, was shipped by oceangoing tankers.
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Tanker Types
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Worldwide, there were 11,127 tankers in 2010. Of those, 1,222 were long-haul crude oil tankers. Here are the types of crude oil tankers: Panamax tankers, which can have a capacity of up to 70,000 dry weight tons (DWT), or about 500,000 barrels, are the largest vessels that can travel through the Panama Canal. Aframax tankers have a capacity of 70,000 to 120,000 DWT. Suezmax tankers, at 120,000 to 200,000 DWT, are the largest ships that can travel through the Suez Canal. A tanker categorized as a Very Large Crude Carrier has a capacity of 200,000 to 325,000 DWT, and an Ultra Large Crude Carrier can haul 325,000 to 550,000 DWT.
Tanker Age
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According to the Institute of Shipping Economics and Logistics, 53 percent of the world's oil tankers were older than 15 years in 2005.
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Major Companies
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The largest oil shipping company in the world is AP Maersk of Denmark, with a market share of 15 percent. Mediterranean Shipping Company and CMA CGM Group are also top oil-shipping companies.
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References
- Photo Credit containerschifff und tanker image by herb-art from Fotolia.com
