What does Aframax stand for?
An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. 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.
How long is an Aframax?
790 feet
Aframax. The maximum size of vessel to use the Average Freight Rate Assessment method for calculating shipping rates, these tankers are around 240 metres (790 feet) long and have capacities of 80,000 to 120,000 dwt. They carry roughly 500,000 to 800,000 barrels.
What is the standard deadweight tonnage DWT of a Aframax tanker?
75,000 – 120,000
Breakdown of Various Classifications of Oil Tankers
| Size / Classification | Deadweight Tonnage (DWT) | Average DWT / vessel[i] |
|---|---|---|
| Aframax | 75,000 – 120,000 | 106,000 |
| Suezmax | 120,000 – 180,000 | 161,000 |
| VLCC | 200,000 – 320,000 | 306,000 |
| ULCC | 320,000+ | 86,000 |
How many Aframax tankers are there?
Number of crude oil tankers worldwide as of April 2020 by type
| Characteristic | Number of vessels |
|---|---|
| VLCC | 810 |
| Aframax | 668 |
| Suezmax | 571 |
| Small dirty tanker | 83 |
Why is an Aframax called an Aframax?
Aframax crude tankers are typically used in short- to medium-distance routes and to serve ports that cannot handle the larger and lower-cost-per-barrel Suezmax or VLCC tankers. The name Aframax comes from an oil tanker rate system introduced by Shell called the Average Freight Rate Assessment.
How many barrels can a Aframax carry?
The smallest size of dedicated crude oil tankers is an ‘Aframax’ which can carry around 600,000 barrels of oil.
Why is it called Suezmax?
Suezmax tankers are in the range of 120-180 DWT. They are used mostly for crude oil shipping but can also handle dirty products (residual fuel oil). Suezmax crude tankers are typically used on long-haul routes. Suezmax gets its name from being the largest tanker capable of going through the Suez Canal.
Who owns the most oil tankers in the world?
10 Largest Oil Tanker Companies in the World
- Euronav NV.
- Scorpio Tankers Inc.
- Frontline Ltd.
- DHT Holdings. Revenue: $535 million.
- Tsakos Energy Navigation. Revenue: $512.5 million.
- Navios Maritime Holdings. Revenue: $484.8 million.
- SFL Corp Ltd. Revenue: $458.849 million.
- International Seaways. Revenue: $366.184 million.
What is Aframax bulk carrier?
Aframax vessels are roughly 245m in length. Their carrying capacity of 80,000 to 120,000 DWT makes them ideal for short- to medium-haul crude oil transport. They are most common in small harbors that cannot accommodate VLCC tankers (see below) and are used by non-OPEC countries with lower crude oil production.