How many types of tankers are there?
Table of Contents
How many types of tankers are there?
Breakdown of Various Classifications of Oil Tankers
| Size / Classification | Deadweight Tonnage (DWT) | Approx # of vessels[ii] |
|---|---|---|
| Aframax | 75,000 – 120,000 | ~900 |
| Suezmax | 120,000 – 180,000 | ~600 |
| VLCC | 200,000 – 320,000 | 474 |
| ULCC | 320,000+ | 4056 |
What is an LR2 tanker?
LR2 (Long-range 2) type tankers, which typically have a 115,000-tonne deadweight (dwt), are more flexible than Aframax vessels and can offer significant advantages in terms of size and profitability.
How many tanker ships are there?
As of April 2020, there were 810 very large crude carriers (VLCCs) worldwide. Oil tankers, also known as petroleum tankers, are paramount for transporting oil from their extraction site to refineries or further onwards to distribution centers.
What is ULCC?
ultra-large crude carrier.
What is ULCC and her DWT?
A very large crude carrier (VLCC) has a dead weight tonnage or cargo carrying capacity ranking up to 2,50,000 tons. On the other hand, an ultra large crude carrier (ULCC) has a DWT of anything between 2, 50,000 to 5, 00,000 tons.
What is a fuel ship called?
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products.
What is the difference between LR1 and lr2?
An LR1 tanker typically loads 55,000 mt of naphtha or 60,000-65,000 mt of distillates, while the LR2s can hold 75,000 mt of naphtha or up to 90,000 mt of distillates. MR tankers move naphtha in 35,000 mt parcels and up to 40,000 mt of distillates.
How many ULCC are there in the world?
Presently, only 2 ULCC are functional- Euronav Oceania and TI Europe. They were earlier part of the TI Class Supertankers and included TI Africa and TI Asia, all four built between 2002 and 2003. They were the first ULCC built in the last three decades.
How big is a ULCC?
How much does ULCC cost?
Size categories
| Class | Size in DWT | Used price |
|---|---|---|
| LR1 (Long Range 1) | 45,000–79,999 | $58M |
| LR2 (Long Range 2) | 80,000–159,999 | |
| VLCC (Very Large Crude Carrier) | 160,000–319,999 | $116M |
| ULCC (Ultra Large Crude Carrier) | 320,000–549,999 |
What is ULCC vessel?
Also known as: Ultra large crude carrier. ULCC refers to the largest class of oil tanker, which is larger than VLCC. ULCC tankers are in the range of 320-560 DWT. They are used exclusively for crude oil shipping. ULCC crude tankers are typically used on long-haul routes.
Can ULCC pass through Suez Canal?
ULCC crude tankers are typically used on long-haul routes. They can not go through the Panama or Suez Canals.
Is ULCC a good stock to buy?
Out of 6 analysts, 4 (66.67%) are recommending ULCC as a Strong Buy, 2 (33.33%) are recommending ULCC as a Buy, 0 (0%) are recommending ULCC as a Hold, 0 (0%) are recommending ULCC as a Sell, and 0 (0%) are recommending ULCC as a Strong Sell. What is ULCC’s earnings growth forecast for 2022-2024?
Will ULCC go up?
Analysts expect ULCC’S revenue to increase 122.1% year-over-year to $601.95 million for the first quarter, ending March 31, 2022. The consensus EPS estimate is expected to increase 433.5% year-over-year to $1.49.
