Watching the World Million-barrel tankers an endangered species

08/26/1996
The million-barrel tanker is in danger of being squeezed out of the crude oil transport market through a combination of bigger competitors and tightening pollution regulations. This is the view of Drewry Shipping Consultants Ltd., London, which sees future crude oil trade dominated by very large crude carriers (VLCCs) and comparatively small Aframax class tankers. VLCCs are larger than 200,000 dwt, while Aframax tankers are defined as vessels of 60,000-100,000 dwt. John Harris, senior consultant at Drewry, explained that a Suezmax tanker is typically 140,000-150,000 dwt. "The Suezmax class was developed as the largest fully laden tanker that can pass through the Suez Canal," said H...
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