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Liquid bulk transportLarge diverse fleet
- Product/handy size
- Panamax
- suezmax
- VLCC
- ULCC
Shipowners – 130 Norwegian
- Odfjell
- BW Gas
- Klaveness
- KnutsenOAS
- Frontline
Income from one-way shipping, high fluctuation in price
Customers
- Energy
- Chemical
- Agriculture |
Crude oil –a bit different...Oil is a strategic business and market economics operate within a political framework | Accidents | Piracy |
Factors of importance:
- Refinery location
- Balancing trades
- Deficit trade Current Energy SourcesFossil fuels provide about 95%of all commercial energy in the world | Sustainable or renewable energy resources currently provide less than 3%of world power needs | Nuclear energy provides about twice as much energy as renewable sources |
| | Chemical tankersShips intended for transportation of all types of liquid chemicals | "Drugstore ships" |
Crude oil tankersUnrefined (crude) oil | Approx 500 ULCC/VLCC | Lightening is common [transferring between two ships] |
Gas carriersGas carriers are ships intended for transportation of compressed or liquefied gas | Large scale LNG trade is characterized by long term commitments contracts between seller and buyer |
Product tankersShips intended for transport of all types of oil products except crude oil |
Old and modern tanker comparison
| |
Major crude oil trade routes
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