Tanker TBN0741. Suezmax. Several factors encouraged this growth. This ship size is popular with oil companies for logistical purposes, and, therefore, many ships have been built within these specifications. Though relatively smaller than Very Large Crude Containers (VLCC) and the Ultra Large Crude … Tanker. These are medium-sized oil tankers having an average weight of 1,20,000 DWT and can carry over 7,00,000 crude oil casks. Nippon Princess Aframax; Source: TEN. Panamax / LR1. Liv- Aframax / LR2. 15900 tons NK. AFRAMAX vessels refer to ships between 80,000 and 120,000 deadweight tons. The largest ships that can transit the Suez Canal, these tankers are some 275 metres (900 feet) long and have a capacity of 120,000 to 200,000 dwt. As the name suggests, Aframax are medium-sized oil tankers with a dead weight tonnage (DWT) between 80,000 and 119,999. The imposition of size constraints when large oil tankers entered sea-routes highly prone to traffic created the … Type: Double Hull Oil Tanker Yard built: Samsung Heavy Industries, Korea DWT / Draft: Summer SW 114,060 mt on 15.100 m Winter SW 113,948.5 mt on 14.785 m Coating: Fully coated / Epoxy Special features: ITF fitted Main Engine type: MAN, 6G60ME-C9.5 TII 11,400 kw at 77.5 RPM (MCR) Aux Engines: 3 Yanmar diesel generators of 900 kw each Length overall: … A classification used to describe a large portion of the global tanker fleet is AFRAMAX. Since most of these tankers are already double-coated, so cleaning process is not very long and if done in East Asia, it may not cost more than $200,000-$250,000 but based on current rates, the ship will lose a similar amount of notional earnings during the process, a tankers' broker added. AFRA system was created in 1954 by Shell Oil  to standardize contract terms. [1] The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardise shipping contract terms. As Aframax vessels are mainly used in transporting crude oil, they are sometimes called ‘dirty tankers’. Aframax Tankers. This ship size is popular with oil companies for logistical purposes, and, therefore, many ships have been built within these specifications. Their main areas of operations include South American oil cargo exports to the US Gulf region through the Caribbean, North African exports to Southern Europe through Mediterranean, exports from former Soviet Union Republics to Northern Europe through the Black Sea and the North Sea, and South East Asian exports to the Far East. Due to their favorable size, Aframax tankers can serve most ports in the world. An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. They are just ideal for short to medium-haul oil trades, and are primarily used in regions of … An Aframax tanker typically cost about $65 million ($62 million for a 5 year old) and the spot market rate is about $33,500 per day. Atlas Maritime’s Mitera Marigo Aframax Oil Tanker. While a typical T2 tanker of the World War II era was 162 metres (532 ft) long and had a capacity of 16,500 DWT, the ultra-large crude carriers (ULCC) built in the 1970s were over 400 metres (1,300 ft) long and had a capacity of 500,000 DWT. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. The average cargo carrying capacity of Aframax is approximately 750,000 barrels. Teekay Shipping has the world's largest fleet of Aframax tankers at 67 ships. Aframax. Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. 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