The Broken Economics of Oil Tankers
In this video, we dive into the world of maritime economics, marine engineering, and global geopolitics to understand the evolution of the crude oil tanker. From Seawise Giant to VLCCs and then SUEZMAX, we understand how oil tankers are getting smaller in size passing every decade.
• ULCC (Ultra Large Crude Carrier): 320,000+ DWT
• VLCC (Very Large Crude Carrier): 200,000 - 320,000 DWT
• Suezmax: 120,000 - 200,000 DWT (Max size for the Suez Canal)
• Aframax: 80,000 - 120,000 DWT (Agile, shallow-draft vessels)
• Tonne-Miles: How shipping demand is actually calculated.
• Ballasting: The massive logistical inefficiency of ships sailing empty.
#shipping #oiltanker #crudeoil #economics #logistics #tankers #tankership #megaprojects #megaship