THE LARGEST SHIP EVER BUILT - 12 NOVEMBER, 2022
Today, there are two different common tanker sizes used for the international transportation of oil, from a small coastal tanker to a Supertanker, a Supertanker is about twice the length of a coastal tanker … 1,362 feet (415 meters) versus 672 feet (205 meters), but the larrger ship can carry about 8 times the volume of the smaller. (400,000 deadweight tons versus 50,000 dwt).
Oil tankers hauling fuels like crude, gasoline and diesel are poised for their biggest demand in three decades with the disruption to Russian oil flows next year (2023) when sanctions on Russian oil products begin in February, causing a global rerouting of oil cargos as the new refineries in Asia and the Middle East begin exporting. It is expected to be the biggest annual increase of tanker useage for refined fuels since 1993, the one year costs to hire these so-called medium range tankers for refined fuels are now at the highest lease rates since 2008.
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