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How are tanker ships classified?

Tanker ships are mainly classified on the basis of the type of cargo and size of the vessel. Some of the most commonly used tankers are: Tanker vessels used for oil transportation through marine channels are referred to as oil tanker ships.

What are the different types of tankers?

A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker (or petroleum tanker), the chemical tanker, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.

How much does a tanker cost a day?

The charter rate for very large crude carriers, which carry two million barrels of oil, had peaked at $309,601 per day in 2007 but had dropped to $7,085 per day by 2012, far below the operating costs of these ships. As a result, several tanker operators laid up their ships.

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