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Ocean Freight Carriers of Liquids
Ocean freight carriers of bulk crude oil, chemical and other vital liquids are referred to as tankers by most professionals in the worldwide freight industry. Gigantic ships that carry massive loads of bulk liquid freight to destinations around the world, tankers are a vital transportation resource that transports the lifeblood of industry and business to destination on a daily basis.

The past twenty months has seen rough financial seas rocking the tanker sector as the first slump in demand for crude oil has had a few freight industry professionals talking about and predicting 'The Great Tanker Depression'. 'The Great Tanker Depression' never really emerged though as this year demand for crude oil has returned and the size of some tanker fleets has actually decreased, according to industry sources. In fact, the supply-and-demand equation of the tanker sector has been confounding freight industry experts as freight rates continue to increase, despite the shadow of a massive number of new tankers being apparent on the horizon of the ocean freight industry. The supply-and-demand equation appears to be in a flux of sorts though and with single-hull tankers about to be as welcome as a great white shark at a penguin colony in many regions of the world soon, the tanker sector appears to be an unpredictable animal at the present moment in time. Add to this the increase in demand for crude oil from afar to be transported to India, China and other regions of the world, and we could see freight rates in the crude oil transport sector continue to increase as we travel further into the century of the environment?

There appear to still be a few dark clouds in the sky above the tanker industry though as petroleum and chemical tankers still continue to struggle to find loads to transport to destination. The worst part of the financial crisis in the tanker sector could be over though and we could start seeing a lot of liquid freight being transported in the months ahead. Hopefully, this is the case and in a few months time were talking about how good the business of transporting liquid freight to destination is for the ocean freight carriers of the world.
Posted on 07 Sep 2010 by Momentum
Single-hull Ocean Freight Carriers Find New Work?
The shadow of the predicted last days of the single-hull ocean freight carrier has appeared on the horizon of the worldwide freight industry. Sources around the freight industry indicate that 45 out of 88 of the world's current fleet of single-hull VLCCs are currently not actually looking for work transporting crude oil. The 43 VLCCs that are currently trading according to industry sources represent less than 10 percent of the world's current tanker fleet. In addition, these ocean freight carriers of bulk crude oil will be shipping-out at lower daily rates according to sources and will probably be working somewhere in the far east.

To date in 2010 a total of seven VLCCs have been reported as being sent to the breakers. Once the Marpol regulations take effect though, we can probably expect to see many of the remaining single-hull VLCCs begin to make the journey to the scrap yards of the world. The latest reports from around the industry also indicate that the price of scrap could increase significantly in the last part of 2010. if this happens we could see tanker owners begin to try to recover some of the financial investment they made in single-hull tankers and we could see as many as 30 or more single-hull tankers heading to the scrap yards.

The saving grace for many older VLCCs could be the growing demand for storage facilities for crude and other liquid products around the world. Sources around the ocean freight carrier industry indicate that at the moment at least 40 VLCCs are tied up as storage facilities for crude oil. In addition, the demand for clean-products storage facilities for liquids in Europe has been greater than predicted and this market has been able to absorb as many as 30 single-hull tankers at a time.

The demise of single-hull tankers could be written in stone and it still might only be a matter of time before the last single-hull tanker is seen on the oceans of the world. Until that time arrives though we can expect to see the grand old single-hull tanker that has transported a large percentage of the vital liquids industry has used during the past decades to destination to continue to show up for work.
Posted on 03 Sep 2010 by Momentum

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