A Tanker is a ship used for transporting petroleum across water that is a merchant ship designed for the bulk carriage of liquid cargo.
Example Article of the Tanker:
Early 2024 Product Tanker Rates May Crush Even 2022 Records (Source: Oil Price on 23 January 2024): By Julianne Geiger - Product tanker rates are showing signs of strength, and have the potential to crush even the records set in 2022—and the number of oil cargoes transiting through the Bab el-Mandeb Strait is falling. The number of ships carrying crude or dirty petroleum products such as fuel oil has dropped 25% in the year to January 19, Vortexa data compiled by Bloomberg show, and the rising shipping rates are starting to eat into the profits of manufacturers, including Tesla, which announced a two-week production halt at its facility in Germany due to the supply chain shortages caused by delays in shipments. According to Bloomberg, about 2,300 vessels are taking the long way around to steer clear of Houthi attacks in the Red Sea—a situation that could lead to inflationary surges. ...
