An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. [1] The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. [2] Due to their favorable size, Aframax tankers can serve most ports in the world.

Sep 16, 2014 · AFRAMAX vessels refer to ships between 80,000 and 120,000 deadweight tons. This ship size is popular with oil companies for logistical purposes, and, therefore, many ships have been built within these specifications.

Aug 20, 2021 · ‘Aframax’ comes from the Average Freight Rate Assessment (AFRA) system. Aframax tankers became popular because of the size constraints posed when large oil tankers entered busy and congested sea routes.

Dec 9, 2022 · Aframax tankers are ideally utilised for voyages of short to medium distances. Common trade routes of Aframax tankers are in, but not limited to, the Black Sea, North Sea, Mediterranean Sea, South and East China Seas, and the Caribbean Sea.

2. AFRAmax Crude Tankers. You may have noticed that Panamax and Suezmax are named after a place. However, Afra isn’t a place you can find anywhere. That is because Afra is an acronym that stands for the Average Freight Rate Assessment System.

Mar 13, 2025 · Aframax has been the main vessel class for Chevron’s Venezuelan crude exports to the US Gulf Coast. The non-renewal of GL41 is likely to tighten employment opportunities for Aframax, prompting a realignment in regional freight.

Aframax International is a leading provider of oil transportation services, operating a fleet of 6-12 modern and efficient Aframax Tankers/LR2. The company was established in 2023 as a Joint Venture between CAPE Tankers and International Seaways, two renowned players in …

Nov 21, 2019 · Panamax vessels, Aframax vessels, and Suezmax vessels are some of the most prevalent types. But what do they mean and what kind of ships do they represent? Well, the answer is relatively easy, and it lies on the area that each ship caters.

There are five principle sizes of oil tankers. In ascending order based on size, the smallest is the Panamax, Aframax, Suezmax, VLCC and the ULCC.

Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. The tanker derives its name from AFRA which stands for Average Freight Rate Assessment. Due to their favorable size, Aframax tankers can serve most ports in the world.