An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets.
Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of 550,000 DWT. Tankers move approximately 2.0 billion metric tons (2.2 billion short tons) of oil every year. Second only to pipelines in terms of efficiency, the average cost of transport of crude oil by tanker amounts to only US$5 to $8 per cubic metre ($0.02 to $0.03 per US gallon).Some specialized types of oil tankers have evolved. One of these is the naval replenishment oiler, a tanker which can fuel a moving vessel. Combination ore-bulk-oil carriers and permanently moored floating storage units are two other variations on the standard oil tanker design. Oil tankers have been involved in a number of damaging and high-profile oil spills. As a result, they are subject to stringent design and operational regulations.
1992Dec, 3
The Greek oil tanker Aegean Sea, carrying 80,000 tonnes of crude oil, runs aground in a storm while approaching A Coruña, Spain, and spills much of its cargo.
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Events on 1992
- 1Feb
Bhopal disaster
The Chief Judicial Magistrate of Bhopal court declares Warren Anderson, ex-CEO of Union Carbide, a fugitive under Indian law for failing to appear in the Bhopal disaster case. - 1Mar
Socialist Federal Republic of Yugoslavia
Bosnia and Herzegovina declares its independence from Socialist Federal Republic of Yugoslavia. - 2Mar
United Nations
Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, San Marino, Tajikistan, Turkmenistan and Uzbekistan join the United Nations. - 27Apr
International Monetary Fund
The Russian Federation and 12 other former Soviet republics become members of the International Monetary Fund and the World Bank. - 23Jul
Pope Benedict XVI
A Vatican commission, led by Joseph Ratzinger, establishes that limiting certain rights of homosexual people and non-married couples is not equivalent to discrimination on grounds of race or gender.