Owned vessels and chartered vessels with purchase option.
Tankers in the order of 80,000-120,000 dwt, typically vessels with load capacities of 600,000 barrels of crude oil.
Arabian Gulf. Synonyms: Middle East Gulf. (MEG); Persian Gulf (PG).
Specially developed paint which - when used on the bottom of ships - reduce fouling from various organisms. Modern types of paint seek to minimize the hazardous environmental impacts.
Index of the product tanker rate development on selected routes for the product tanker vessel types: Handysize...
Index of the dry cargo ate development on selected routes for the dry cargo vessel types; Handysize, Handymax...
(Baltic and International Maritime Council)
Provider of financial news and data.
(also known as dry cargo vessel) (Tørlastskib)
Expression for bulk commodities. A term for everything stowed in bulk without packaging.
Forward agreement to purchase or sell bunker oil at a predetermined price.
Transport of cargo between two ports in the same country. This trade is in some cases restricted to vessels from that particular country.
A right but not an obligation to buy an underlying instrument at a predetermined price.
An indication of the size of a bulk carrier above 120,000 dwt.
The world’s only global supplier of company data regarding environmental impact to investors.
An organisation that develops and maintains standards for the construction and upkeep of vessels including their engines and safety equipment...
Refined petroleum products such as petrol, aviation fuel and naphtha. Synonym: Clean petroleum products (CPP).
(Contract of Affreightment/Cargo contract) (Lastekontrakt)
Shipping system used by the Technical Department in connection with maintenance of the vessels, purchase...
Percentage indicating the part of ship days which has secured employment.
(Clean Petroleum Products)
A company's sociale responsibility.
Crude oil as well as some heavier refined petroleum products such as fuel oil.
Earnings before interest and tax.
Earnings before interest, tax, depreciation and amortisation.
Vessel with improved fuel efficiency.
Calculation and analysis system used when measuring CO2 emissions from the vessels.
(FFA) (Fragtrate terminsaftale)
Market expectations for future rate levels.
(Skibe uden kraner)
An indication of the size of a bulkcarrier in the order of 40,000-60,000 dwt.
An indication of the size of a bulkcarrier in the order of 25,000-40,000 dwt.
Product tanker in the order of 27,000-42,000 dwt, transporting refined products.
Internationally used common abbreviation of Human Resources...
International Accounting Standards.
International Energy Agency.
International Financial Reporting Standards.
International Iron and Steel Institute.
International Institute for Management Development.
International Monetary Fund.
International Maritime Organisation – international shipping organisation under the UN.
Shipping system which supports chartering...
Vessels with a limited field of operation for delivery of cargo to primarily very energy-intensive and market-sensitive companies. The Capesize is a typical example of an industrial carrier.
International association of independent tanker owners.
Key Performance Indicator.
Voyages with fixed routes.
Maritime Anti-Corruption Network.
A two-digit code where the first digit indicates the degree of vapours (solvents) given off, and the second digit the degree of contact hazard...
A set of international conventions concerned with the prevention of pollution from ships. The IMO is responsible for the administration of MARPOL.
The Mediterranean Sea.
Middle East Gulf. Synonyms: Arabian Gulf (AG); Persian Gulf (PG).
Maritime Strategies International Ltd.
Any self-propelled tanker, i.e. tanker fitted with diesel engine for propulsion.
Any self-propelled vessel, i.e. vessel fitted with diesel engine for propulsion.
North American Free Trade Agreement. An agreement with the purpose of extending and improving trade between Mexico, USA and Canada.
Booked equity adjusted for the market value of the fleet.
The ratio of the Company's net commitments to equity after deduction of contratually secured cash flows.
An environment-friendly bottom paint for vessels that keep the bottom clear of algae.
The Organisation for Economic Co-operation and Development. An association of the most industrialised nations with the main purpose of achieving increased economic growth.
US environmental legislation introduced to control oil pollution within US territorial waters, requiring double-hulled tanker tonnage.
Organization of the Petroleum Exporting Countries.
Artificial waterway in Panama connecting the Atlantic and Pacific oceans. The canal is about 80 km (50 miles) long and is made up of three sets of locks and two lakes...
Bulk carrier of about 65,000-85,000 dwt. The largest type of vessel able to pass through the Panama Canal.
(Svært opløselig olie)
Persian Gulf. Synonyms: Middle East Gulf (MEG); Arabian Gulf (AG).
A group of vessels with similar characteristics, with different owners but commercially operated together.
The countries' technical inspection of foreign vessels calling into their ports.
Bulk carrier of about 85,000-120...
Added value compared to earnings through employment at foward rates at the beginning of the year.
The most important shipping liability insurance.
A right, but not an obligation to sell the underlying instrument at the strike price.
(Afkast af investeret kapital)
Designated maritime activities.
International conventions concerned with Safety of Life at Sea.
Market in which vessels are contracted for a single voyage for immediate delivery.
Artificial waterway in Egypt connecting the Mediterranean and Red seas. The canal is about 163 km (102 miles) long and at sea level, so no locks are required.
A tanker of 120,000 - 200,000 dwt. The largest tankers that can navigate the Suez Canal fully loaded.
A very large crude carrier (VLCC) or ultra large crude carrier (ULCC).
Bulk carrier of 40,000-65,000 dwt capacity.
(Timecharter equivalent) (Timecharter ækvivalent)
General designation of all vessels transporting oil, both crude oil and refined products.
A company operating vessels without a regular schedule.
(Ultra Large/Very Large Crude Carriers)
(FN's sociale charter)
United States Department of Agriculture.
Internationally used freight system based on a "standard vessel" of 75,000 dwt. The freight is calculated on the basis of scheduled voyages.