Oil & Tanker Trades Outlook - Fleet Definitions The total tanker fleet and orderbook, as broken down in the following seven pages is the aggregate of crude, products, chemical and other specialised tankers for each size range. The definition for those sub-sectors is laid out below. • Crude tankers are defined as all uncoated tankers 55,000 dwt and above and are used in the transportation of crude oil and also dirty petroleum products. (Note Suezmax supply analysis on pages 3 and 7 includes coated Suezmaxes.) • Product tankers are defined as tankers suitable for the carriage of refined petroleum products and include: o Coated non-IMO graded tankers o IMO III tankers o IMO II tankers of 25,000 dwt and above which meet the criteria: average tank size >3,000 cbm, or, where average tank size unknown, no of tanks <16(25-40k dwt), <18(40-55k dwt), <30(55-85k o Uncoated non-IMO graded tankers below 55,000 o Tankers of an unknown IMO grade 25,000 dwt and above o Excludes specialised tankers, and all tankers with stainless steel tanks. (Note: Product Tanker supply analysis on pages 3 & 25 includes 10,000-124,999 dwt product tankers only.)
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