The TA KEROperator - Tanker Operator
The TA KEROperator - Tanker Operator
The TA KEROperator - Tanker Operator
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TOP 30 <strong>TA</strong>NKER COMPANIES<br />
<strong>TA</strong><strong>KER<strong>Operator</strong></strong>’s<br />
Top 30 owners and operators<br />
Taking the usual format, this list has been compiled in descending order of total tanker<br />
deadweight tonnage per company. <strong>The</strong> figures have been taken from company<br />
websites, the Equasis database, other sources and the companies themselves. We have<br />
not included FPSOs, FSOs, LPG carriers, or LGCs in the total.<br />
With the plethora of newbuildings delivered last year and the amount of tonnage yet<br />
to come, there has been and still will be changes in fleet compositions during the next<br />
couple of years, which has and will result in some companies having a higher ranking<br />
in the table in future editions.<br />
For example, ITC has claimed that once its massive VLCC newbuilding<br />
programme has been completed, the company will attain second, or third place in<br />
terms of total deadweight tonnage.<br />
FRONTLINE<br />
(19.3 mill dwt, plus 1.8 mill dwt newbuildings)<br />
1<br />
John Fredriksen’s Frontline<br />
is the world’s largest operator of<br />
VLCCs with 50 on its books, plus five<br />
newbuildings.<br />
In addition, the company operates eight<br />
OBOs and 21 Suezmaxes and has another two<br />
Suezmax tankers on order.<br />
<strong>The</strong> total includes those commercially<br />
managed by Frontline and owned by<br />
subsidiary Independent <strong>Tanker</strong>s Corp. Several<br />
are bareboat and timechartered out for<br />
long periods.<br />
Frontline’s policy is not to undertake<br />
technical management of its fleet, but rather<br />
use third party shipmanagement concerns.<br />
This is undertaken by several<br />
shipmanagement companies, including oil<br />
majors BP, Chevron and Shell, which have<br />
several vessels on bareboat charter. Other<br />
independent shipmanagement companies used<br />
include V Ships (UK, Norway and Germany),<br />
V Ships subsidiary ITM, Sea Team and Thome.<br />
Earlier this year, Frontline announced that it<br />
had sold its 2006-built VLCC ‘Front<br />
Shanghai’ for $91.24 mill. As part of the<br />
transaction, Frontline has chartered back the<br />
vessels for two years at a daily rate of<br />
$35,000.<br />
More recently, Frontline sold its entire stake<br />
of 1.4 mill shares in OSG.<br />
<br />
March 2011 <strong>TA</strong>N<strong>KER<strong>Operator</strong></strong> Annual Review<br />
V
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