in

Are the tankers owned by an oil company normally employed carrying the company’s own oil?

Not necessarily.Β 

When an oil company can earn more by chartering its own ships out to another company, it usually will. Thus it is not uncommon to find a BP tanker chartered to Shell, etc. Independently-owned tankers time-chartered to oil companies are also often employed on voyage charters to third parties.

Β 

Share this:

Written by Ship Inspection

Leave a Reply

In what circumstances might a liner company charter-in ships?

What kind of businesses are major charterers in the tanker markets?