Transportation & Vessel Operations
Our terminals represents a cornerstone in ensuring a consistent revenue stream and significantly augmenting our logistics capabilities for transporting and exporting refined petroleum products. The Terminal boasts an impressive estimated capacity of handling up to 30 million tons of oil annually, encompassing 20 million tons of black oil products and 10 million tons of light oil products. What sets our terminals apart are its capacity to seamlessly facilitate the separate transshipment of three types of light oil products and three types of black oil products.
Our Vital Role in Energy Transportation
We understand the enduring significance of energy transportation in meeting society's energy needs. Our commitment is to facilitate this essential process, ensuring the smooth flow of energy resources. Alongside our trusted partners, we play a critical role in transporting refined oil products across the globe, which power our vehicles, heat our homes, and even contribute to everyday items like clothing, mobile phones, and toys.
With a fleet of over 161 product tanker vessels distributed across five segments, including Intermediate, Handy, MR, LR2, and Aframax, we, along with our partners, own 80 vessels, charter 23, and strategically manage 58 more. This extensive fleet empowers us to efficiently serve the global energy supply chain and support the movement of vital resources that drive our modern lives.
Bunker And Crude Oil Mini Vessels at Advix Logistics LLC
Advix Logistics LLC operates a fleet of crude oil tankers that play a crucial role in the transportation of refined products from refineries to our storage tanks. These tankers complement other modes of transportation, including pipelines and heavy vessels. Our tanker fleet encompasses a range of vessel sizes, from small General Purpose tankers, typically carrying between 10 to 25,000 tons, designed for the transport of refined products.
In addition to General Purpose tankers, we also utilize Large Range and Very Large Crude Carriers (VLCC) for international crude oil trade. The selection of tanker size for each trade route depends on the vessel's length, loaded depth, and the capacity of the loading and unloading ports. Generally, larger ships are employed to optimize the cost of transporting each barrel of crude oil.
As of 2019, the global tanker fleet consisted of 4,186 vessels with a combined carrying capacity of 358.8 million deadweight tons (dwt). Notably, 84% of the tanker fleet was under the ownership of independent tanker companies, with an average fleet age of 11.9 years. Additionally, 68% of the vessels in operation were double-hulled ships, reflecting a commitment to safety and environmental standards in the industry.