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The organization has over 240 members, whose combined fleet comprises more than 2,160 tankers totalling over 160 million dead weight tons ("dwt") - 70% of the world's independent tanker fleet above 10,000 dwt. The "Cape May" is an 875-foot long cargo carrier of 39,000 dead weight tons and contains 23 ballast tanks with a combined capacity to carry 25,547 metric tons of ballast water. However, the main category of ship used by Ermis -- Aframax vessels (80,000 dead weight tons [dwt] to 120,000dwt) -- may suffer from oversupply in the coming year, as a considerable number of new ships are on order (up to 20% of the worldwide existing fleet, which is already the youngest fleet in the crude oil market). |
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