The platform can simultaneously offload product from two Aframax-size vessels that weigh up to 80,000 dead weight tons
Vale and the management of Lianyungang port in China's eastern Jiangsu province signed a cooperative agreement in July to pave the way for Vale's ultra-large Valemaxes which have a capacity of 400000 dead weight tons
(dwt) to dock at the port and boost productivity of their operations.
Under the contract valued at US$ 122 million, Jiangsu will build Aframax type tankers with a capacity of 85,000 dead weight tons
An Aframax vessel is around 110 000 dead weight tons
and carries mostly crude oil.
The platform, 67 percent of which will be owned by the joint venture, can simultaneously offload product from two Aframax-size vessels that weigh up to 80,000 dead weight tons
The group operates about 141 container ships with a capacity of 5,060,630 Dead Weight Tons
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.
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).