Aframax
C1. Commercial shipping, chartering, economics and financeDefinition
Tanker segment of roughly 80,000 to 120,000 dwt named after the AFRA scale.
A crude and product tanker segment of roughly 80,000 to 120,000 dwt, named after the AFRA Large Range 2 band (80,000 to 159,999 dwt). Aframaxes are the workhorse of short-haul and regional crude trades such as the North Sea, the Mediterranean, and the Caribbean, where their draft and parcel size suit terminals that cannot take a Suezmax or VLCC. The name comes from the AFRA freight scale, not from any canal or port dimension.
Source: London Tanker Brokers' Panel