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Aframax

C1. Commercial shipping, chartering, economics and finance

Definition

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