Aframax tankers are in the range of 80-120 DWT. The typical drafts vary by vessel but are usually in the region of 14.5-15.5 m. They are used for crude and refined products shipment. If moving product, they are often called LR2.
Aframax crude tankers are typically used in short- to medium-distance routes and serve ports that cannot handle the larger and lower-cost-per-barrel Suezmax or VLCC tankers.
The name Aframax comes from an oil tanker rate system introduced by Shell called the Average Freight Rate Assessment.
FIND OUT MORE
The Refinery Reference Desk includes content derived from our industry experts as well as from public data sources such as company websites. Nothing herein is intended to serve as investment advice. This material is based on information that we believe to be reliable and adequately comprehensive, but we do not represent that such information is in all respects accurate or complete. McKinsey Energy Insights does not accept any liability for any losses resulting from use of the content.