Tanker Chartering

Tanker Chartering
Author: Institute of Chartered Shipbrokers
Publisher: Witherby Shipping Business
Total Pages: 311
Release: 2011-05-01
Genre: Charter-parties
ISBN: 9781856094672

Tanker Spills

Tanker Spills
Author: Division on Engineering and Physical Sciences
Publisher: National Academies Press
Total Pages: 381
Release: 1991-02-01
Genre: Science
ISBN: 0309043778

Can we design an oil tanker that meets our complex demands for environmental protection, economical operation, and crew safety? This volume evaluates and ranks a wide variety of tank ship hull designs proposed by experts around the world. Based on extensive research and studies, the book explores the implications of our rising demand for petroleum and increase in tanker operations; U.S. government regulations and U.S. Coast Guard policies regarding designs for new tank vessel construction; how new ship design would affect crew safety, maintenance, inspection, and other technical issues; the prospects for retrofitting existing tankers to reduce the risk of oil spills; and more. The conclusions and recommendations will be particularly important to maritime safety regulators in the United States and abroad; naval architects; ship operators and engineers; and officials in the petroleum, shipping, and marine insurance industries.

Tanker Operations

Tanker Operations
Author: Mark Huber
Publisher: Schiffer Pub Limited
Total Pages: 418
Release: 2010
Genre: Transportation
ISBN: 9780870336201

The domestic and international rules governing the qualifications for personnel serving on tank vessels have changed in recent years. To address those new requirements, the fourth edition of Tanker Operations incorporates new material by Mark Huber and other contributors, providing an updated textbook for maritime schools and individuals pursuing a tankerman endorsement. It is also a standard reference for anyone involved in the tanker industry. The subject areas from the third edition have been expanded and address such basics as vessel construction and cargo characteristics; cargo piping and venting systems; cargo measurement and transfer operations; ballasting and deballasting; tank cleaning operations and pollution regulations; gas freeing and inert gas systems. New sections include inspection procedures for chartering, cargo pump troubleshooting, and details concerning the role of the tankerman from a commercial perspective in the transportation industry. Separate chapters are devoted to the hazards and precautions relating to enclosed space entry and the emergency operations that involve situations specific to the cargo area of a vessel. Review questions have been incorporated at the end of each chapter to ensure that the information has been covered and understood by the reader. A comprehensive glossary is also provided.

Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading

Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading
Author: George Xianzhi Yuan
Publisher: World Scientific
Total Pages: 274
Release: 2020-10-23
Genre: Business & Economics
ISBN: 9811223211

In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI Oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI Oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI Oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system.This event challenges not just our basic concepts of 'value' and trading 'price' of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties.The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI Oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application.

Double-Hull Tanker Legislation

Double-Hull Tanker Legislation
Author: Marine Board
Publisher: National Academies Press
Total Pages: 286
Release: 1998-02-23
Genre: Science
ISBN: 0309518288

The passage of the Oil Pollution Act of 1990 (OPA 90) by Congress and subsequent modifications of international maritime regulations resulted in a far-reaching change in the design of tank vessels. Double-hull rather than single-hull tankers are now the industry standard, and nearly all ships in the world maritime oil transportation fleet are expected to have double hulls by about 2020. This book assesses the impact of the double hull and related provisions of OPA 90 on ship safety, protection of the marine environment, and the economic viability and operational makeup of the maritime oil transportation industry. The influence of international conventions on tank vessel design and operation is addressed. Owners and operators of domestic and international tank vessel fleets, shipyard operators, marine architects, classification societies, environmentalists, and state and federal regulators will find this book useful.

Oil Spill Risks From Tank Vessel Lightering

Oil Spill Risks From Tank Vessel Lightering
Author: Division on Engineering and Physical Sciences
Publisher: National Academies Press
Total Pages: 140
Release: 1998-11-24
Genre: Science
ISBN: 0309173582

The safety record of lightering (the transfer of petroleum cargo at sea from a large tanker to smaller ones) has been excellent in U.S. waters in recent years, as evidenced by the very low rate of spillage of oil both in absolute terms and compared with all other tanker-related accidental spills. The lightering safety record is likely to be maintained or even improved in the future as overall quality improvements in the shipping industry are implemented. Risks can be reduced even further through measures that enhance sound lightering standards and practices, support cooperative industry efforts to maintain safety, and increase the availability of essential information to shipping companies and mariners. Only continued vigilance and attention to safety initiatives can avert serious accidents involving tankers carrying large volumes of oil.

Tanker Operations

Tanker Operations
Author: G. S. Marton
Publisher: Cornell Maritime Press/Tidewater Publishers
Total Pages: 207
Release: 1978
Genre: Tankers
ISBN: 9780870332401

Emergency Response Guidebook

Emergency Response Guidebook
Author: U.S. Department of Transportation
Publisher: Simon and Schuster
Total Pages: 352
Release: 2013-06-03
Genre: House & Home
ISBN: 1626363765

Does the identification number 60 indicate a toxic substance or a flammable solid, in the molten state at an elevated temperature? Does the identification number 1035 indicate ethane or butane? What is the difference between natural gas transmission pipelines and natural gas distribution pipelines? If you came upon an overturned truck on the highway that was leaking, would you be able to identify if it was hazardous and know what steps to take? Questions like these and more are answered in the Emergency Response Guidebook. Learn how to identify symbols for and vehicles carrying toxic, flammable, explosive, radioactive, or otherwise harmful substances and how to respond once an incident involving those substances has been identified. Always be prepared in situations that are unfamiliar and dangerous and know how to rectify them. Keeping this guide around at all times will ensure that, if you were to come upon a transportation situation involving hazardous substances or dangerous goods, you will be able to help keep others and yourself out of danger. With color-coded pages for quick and easy reference, this is the official manual used by first responders in the United States and Canada for transportation incidents involving dangerous goods or hazardous materials.

Handbook of Research on the Applications of International Transportation and Logistics for World Trade

Handbook of Research on the Applications of International Transportation and Logistics for World Trade
Author: Ceyhun, Gökçe Çiçek
Publisher: IGI Global
Total Pages: 578
Release: 2019-12-06
Genre: Business & Economics
ISBN: 1799813983

In today’s developing world, international trade is a field that is rapidly growing. Within this economic market, traders need to implement new approaches in order to satisfy consumers’ rising demands. Due to the high level of competition, merchants have focused on developing new transportation and logistics strategies. In order to execute effective transportation tactics, decision makers need to know the fundamentals, current developments, and future trends of intercontinental transportation. The Handbook of Research on the Applications of International Transportation and Logistics for World Trade provides emerging research exploring the effective and productive solutions to global transportation and logistics by applying fundamental and in-depth knowledge together with current applications and future aspects. Featuring coverage on a broad range of topics such as international regulations, inventory management, and distribution networks, this book is ideally designed for logistics authorities, trading companies, logistics operators, transportation specialists, government officials, managers, policymakers, researchers, academicians, and students.