Teekay is a Canadian shipping corporation which specialises in shipping crude oil .
110-462: Teekay was founded in 1973 by Torben Karlshoej, then a 31 year old Danish ship broker who had emigrated to the United States at the age of 20 and mostly worked on farms. The company was named "TK" for Karlshoej's initials. It commenced operations by purchasing small second and third hand oil tankers , a lucrative trade due to the high oil prices during the 1973–1974 oil crisis . It maintained
220-576: A head office in the Bahamas , thus taking advantage of low corporate taxes . Most of its ships were registered in Liberia, thus taking advantage of the comparatively low taxes and the ability to recruit seafarers from across the world. The company grew in the 1980s by operating in the risky waters off Persian Gulf during the Iran–Iraq War . Under Karlshoej's leadership, the company grew further from
330-429: A "difficult language to learn, acquire and understand", and some evidence shows that children are slower to acquire the phonological distinctions of Danish compared with other languages. The grammar is moderately inflective with strong (irregular) and weak (regular) conjugations and inflections. Nouns, adjectives, and demonstrative pronouns distinguish common and neutral gender. Like English, Danish only has remnants of
440-570: A 40,000 DWT tanker, $ 60.7 million for a 80,000–95,000 DWT , $ 73 million for a 130,000–150,000 DWT , and $ 116 million for 250,000–280,000 DWT tanker. For a concrete example, in 2006, Bonheur subsidiary First Olsen paid $ 76.5 million for Knock Sheen , a 159,899 DWT tanker. The cost of operating the largest tankers, the Very Large Crude Carriers, is currently between $ 10,000 and $ 12,000 per day. Oil tankers generally have from 8 to 12 tanks. Each tank
550-518: A center of innovation after Edwin Drake had struck oil near Titusville, Pennsylvania . Break-bulk boats and barges were originally used to transport Pennsylvania oil in 40-US-gallon (150 L) wooden barrels. But transport by barrel had several problems. The first problem was weight: they weighed 29 kilograms (64 lb), representing 20% of the total weight of a full barrel. Other problems with barrels were their expense, their tendency to leak, and
660-503: A country, called its flag state . A ship's flag state exercises regulatory control over the vessel and is required to inspect it regularly, certify the ship's equipment and crew, and issue safety and pollution prevention documents. As of 2007, the United States Central Intelligence Agency statistics count 4,295 oil tankers of 1,000 long tons deadweight (DWT) or greater worldwide. Panama
770-692: A deal worth $ 1.4bn, as the latter exited the LNG space. Peter Evensen said that the Teekay LNG fleet at the time numbered to 45 vessels. In July 2014, Teekay signed contracts for six Yamal Icebreaking LNG Carrier Newbuildings in a joint venture between Teekay LNG and China LNG. The first ship, the Eduard Toll , was delivered in January of 2018, and the final of the six vessels, the MV ; Yakov Gakkel ,
880-470: A few thousand metric tons of deadweight (DWT) to ultra-large crude carriers (ULCCs) of 550,000 DWT . Tankers move approximately 2.0 billion metric tons (2.2 billion short tons ) of oil every year. Second only to pipelines in terms of efficiency, the average cost of transport of crude oil by tanker amounts to only US$ 5 to $ 8 per cubic metre ($ 0.02 to $ 0.03 per US gallon). Some specialized types of oil tankers have evolved. One of these
990-577: A former case system , particularly in the pronouns. Unlike English, it has lost all person marking on verbs. Its word order is V2 , with the finite verb always occupying the second slot in the sentence. Danish is a Germanic language of the North Germanic branch . Other names for this group are the Nordic or Scandinavian languages. Along with Swedish, Danish descends from the Eastern dialects of
1100-526: A literary language. Also in this period, Danish began to take on the linguistic traits that differentiate it from Swedish and Norwegian, such as the stød , the voicing of many stop consonants, and the weakening of many final vowels to /e/. The first printed book in Danish dates from 1495, the Rimkrøniken ( Rhyming Chronicle ), a history book told in rhymed verses. The first complete translation of
1210-606: A marine services arm based in Australia . As of March 2022, the company's leadership consisted of Kenneth Hvid (the President and Group CEO) and Kevin Mackay (President and CEO - Teekay Tankers Ltd.). Danish language Nordic Council Danish ( / ˈ d eɪ n ɪ ʃ / , DAY -nish ; endonym : dansk pronounced [ˈtænˀsk] , dansk sprog [ˈtænˀsk ˈspʁɔwˀ] )
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#17327835336331320-707: A number of Danes remained as a minority within German territories . After the occupation of Denmark by Germany in World War II, the 1948 orthography reform dropped the German-influenced rule of capitalizing nouns, and introduced the letter ⟨å⟩ . Three 20th-century Danish authors have become Nobel Prize laureates in Literature : Karl Gjellerup and Henrik Pontoppidan (joint recipients in 1917) and Johannes V. Jensen (awarded 1944). With
1430-504: A part of Petroleum Geo-Services (PGS) and Golar-Nor . In December 2002, Teekay acquired Navion ASA from Statoil . The acquisition was successfully completed on April 7, 2003, and the included shuttle tanker subsidiary, Ugland Nordic Shipping (UNS) became known as Teekay Navion Shuttle Tankers & Offshore (TNSTO), with their headquarters in Stavanger, Norway . In August 2006, Teekay further expanded their Offshore business with
1540-636: A set of 21 vertical watertight compartments for extra buoyancy . The ship had a length overall of 56 metres (184 ft), a beam of 8.2 metres (27 ft), and a draft of 2.7 metres (9 ft). Unlike later Nobel tankers, the Zoroaster design was built small enough to sail from Sweden to the Caspian by way of the Baltic Sea , Lake Ladoga , Lake Onega , the Rybinsk and Mariinsk Canals and
1650-482: A similarity in pronunciation, combined with the long tradition of having Danish as a written language, which has led to similarities in vocabulary. Among younger Danes, Copenhageners are worse at understanding Swedish than Danes from the provinces. In general, younger Danes are not as good at understanding the neighboring languages as the young in Norway and Sweden. The Danish philologist Johannes Brøndum-Nielsen divided
1760-586: A so-called multiethnolect in the urban areas, an immigrant Danish variety (also known as Perkerdansk ), combining elements of different immigrant languages such as Arabic, Turkish, and Kurdish, as well as English and Danish. Within the Danish Realm , Danish is the national language of Denmark and one of two official languages of the Faroe Islands (alongside Faroese ). There is a Faroese variant of Danish known as Gøtudanskt . Until 2009, Danish
1870-522: A tanker operator to an operational ship owner in the conventional shipping market. Over the years, Teekay expanded across new segments including gas and offshore. Teekay currently operates under two companies that are publicly traded on the New York Stock Exchange : Teekay Corporation and Teekay Tankers. In 1998, Teekay commenced operations under what is now called Petrojarl . It commenced offshore oil exploration as Golar Nor Offshore ,
1980-625: A variant of Standard Danish, Southern Schleswig Danish , is spoken in the area. Since 2015, Schleswig-Holstein has officially recognized Danish as a regional language , just as German is north of the border. Furthermore, Danish is one of the official languages of the European Union and one of the working languages of the Nordic Council . Under the Nordic Language Convention , Danish-speaking citizens of
2090-407: A very large vowel inventory consisting of 27 phonemically distinctive vowels , and its prosody is characterized by the distinctive phenomenon stød , a kind of laryngeal phonation type . Due to the many pronunciation differences that set Danish apart from its neighboring languages, particularly the vowels, difficult prosody and "weakly" pronounced consonants, it is sometimes considered to be
2200-571: Is a North Germanic language from the Indo-European language family spoken by about six million people, principally in and around Denmark . Communities of Danish speakers are also found in Greenland , the Faroe Islands , and the northern German region of Southern Schleswig , where it has minority language status. Minor Danish-speaking communities are also found in Norway , Sweden ,
2310-700: Is a West Germanic language descended from Old English. Old Norse exerted a strong influence on Old English in the early medieval period. The shared Germanic heritage of Danish and English is demonstrated with many common words that are very similar in the two languages. For example, when written, commonly used Danish verbs, nouns, and prepositions such as have , over , under , for , give , flag , salt , and arm are easily recognizable to English speakers. Similarly, some other words are almost identical to their Scots equivalents, e.g. kirke (Scots kirk , i.e., 'church') or barn (Scots and northern English bairn , i.e. 'child'). In addition,
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#17327835336332420-430: Is its closest relative. East Germanic languages West Germanic languages Icelandic Faroese Norwegian Danish Swedish Approximately 2,000 uncompounded Danish words are derived from Old Norse and ultimately from Proto Indo-European . Of these 2,000, 1,200 are nouns, 500 are verbs and 180 are adjectives. Danish has also absorbed many loanwords , most of which were borrowed from Low German of
2530-413: Is more efficient, and better protection in low-impact collisions and grounding. The same report lists the following as some drawbacks to the double-hull design, including higher build costs, greater operating expenses (e.g. higher canal and port tariffs), difficulties in ballast tank ventilation, the fact that ballast tanks need continuous monitoring and maintenance, increased transverse free surface,
2640-454: Is split into two or three independent compartments by fore-and-aft bulkheads. The tanks are numbered with tank one being the forwardmost. Individual compartments are referred to by the tank number and the athwartships position, such as "one port", "three starboard", or "six center". A cofferdam is a small space left open between two bulkheads, to give protection from heat, fire, or collision. Tankers generally have cofferdams forward and aft of
2750-436: Is the naval replenishment oiler , a tanker which can fuel a moving vessel . Combination ore-bulk-oil carriers and permanently moored floating storage units are two other variations on the standard oil tanker design. Oil tankers have been involved in a number of damaging and high-profile oil spills . The technology of oil transportation has evolved alongside the oil industry. Although human use of oil reaches to prehistory,
2860-436: The skarre-R , the uvular R sound ( [ʁ] ), began spreading through Denmark, likely through influence from Parisian French and German. It affected all of the areas where Danish had been influential, including all of Denmark, Southern Sweden, and coastal southern Norway. In the 18th century, Danish philology was advanced by Rasmus Rask , who pioneered the disciplines of comparative and historical linguistics, and wrote
2970-623: The Bible in Danish, the Bible of Christian II translated by Christiern Pedersen , was published in 1550. Pedersen's orthographic choices set the de facto standard for subsequent writing in Danish. From around 1500, several printing presses were in operation in Denmark publishing in Danish and other languages. In the period after 1550, presses in Copenhagen dominated the publication of material in
3080-570: The Late Middle Ages . Out of the 500 most frequently used Danish words, 100 are loans from Middle Low German; this is because Low German was the second official language of Denmark–Norway. In the 17th and 18th centuries, standard German and French superseded Low German influence, and in the 20th century, English became the main supplier of loanwords, especially after World War II . Although many old Nordic words remain, some were replaced with borrowed synonyms, for example æde (to eat)
3190-473: The London Tanker Brokers' Panel (LTBP) . At first, they divided the groups as General Purpose for tankers under 25,000 tons deadweight (DWT); Medium Range for ships between 25,000 and 45,000 DWT and Long Range for the then-enormous ships that were larger than 45,000 DWT. The ships became larger during the 1970s, which prompted rescaling. The system was developed for tax reasons as
3300-523: The Old Norse language ; Danish and Swedish are also classified as East Scandinavian or East Nordic languages. Scandinavian languages are often considered a dialect continuum , where no sharp dividing lines are seen between the different vernacular languages. Like Norwegian and Swedish, Danish was significantly influenced by Low German in the Middle Ages, and has been influenced by English since
3410-522: The Oppama shipyard by Sumitomo Heavy Industries, Ltd. , named Seawise Giant . This ship was built with a capacity of 564,763 DWT , a length overall of 458.45 metres (1,504.1 ft) and a draft of 24.611 metres (80.74 ft). She had 46 tanks, 31,541 square metres (339,500 sq ft) of deck, and at her full load draft, could not navigate the English Channel . Seawise Giant
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3520-671: The Standard Oil Company along with several of her sister ships . After Glückauf was lost in 1893 after being grounded in fog, Standard Oil purchased the sister ships. The 1880s also saw the beginnings of the Asian oil trade. The idea that led to moving Russian oil to the Far East via the Suez Canal was the brainchild of two men: importer Marcus Samuel and shipowner/broker Fred Lane. Prior bids to move oil through
3630-1091: The United States , Canada , Brazil , and Argentina . Along with the other North Germanic languages, Danish is a descendant of Old Norse , the common language of the Germanic peoples who lived in Scandinavia during the Viking Era . Danish, together with Swedish, derives from the East Norse dialect group , while the Middle Norwegian language (before the influence of Danish) and Norwegian Bokmål are classified as West Norse along with Faroese and Icelandic . A more recent classification based on mutual intelligibility separates modern spoken Danish, Norwegian , and Swedish as "mainland (or continental ) Scandinavian", while Icelandic and Faroese are classified as "insular Scandinavian". Although
3740-537: The V-Plus size designation. With the exception of the pipeline, the tanker is the most cost-effective way to move oil today. Worldwide, tankers carry some 2 billion barrels (3.2 × 10 L) annually, and the cost of transportation by tanker amounts to only US$ 0.02 per gallon at the pump. In 1954, Shell Oil developed the "average freight rate assessment" (AFRA) system which classifies tankers of different sizes. To make it an independent instrument, Shell consulted
3850-585: The Volga River . The aft and the stern was put together and then dismantled to make room for the mid-section as the Caspian Sea was reached. In 1883, oil tanker design took a large step forward. Working for the Nobel company, British engineer Colonel Henry F. Swan designed a set of three Nobel tankers. Instead of one or two large holds, Swan's design used several holds which spanned the width, or beam, of
3960-544: The Zealand dialect Introductio ad lingvam Danicam puta selandicam ; and in 1685 the first Danish grammar written in Danish, Den Danske Sprog-Kunst ("The Art of the Danish Language") by Peder Syv . Major authors from this period are Thomas Kingo , poet and psalmist, and Leonora Christina Ulfeldt , whose novel Jammersminde ( Remembered Woes ) is considered a literary masterpiece by scholars. Orthography
4070-402: The introduction of the printing press , a standard language was developed which was based on the educated dialect of Copenhagen and Malmö . It spread through use in the education system and administration, though German and Latin continued to be the most important written languages well into the 17th century. Following the loss of territory to Germany and Sweden, a nationalist movement adopted
4180-579: The 9th century with the younger futhark . Possibly as far back as the seventh century, the common Norse language began to undergo changes that did not spread to all of Scandinavia, resulting in the appearance of two dialect areas, Old West Norse ( Norway and Iceland ) and Old East Norse ( Denmark and Sweden ). Most of the changes separating East Norse from West Norse started as innovations in Denmark, that spread through Scania into Sweden and by maritime contact to southern Norway. A change that separated Old East Norse (Runic Swedish/Danish) from Old West Norse
4290-531: The Danish language, and also started a period of homogenization, whereby the Copenhagen standard language gradually displaced the regional vernacular languages. Throughout the 19th century, Danes emigrated, establishing small expatriate communities in the Americas, particularly in the United States, Canada, and Argentina, where memory and some use of Danish remains today. After the Schleswig referendum in 1920 ,
4400-517: The Danish language. Herrer og Narre have frit Sprog . "Lords and jesters have free speech." Peder Syv , proverbs Following the first Bible translation, the development of Danish as a written language , as a language of religion, administration, and public discourse accelerated. In the second half of the 17th century, grammarians elaborated grammars of Danish, first among them Rasmus Bartholin 's 1657 Latin grammar De studio lingvæ danicæ ; then Laurids Olufsen Kock 's 1660 grammar of
4510-407: The Danish tongue." Heimskringla by Snorri Sturluson By the eighth century, the common Germanic language of Scandinavia, Proto-Norse , had undergone some changes and evolved into Old Norse . This language was generally called the "Danish tongue" ( Dǫnsk tunga ), or "Norse language" ( Norrœnt mál ). Norse was written in the runic alphabet , first with the elder futhark and from
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4620-530: The Greek Hellespont Steamship Corporation. Hellespont sold these ships to Overseas Shipholding Group and Euronav in 2004. Each of the sister ships has a capacity of over 441,500 DWT , a length overall of 380.0 metres (1,246.7 ft) and a cargo capacity of 3,166,353 barrels (503,409,900 L). They were the first ULCCs to be double-hulled. To differentiate them from smaller ULCCs, these ships are sometimes given
4730-576: The Marine Board of the National Academy of Sciences conducted a survey of industry experts regarding the pros and cons of double-hull design. Some of the advantages of the double-hull design that were mentioned include ease of ballasting in emergency situations, reduced practice of saltwater ballasting in cargo tanks decreases corrosion, increased environmental protection, cargo discharge is quicker, more complete and easier, tank washing
4840-806: The Nordic countries have the opportunity to use their native language when interacting with official bodies in other Nordic countries without being liable for any interpretation or translation costs. Oil tanker An oil tanker , also known as a petroleum tanker , is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers . Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries . Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets. Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of
4950-595: The Offshore space. In 2004, Teekay entered LNG shipping business with acquisition of Naviera Tapias, and publicly listed Teekay LNG Partners on the New York Stock Exchange in 2005. Teekay LNG Partners expanded business in 2005 after being awarded major long-term LNG contracts in Qatar and Indonesia . A short time after October 2011, Teekay acquired Maersk 's LNG carrier business of eight vessels in
5060-710: The Old Norse word for "island". This monophthongization started in Jutland and spread eastward, having spread throughout Denmark and most of Sweden by 1100. Through Danish conquest, Old East Norse was once widely spoken in the northeast counties of England . Many words derived from Norse, such as "gate" ( gade ) for street, still survive in Yorkshire , the East Midlands and East Anglia, and parts of eastern England colonized by Danish Vikings . The city of York
5170-755: The Suez Canal contributed, as did nationalization of Middle East oil refineries . Fierce competition among shipowners also played a part. But apart from these considerations is a simple economic advantage: the larger an oil tanker is, the more cheaply it can move crude oil, and the better it can help meet growing demands for oil. In 1955 the world's largest supertanker was 30,708 GRT and 47,500 LT DWT : SS Spyros Niarchos launched that year by Vickers Armstrongs Shipbuilders Ltd in England for Greek shipping magnate Stavros Niarchos . In 1958 United States shipping magnate Daniel K. Ludwig broke
5280-512: The United Kingdom consumed about 1.6 million barrels (250,000 m ) of oil per day in 2009. ULCCs commissioned in the 1970s were the largest vessels ever built, but have all now been scrapped. A few newer ULCCs remain in service, none of which are more than 400 meters long. Because of their size, supertankers often cannot enter port fully loaded. These ships can take on their cargo at offshore platforms and single-point moorings . On
5390-456: The United States and the United Kingdom only had 59 and 27 registered oil tankers, respectively. In 2005, the average age of oil tankers worldwide was 10 years. Of these, 31.6% were under 4 years old and 14.3% were over 20 years old. In 2005, 475 new oil tankers were built, accounting for 30.7 million DWT . The average size for these new tankers was 64,632 DWT . Nineteen of these were VLCC size, 19 were Suezmax, 51 were Aframax, and
5500-644: The acquisition of Petrojarl ASA. In 2008, Teekay acquired all remaining shares of the company. In 2005 the company purchased the shuttle tanker Rita Knutsen . This was followed in 2007, with the Russian tanker Che Guevara which was subsequently converted into the FPSO ; Petrojarl Cidade de Rio das Ostras . In 2006, Petrojarl ASA was demerged from Petroleum Geo-Services and listed on the Oslo Stock Exchange . Teekay acquired majority ownership in
5610-600: The area, eventually outnumbering the Danish speakers. The political loss of territory sparked a period of intense nationalism in Denmark, coinciding with the so-called " Golden Age " of Danish culture. Authors such as N.F.S. Grundtvig emphasized the role of language in creating national belonging. Some of the most cherished Danish-language authors of this period are existential philosopher Søren Kierkegaard and prolific fairy tale author Hans Christian Andersen . The influence of popular literary role models, together with increased requirements of education did much to strengthen
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#17327835336335720-534: The canal had been rejected by the Suez Canal Company as being too risky. Samuel approached the problem a different way: asking the company for the specifications of a tanker it would allow through the canal. Armed with the canal company's specifications, Samuel ordered three tankers from William Gray & Company in northern England. Named Murex , Conch and Clam , each had a capacity of 5,010 long tons of deadweight. These three ships were
5830-487: The cargo tanks, and sometimes between individual tanks. A pumproom houses all the pumps connected to a tanker's cargo lines. Some larger tankers have two pumprooms. A pumproom generally spans the total breadth of the ship. A major component of tanker architecture is the design of the hull or outer structure. A tanker with a single outer shell between the product and the ocean is said to be "single-hulled". Most newer tankers are " double hulled ", with an extra space between
5940-482: The cargo to expand and contract due to temperature changes, and providing a method to ventilate the tanks. The first successful oil tanker was Zoroaster , built by Sven Alexander Almqvist in Motala Verkstad , which carried its 246 metric tons (242 long tons ) of kerosene cargo in two iron tanks joined by pipes. One tank was forward of the midships engine room and the other was aft. The ship also featured
6050-489: The charterer. Time charter arrangements specify a daily rate, and port costs and voyage expenses are also generally paid by the charterer. The Worldwide Tanker Normal Freight Scale, often referred to as Worldscale, is established and governed jointly by the Worldscale Associations of London and New York. Worldscale establishes a baseline price for carrying a metric ton of product between any two ports in
6160-519: The company had 34 steam-driven oil tankers, compared to Standard Oil's four case-oil steamers and 16 sailing tankers. Until 1956, tankers were designed to be able to navigate the Suez Canal. This size restriction became much less of a priority after the closing of the canal during the Suez Crisis of 1956. Forced to move oil around the Cape of Good Hope , shipowners realized that bigger tankers were
6270-612: The company in December 2006 and Petrojarl ASA subsequently became Teekay Petrojarl ASA . In September 2017, Brookfield Business partners LP completed a $ 640 million equity investment in Teekay Offshore Partners L.P., acquiring 60% of the common units of Teekay Offshore. In April 2019, Teekay sold all remaining interests in Teekay Offshore to Brookfield for a further $ 100 million, signaling their exit from
6380-416: The crew and maintaining the vessel. Finally, in a contract of affreightment or COA, the charterer specifies a total volume of cargo to be carried in a specific time period and in specific sizes, for example a COA could be specified as 1 million barrels (160,000 m ) of JP-5 in a year's time in 25,000-barrel (4,000 m ) shipments. One of the key aspects of any charter party is the freight rate , or
6490-499: The demand for new ships started to grow, resulting in 2007 in a record breaking order backlog for shipyards, exceeding their capacity with rising newbuilding prices as a result. This resulted in a glut of ships when demand dropped due to a weakened global economy and dramatically reduced demand in the United States. The charter rate for very large crude carriers, which carry two million barrels of oil, had peaked at $ 309,601 per day in 2007 but had dropped to $ 7,085 per day by 2012, far below
6600-508: The exclusive use of rigsdansk , the High Copenhagen Standard, in national broadcasting, the traditional dialects came under increased pressure. In the 20th century, they have all but disappeared, and the standard language has extended throughout the country. Minor regional pronunciation variation of the standard language, sometimes called regionssprog ("regional languages") remain, and are in some cases vital. Today,
6710-458: The fact that they were generally used only once. The expense was significant: for example, in the early years of the Russian oil industry, barrels accounted for half the cost of petroleum production. In 1863, two sail-driven tankers were built on England's River Tyne . These were followed in 1873 by the first oil-tank steamer, Vaderland (Fatherland), which was built by Palmers Shipbuilding and Iron Company for Belgian owners. The vessel's use
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#17327835336336820-451: The first English-language grammar of Danish. Literary Danish continued to develop with the works of Ludvig Holberg , whose plays and historical and scientific works laid the foundation for the Danish literary canon. With the Danish colonization of Greenland by Hans Egede , Danish became the administrative and religious language there, while Iceland and the Faroe Islands had the status of Danish colonies with Danish as an official language until
6930-400: The first modern commercial exploitation dates back to James Young 's manufacture of paraffin in 1850. In the early 1850s, oil began to be exported from Upper Burma, then a British colony. The oil was moved in earthenware vessels to the river bank where it was then poured into boat holds for transportation to Britain. In the 1860s, Pennsylvania oil fields became a major supplier of oil, and
7040-572: The first tankers of the Tank Syndicate, forerunner of today's Royal Dutch Shell company. With facilities prepared in Jakarta , Singapore , Bangkok , Saigon , Hong Kong , Shanghai , and Kobe , the fledgling Shell company was ready to become Standard Oil's first challenger in the Asian market. On August 24, 1892, Murex became the first tanker to pass through the Suez Canal . By the time Shell merged with Royal Dutch Petroleum in 1907,
7150-426: The history of Danish into a period from 800 AD to 1525 to be "Old Danish", which he subdivided into "Runic Danish" (800–1100), Early Middle Danish (1100–1350) and Late Middle Danish (1350–1525). Móðir Dyggva var Drótt, dóttir Danps konungs, sonar Rígs er fyrstr var konungr kallaðr á danska tungu . " Dyggvi 's mother was Drott, the daughter of king Danp, Ríg 's son, who was the first to be called king in
7260-547: The hull and the storage tanks. Hybrid designs such as "double-bottom" and "double-sided" combine aspects of single and double-hull designs. All single-hulled tankers around the world will be phased out by 2026, in accordance with the International Convention for the Prevention of Pollution from Ships, 1973 (MARPOL). The United Nations has decided to phase out single hull oil tankers by 2010. In 1998,
7370-473: The key to more efficient transport. While a typical T2 tanker of the World War II era was 162 metres (532 ft) long and had a capacity of 16,500 DWT , the ultra-large crude carriers (ULCC) built in the 1970s were over 400 metres (1,300 ft) long and had a capacity of 500,000 DWT . Several factors encouraged this growth. Hostilities in the Middle East which interrupted traffic through
7480-424: The language as a token of Danish identity, and the language experienced a strong surge in use and popularity, with major works of literature produced in the 18th and 19th centuries. Today, traditional Danish dialects have all but disappeared, though regional variants of the standard language exist. The main differences in language are between generations, with youth language being particularly innovative. Danish has
7590-547: The language of the courts. Since 1997, public authorities have been obliged to follow the official spelling system laid out in the Orthography Law. In the 21st century, discussions have been held with a view to create a law that would make Danish the official language of Denmark. In addition, a noticeable community of Danish speakers is in Southern Schleswig , the portion of Germany bordering Denmark, and
7700-432: The late 19th century, one of the largest oil companies in the world. Ludvig was a pioneer in the development of early oil tankers. He first experimented with carrying oil in bulk on single-hulled barges. Turning his attention to self-propelled tankships, he faced a number of challenges. A primary concern was to keep the cargo and fumes well away from the engine room to avoid fires. Other challenges included allowing for
7810-407: The major varieties of Standard Danish are High Copenhagen Standard, associated with elderly, well to-do, and well educated people of the capital, and low Copenhagen speech traditionally associated with the working class, but today adopted as the prestige variety of the younger generations. Also, in the 21st century, the influence of immigration has had linguistic consequences, such as the emergence of
7920-422: The mid-20th century. Moders navn er vort Hjertesprog, kun løs er al fremmed Tale. Det alene i mund og bog, kan vække et folk af dvale. "Mother's name is our hearts' tongue, only idle is all foreign speech It alone, in mouth or in book, can rouse a people from sleep." N.F.S. Grundtvig , "Modersmaalet" Following the loss of Schleswig to Germany, a sharp influx of German speakers moved into
8030-438: The operating costs of these ships. As a result, several tanker operators laid up their ships. Prices rose significantly in 2015 and early 2016, but delivery of new tankers was projected to keep prices in check. Owners of large oil tanker fleets include Teekay Corporation , A P Moller Maersk , DS Torm , Frontline , MOL Tankship Management , Overseas Shipholding Group , and Euronav . In 2005, oil tankers made up 36.9% of
8140-430: The other end of the journey, they often pump their cargo off to smaller tankers at designated lightering points off-coast. Supertanker routes are typically long, requiring them to stay at sea for extended periods, often around seventy days at a time. The act of hiring a ship to carry cargo is called chartering. (The contract itself is known as a charter party . ) Tankers are hired by four types of charter agreements:
8250-425: The past, ships of the smaller Aframax and Suezmax classes are no longer regarded as supertankers. "Supertankers" are the largest oil tankers, and the largest mobile man-made structures. They include very large and ultra-large crude carriers (VLCCs and ULCCs – see above) with capacities over 250,000 DWT. These ships can transport 2,000,000 barrels (320,000 m ) of oil/318,000 metric tons. By way of comparison,
8360-581: The price specified for carriage of cargo. The freight rate of a tanker charter party is specified in one of four ways: by a lump sum rate, by rate per ton, by a time charter equivalent rate, or by Worldscale rate. In a lump sum rate arrangement, a fixed price is negotiated for the delivery of a specified cargo, and the ship's owner/operator is responsible to pay for all port costs and other voyage expenses. Rate per ton arrangements are used mostly in chemical tanker chartering, and differ from lump sum rates in that port costs and voyage expenses are generally paid by
8470-528: The record of 100,000 long tons of heavy displacement. His Universe Apollo displaced 104,500 long tons, a 23% increase from the previous record-holder, Universe Leader which also belonged to Ludwig. The first tanker over 100,000 dwt built in Europe was the British Admiral . The ship was launched at Barrow-in-Furness in 1965 by Elizabeth II . The world's largest supertanker was built in 1979 at
8580-788: The rest consisted of refined petroleum products. This amounted to 34.1% of all seaborne trade for the year. Combining the amount carried with the distance it was carried, oil tankers moved 11,705 billion metric-ton-miles of oil in 2005. By comparison, in 1970 1.44 billion metric tons of oil were shipped by tanker. This amounted to 34.1% of all seaborne trade for that year. In terms of amount carried and distance carried, oil tankers moved 6,487 billion metric-ton-miles of oil in 1970. The United Nations also keeps statistics about oil tanker productivity, stated in terms of metric tons carried per metric ton of deadweight as well as metric-ton-miles of carriage per metric ton of deadweight. In 2005, for each 1 DWT of oil tankers, 6.7 metric tons of cargo
8690-434: The rest were smaller designs. By comparison, 8.0 million DWT , 8.7 million DWT , and 20.8 million DWT worth of oil tanker capacity was built in 1980, 1990, and 2000 respectively. Ships are generally removed from the fleet through a process known as scrapping . Ship-owners and buyers negotiate scrap prices based on factors such as the ship's empty weight (called light ton displacement or LDT) and prices in
8800-488: The scrap metal market. In 1998, almost 700 ships went through the scrapping process at shipbreakers in places such as Gadani , Alang and Chittagong . In 2004 and 2005, 7.8 million DWT and 5.7 million DWT respectively of oil tankers were scrapped. Between 2000 and 2005, the capacity of oil tankers scrapped each year has ranged between 5.6 million DWT and 18.4 million DWT . In this same timeframe, tankers have accounted for between 56.5% and 90.5% of
8910-472: The shared written standard language remained). With the introduction of absolutism in 1660, the Danish state was further integrated, and the language of the Danish chancellery, a Zealandic variety with German and French influence, became the de facto official standard language , especially in writing—this was the original so-called rigsdansk ("Danish of the Realm"). Also, beginning in the mid-18th century,
9020-421: The ship. These holds were further subdivided into port and starboard sections by a longitudinal bulkhead. Earlier designs suffered from stability problems caused by the free surface effect , where oil sloshing from side to side could cause a ship to capsize. But this approach of dividing the ship's storage space into smaller tanks virtually eliminated free-surface problems. This approach, almost universal today,
9130-572: The supply and demand of oil as well as the supply and demand of oil tankers. Some particular variables include winter temperatures, excess tanker tonnage, supply fluctuations in the Persian Gulf , and interruptions in refinery services. In 2006, time-charters tended towards long term. Of the time charters executed in that year, 58% were for a period of 24 or more months, 14% were for periods of 12 to 24 months, 4% were from 6 to 12 months, and 24% were for periods of less than 6 months. From 2003,
9240-713: The system is still used today. Besides that, there is the flexible market scale, which takes typical routes and lots of 500,000 barrels (79,000 m ). Merchant oil tankers carry a wide range of hydrocarbon liquids ranging from crude oil to refined petroleum products. Crude carriers are among the largest, ranging from 55,000 DWT Panamax -sized vessels to ultra-large crude carriers (ULCCs) of over 440,000 DWT. Smaller tankers, ranging from well under 10,000 DWT to 80,000 DWT Panamax vessels, generally carry refined petroleum products, and are known as product tankers. The smallest tankers, with capacities under 10,000 DWT generally work near-coastal and inland waterways. Although they were in
9350-584: The tax authorities wanted evidence that the internal billing records were correct. Before the New York Mercantile Exchange started trading crude oil futures in 1983, it was difficult to determine the exact price of oil, which could change with every contract. Shell and BP , the first companies to use the system, abandoned the AFRA system in 1983, later followed by the US oil companies. However,
9460-486: The three languages can often understand the others fairly well, though studies have shown that the mutual intelligibility is asymmetric: Norwegian speakers generally understand both Danish and Swedish far better than Swedes or Danes understand each other. Concomitantly, Swedes and Danes understand Norwegian better than they understand each other's languages. Norwegian occupies the middle position in terms of intelligibility because of its shared border with Sweden, resulting in
9570-445: The turn of the 20th century. Danish itself can be divided into three main dialect areas: Jutlandic (West Danish), Insular Danish (including the standard variety), and East Danish (including Bornholmian and Scanian ). According to the view that Scandinavian is a dialect continuum, East Danish can be considered intermediary between Danish and Swedish, while Scanian can be considered a Swedified East Danish dialect, and Bornholmian
9680-411: The vernacular language to be accessible also to those who were not Latinate. The Jutlandic Law and Scanian Law were written in vernacular Danish in the early 13th century. Beginning in 1350, Danish began to be used as a language of administration, and new types of literature began to be written in the language, such as royal letters and testaments. The orthography in this period was not standardized nor
9790-469: The vernacular, such as the plural form of verbs, should be conserved in writing (i.e. han er "he is" vs. de ere "they are"). The East Danish provinces were lost to Sweden after the Second Treaty of Brömsebro (1645) after which they were gradually Swedified; just as Norway was politically severed from Denmark, beginning also a gradual end of Danish influence on Norwegian (influence through
9900-466: The vessel hull instead of being loaded in barrels or drums. It was also the first tanker with a horizontal bulkhead; its features included cargo valves operable from the deck, cargo main piping, a vapor line, cofferdams for added safety, and the ability to fill a ballast tank with seawater when empty of cargo. The ship was built in Britain, and was purchased by Wilhelm Anton Riedemann, an agent for
10010-424: The voyage charter, the time charter, the bareboat charter , and contract of affreightment . In a voyage charter the charterer rents the vessel from the loading port to the discharge port. In a time charter the vessel is hired for a set period of time, to perform voyages as the charterer directs. In a bareboat charter the charterer acts as the ship's operator and manager, taking on responsibilities such as providing
10120-516: The whore-bed with another man's wife and he comes away alive..." Jutlandic Law, 1241 In the medieval period, Danish emerged as a separate language from Swedish. The main written language was Latin, and the few Danish-language texts preserved from this period are written in the Latin alphabet, although the runic alphabet seems to have lingered in popular usage in some areas. The main text types written in this period are laws, which were formulated in
10230-492: The word by , meaning ‘village’ or ‘town’, occurs in many English place-names, such as Whitby and Selby , as remnants of the Viking occupation . During that period English adopted ‘are’, the third person plural form of the verb ‘to be’, as well as the personal pronouns ‘they’, ‘them’ and ‘their’ from contemporary Old Norse. Danish is largely mutually intelligible with Norwegian and Swedish . A proficient speaker of any of
10340-401: The world's fleet in terms of deadweight tonnage. The world's total oil tankers deadweight tonnage has increased from 326.1 million DWT in 1970 to 960.0 million DWT in 2005. The combined deadweight tonnage of oil tankers and bulk carriers, represents 72.9% of the world's fleet. In 2005, 2.42 billion metric tons of oil were shipped by tanker. 76.7% of this was crude oil, and
10450-610: The world's total scrapped ship tonnage. In this period the average age of scrapped oil tankers has ranged from 26.9 to 31.5 years. In 2005, the price for new oil tankers in the 32,000–45,000 DWT , 80,000–105,000 DWT , and 250,000–280,000 DWT ranges were $ 43 million, $ 58 million, and $ 120 million respectively. In 1985 these vessels would have cost $ 18 million, $ 22 million, and $ 47 million respectively. Oil tankers are often sold second hand. In 2005, 27.3 million DWT worth of oil tankers were sold used. Some representative prices for that year include $ 42.5 million for
10560-490: The world. In Worldscale negotiations, operators and charterers will determine a price based on a percentage of the Worldscale rate. The baseline rate is expressed as WS 100. If a given charter party settled on 85% of the Worldscale rate, it would be expressed as WS 85. Similarly, a charter party set at 125% of the Worldscale rate would be expressed as WS 125. The market is affected by a wide variety of variables such as
10670-489: The written languages are compatible, spoken Danish is distinctly different from Norwegian and Swedish and thus the degree of mutual intelligibility with either is variable between regions and speakers . Until the 16th century, Danish was a continuum of dialects spoken from Southern Jutland and Schleswig to Scania with no standard variety or spelling conventions. With the Protestant Reformation and
10780-492: Was a territory ruled by Denmark–Norway , one of whose official languages was Danish. Though Danish ceased to be an official language in Iceland in 1944, it is still widely used and is a mandatory subject in school, taught as a second foreign language after English. No law stipulates an official language for Denmark, making Danish the de facto official language only. The Code of Civil Procedure does, however, lay down Danish as
10890-457: Was also one of two official languages of Greenland (alongside Greenlandic ). Danish now acts as a lingua franca in Greenland, with a large percentage of native Greenlanders able to speak Danish as a second language (it was introduced into the education system as a compulsory language in 1928). About 10% of the population speaks Danish as their first language , due to immigration. Iceland
11000-731: Was carried. Similarly, each 1 DWT of oil tankers was responsible for 32,400 metric-ton miles of carriage. The main loading ports in 2005 were located in Western Asia, Western Africa, North Africa, and the Caribbean, with 196.3, 196.3, 130.2 and 246.6 million metric tons of cargo loaded in these regions. The main discharge ports were located in North America, Europe, and Japan with 537.7, 438.4, and 215.0 million metric tons of cargo discharged in these regions. International law requires that every merchant ship be registered in
11110-550: Was curtailed by US and Belgian authorities citing safety concerns. By 1871, the Pennsylvania oil fields were making limited use of oil tank barges and cylindrical railroad tank-cars similar to those in use today. The modern oil tanker was developed in the period from 1877 to 1885. In 1876, Ludvig and Robert Nobel , brothers of Alfred Nobel , founded Branobel (short for Brothers Nobel) in Baku , Azerbaijan . It was, during
11220-459: Was delivered in December 2019. In 2021, Teekay announced that Stonepeak Infrastructure Partners would acquire Teekay LNG in a $ 6.2 billion transaction. The transaction closed on January 13, 2022 and the company was rebranded as Seapeak . Teekay currently operates a fleet of conventional tankers , under head offices in Canada , London , Manila , Mumbai , Bermuda and Singapore , along with
11330-441: Was first used by Swan in the Nobel tankers Blesk , Lumen , and Lux . Others point to Glückauf , another design of Colonel Swan, as being the first modern oil tanker. It adopted the best practices from previous oil tanker designs to create the prototype for all subsequent vessels of the type. It was the first dedicated steam-driven ocean-going tanker in the world and was the first ship in which oil could be pumped directly into
11440-488: Was mostly supplanted by the Low German spise . As well as loanwords, new words can be freely formed by compounding existing words. In standard texts of contemporary Danish, Middle Low German loans account for about 16–17% of the vocabulary, Graeco-Latin loans 4–8%, French 2–4% and English about 1%. Danish and English are both Germanic languages. Danish is a North Germanic language descended from Old Norse, and English
11550-627: Was once the Viking settlement of Jorvik. Several other English words derive from Old East Norse, for example "knife" ( kniv ), "husband" ( husbond ), and "egg" ( æg ). The suffix "-by" for 'town' is common in place names in Yorkshire and the east Midlands, for example Selby, Whitby, Derby, and Grimsby. The word "dale" meaning valley is common in Yorkshire and Derbyshire placenames. Fangær man saar i hor seng mæth annæns mansz kunæ. oc kumær han burt liuænd... . "If one catches someone in
11660-496: Was renamed Happy Giant in 1989, Jahre Viking in 1991, and Knock Nevis in 2004 (when she was converted into a permanently moored storage tanker). In 2009 she was sold for the last time, renamed Mont , and scrapped . As of 2011, the world's two largest working supertankers are the TI-class supertankers TI Europe and TI Oceania . These ships were built in 2002 and 2003 as Hellespont Alhambra and Hellespont Tara for
11770-463: Was still not standardized and the principles for doing so were vigorously discussed among Danish philologists. The grammar of Jens Pedersen Høysgaard was the first to give a detailed analysis of Danish phonology and prosody, including a description of the stød . In this period, scholars were also discussing whether it was best to "write as one speaks" or to "speak as one writes", including whether archaic grammatical forms that had fallen out of use in
11880-469: Was the change of the diphthong æi (Old West Norse ei ) to the monophthong e , as in stæin to sten . This is reflected in runic inscriptions where the older read stain and the later stin . Also, a change of au as in dauðr into ø as in døðr occurred. This change is shown in runic inscriptions as a change from tauþr into tuþr . Moreover, the øy (Old West Norse ey ) diphthong changed into ø , as well, as in
11990-474: Was the spoken language, and the regional laws demonstrate the dialectal differences between the regions in which they were written. Throughout this period, Danish was in contact with Low German , and many Low German loan words were introduced in this period. With the Protestant Reformation in 1536, Danish also became the language of religion, which sparked a new interest in using Danish as
12100-620: Was the world's largest flag state for oil tankers, with 528 of the vessels in its registry. Six other flag states had more than 200 registered oil tankers: Liberia (464), Singapore (355), China (252), Russia (250), the Marshall Islands (234) and the Bahamas (209). The Panamanian, Liberian, Marshallese and Bahamian flags are open registries and considered by the International Transport Workers' Federation to be flags of convenience . By comparison,
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