Welcome to the Braemar Shipping Services Glossary. This contains terminology used in the shipping industry.


Term used to describe tanker vessel between 50000 - 79999 dwt (largest vessel size able to fit through Panama Canal

Parcel tanker

Tanker equipped to carry several types of cargo simultaneously.

Product tanker

Tanker that carries refined oil products.

To search the glossary please click A-Z to browse by initial, or click 'ALL'. Initials that have no glossary entries are greyed out.

AMEG: Middle East Gulf
USAC: US Atlantic Coast
USG: US Gulf
WAF: West Africa
TCE: Time Charter Equivalent
WS: Worldscale
TEU: Twenty Foot Equivalent Units