Double-hulled tanker Double-hulled tanker A double-hulled tanker refers to an oil tanker which has a double hull. They reduce the likelihood of leaks occurring than in single-hulled tankers, and their ability to prevent or reduce oil spills led to double hulls being standardized for oil tankers and other types of ships including by the International Convention for the Prevention of Pollution from Ships or MARPOL Convention. After the Exxon Valdez oil spill disaster in Alaska in 1989, the US Government required all new oil tankers built for use between US ports to be equipped with a full double hull. A number of
Oil tanker two million barrels of oil, had peaked at $309,601 per day in 2007, and has dropped, as of 2012, to $7,085 per day, far below 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 the world's fleet in terms of deadweight