Storage of oil: Tankers can also serve as floating storage facilities for crude oil or petroleum products. This allows for the storage of oil in strategic locations, providing flexibility in managing supply and demand fluctuations in the oil market.
Transporting other liquids and gases: While primarily designed for oil and petroleum products, some tankers are also used to transport other liquids and gases, such as chemicals, vegetable oils, and liquefied natural gas (LNG). This versatility expands their utility beyond the oil and gas industry.
Supporting offshore operations: Tankers play a vital role in supporting offshore oil and gas operations by transporting supplies, fuel, and equipment to offshore platforms and rigs. They also provide storage and transportation of produced crude oil from offshore installations.
Strategic military assets: In addition to commercial purposes, tankers can be used as strategic military assets during wartime or other emergencies. They provide the ability to transport fuel and supplies to military vessels and bases, ensuring operational readiness.
