AFRAMAX
Aframax (Average Freight Rate Assessment Maximum) is a class of crude oil tanker typically ranging from 80,000 to 120,000 DWT. Designed to optimize port access and freight economics, Aframax vessels primarily transport crude oil on regional and medium-haul routes and represent one of the most active segments of the global tanker market.
AIS
Automatic Identification System (AIS) is a vessel tracking technology that broadcasts a ship's identity, position, speed, destination and other navigational data. AIS is widely used by shipowners, charterers and investors to monitor fleet movements, trading patterns and operational activity in real time.
Alpha
Alpha refers to the excess return generated above a relevant benchmark after adjusting for risk. In shipping investments, alpha is typically created through superior asset selection, market timing, operational expertise or value-enhancing investment strategies rather than general market appreciation.
Asset Play
An asset play is an investment strategy that aims to generate returns primarily through changes in a vessel's market value rather than operating income. Investors seek to acquire ships at attractive valuations and exit when vessel prices appreciate during favorable shipping cycles.
AUM
Assets Under Management (AUM) represents the total market value of assets managed or administered by an investment platform or manager. It is commonly used as a measure of scale and reflects the capital entrusted by investors across active investment opportunities.
Average Daily Rate (ADR)
Average Daily Rate (ADR) measures the average revenue a vessel earns per operating day over a given period. It is a key indicator of commercial performance and is often compared across vessels, sectors and market cycles.