What does the acronym OBO stand for in shipping terminology?

In shipping terminology, the acronym OBO stands for "Oil Bulk Ore." This designation refers to a type of vessel that is designed to carry both liquid cargo, such as oil, and solid cargo, like bulk ore. These versatile vessels are equipped to handle the distinct requirements for loading and unloading both types of cargo, making them particularly useful in the maritime shipping industry, where the transportation of various commodities is common.

The design and operational features of OBOs enable them to switch efficiently between transporting oil and bulk materials, providing flexibility and economic advantages for shipping companies. This capability is crucial for efficient logistical operations in global trade, where the demand for both oil and mineral resources fluctuates.