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Global Crude Oil Carriers Market is accounted for $172.67 billion in 2017 and is expected to reach $250.04 billion by 2026 growing at a CAGR of 4.1% during the forecast period.
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Some of the major factors fueling the market include increasing demand for bulk oil transportation services and facilities, rapid industrialization longer hauls and less triangulation options to reduce ballasting. In addition to this, lower costs of bunker fuels and trending of low global oil prices. However concerns regarding seasonal variations and high logistics expenditure are hampering the market growth.
Some Of The Key Players In Crude Oil Carriers Market Include:
- PAO Sovcomflot
- Overseas Shipholding Group
- Oman Shipping Company
- NYK Line
- SEAGULL PTE. LTD.
- Mitsui & Co., Ltd.
- MOL Group
- MOL (America) Inc.
- Maran Tankers Management Inc.
- Frontline Energy
- China Shipping South America Holding Ltda
- Bahri | البحري
On the basis of Vessel type, Very large crude carrier and ultra large crude carrier are known as super tankers. Its role and scope becomes far more feasible as they help to transport huge quantities of crude oil across the oceans and seas as they can carry huge quantities of crude oil in bulk, therefore economies of scale can be greatly realized. ULCCs and VLCCs have extremely high carrying capacity of over 250,000 DWT, allowing crude transportation of upto 550,000 DWT.
Asia Pacific witnessed largest market share as they own and operate most of the crude oil carriers. North America is also expected to present profitable opportunities for carriers over the forecast period owing to high crude oil production in the U.S, mainly in the states of Texas, North Dakota, and California as well as in the Gulf of Mexico.
Vessel Types Covered:
- Ultra Large Crude Carriers (ULCC) and Very large crude carriers (VLCC)
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Major Table of Contents:
1 Crude Oil Carriers Market Overview
2 Global Crude Oil Carriers Competitions by Players
3 Global Crude Oil Carriers Competitions by Types
4 Global Crude Oil Carriers Competitions by Applications
5 Global Crude Oil Carriers Production Market Analysis by Regions
6 Global Crude Oil Carriers Sales Market Analysis by Region
7 Imports and Exports Market Analysis
8 Global Crude Oil Carriers Players Profiles and Sales Data
9 Crude Oil Carriers Upstream and Downstream Analysis
10 Global Crude Oil Carriers Market Forecast (2018-2023)
11 Research Findings and Conclusion
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What Our Report Offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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