Crude Oil Carriers Market will be Valued at 250.04 Billion USD by the end of 2026 | Global Key Vendors - AET, Teekay, Sovcomflot, Overseas Shipholding Group (OSG), NYK line, Ocean Tankers

Marketprognosis.com Publish a New Market Research Report On “Crude Oil Carriers - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Crude Oil Carriers Market:

The 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. Some of the major factors fuelling 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.

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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.

Geographically, APAC 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.

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Major Key Players:

1 AET

2 Teekay Corporation

3 Sovcomflot Group

4 Overseas Shipholding Group (OSG)

5 OMAN SHIPPING COMPANY S.A.O.C.

6 NYK line

7 Ocean Tankers (pte) Ltd.

8 National Iranian Tanker Company and More…………

Market Segment by Vessel Types:

1 Ultra Large Crude Carriers (ULCC) and Very large crude carriers (VLCC)

2 Suezmax

3 Aframax

4 Panamax

5 Small

6 Medium

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Crude Oil Carriers Market.

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This release was published on openPR.