Press release
Tanker Shipping Market to Reach USD 5.02 Billion by 2030 | Driven by Rising Crude Oil Trade, Expanding Global Commerce & Fleet Modernization
Tanker Shipping Market
Market Overview
Tanker shipping plays a critical role in global trade by enabling the transportation of bulk liquids such as crude oil, refined petroleum products, liquefied petroleum gas (LPG), liquefied natural gas (LNG), chemicals, and specialty fluids. These shipments are primarily conducted via sea routes using large-scale vessels including VLCCs, ULCCs, Suezmax, and Medium Range tankers.
As globalization accelerates and emerging economies increase energy consumption, tanker shipping continues to be the most economical and scalable solution for long-distance liquid transport. Rising commodity trade volumes, expanding offshore production, and improvements in shipbuilding technologies are collectively transforming the tanker shipping ecosystem.
Unlock Insights: Request a Free Sample of Our Latest Report Now @ https://www.maximizemarketresearch.com/request-sample/103048/
Market Size Outlook
Base Year (2023): US$ 3.34 Billion
Forecast Period: 2024-2030
Projected Market Size (2030): US$ 5.02 Billion
Forecast CAGR: 6%
Market Segmentation
By Tanker Type / Tonnage
Ultra Large Crude Carriers (ULCC)
Very Large Crude Carriers (VLCC)
Suezmax
Large Range 2 (LR2)
Large Range 1 (LR1)
Medium Range 2 (MR2)
Medium Range 1 (MR1)
Intermediate Tankers
Small Tankers
By Fluid Type
Crude Oil
Fuel
Vegetable Oil
CNG
LPG
Wine
Molasses
Others
By Shipment Route
Coastal
Deep Sea
Inland
Access Premium Market Insights, click on the link: https://www.maximizemarketresearch.com/market-report/global-tanker-shipping-market/103048/
Market Key Growth Drivers
Rising Global Crude Oil & Energy Demand
Increasing energy consumption in developing economies is driving higher crude oil and refined fuel transportation needs, strengthening tanker shipping demand worldwide.
Expansion of Global Commodity Trade
The steady rise in international trade of chemicals, fuels, and industrial liquids is boosting demand for high-capacity tanker fleets.
Shipbuilding & Fleet Modernization
Investments in advanced tanker designs with improved fuel efficiency, safety systems, and emissions compliance are enhancing operational performance.
Cost-Efficient Bulk Transportation
Tanker shipping remains the most economical mode for transporting large volumes of liquid cargo over long distances.
Market Challenges
Environmental Regulations
Stringent international emission and ballast water management regulations increase compliance costs for shipping operators.
Market Oversupply
Excess tanker capacity relative to demand continues to exert pressure on freight rates and profitability.
Volatile Oil Prices
Fluctuations in crude oil prices directly affect shipping demand, freight charges, and operational margins.
Segment Insights
VLCCs Dominate the Market
Very Large Crude Carriers lead the tanker shipping market due to their ability to transport massive crude volumes efficiently across long-haul routes. Growth in Middle East-Asia and Middle East-North America trade corridors continues to support VLCC demand.
Crude Oil & LPG Lead by Fluid Type
Crude oil remains the most transported commodity globally, followed by LPG, supported by rising fuel consumption and energy diversification strategies.
Inland Sea Routes Gain Traction
Strategic routes such as the Suez Canal enable faster, cost-effective shipping, making inland routes increasingly preferred for tanker operations.
Regional Insights
Asia Pacific dominates the tanker shipping market, accounting for over 50% of global demand, driven by high crude oil imports, industrial growth, and expanding manufacturing activity in China, India, and Japan.
Europe is the fastest-growing region, supported by established shipping routes, strong maritime infrastructure, and key shipping operators.
North America maintains a significant share due to high trade volumes, favorable transportation policies, and advanced tanker manufacturing capabilities.
Competitive Landscape
The report provides a detailed analysis of market leaders, followers, and new entrants, highlighting financial performance, fleet portfolios, regional presence, and growth strategies.
Key Players Include:
Nordic Tankers
Tokyo Marine
MISC
Navig8 Chemicals
IINO KAIUN KAISHA
Stolt-Nielsen
Euronav
AET Tankers
Mitsui O.S.K. Lines
Teekay
Odfjell
Sinochem
Hansa Tankers
MTMM
Chembulk
Koyo Kaiun
Need More Information? Inquire About additional details here @ https://www.maximizemarketresearch.com/request-sample/103048/
Report Scope & Methodology
The report includes comprehensive PORTER, PESTEL, and COVID-19 impact analyses, offering strategic insights for investors, policymakers, and industry stakeholders. Market dynamics, trends, and forecasts are presented in clear and accessible language to support informed decision-making.
Frequently Asked Questions (FAQs)
What is the expected market size of the Tanker Shipping Market by 2030?
The market is expected to reach US$ 5.02 Billion by 2030.
What is the growth rate of the Tanker Shipping Market?
The market is projected to grow at a CAGR of 6% from 2024 to 2030.
Which region leads the Tanker Shipping Market?
Asia Pacific holds the largest market share, followed by Europe and North America.
What are the key growth drivers?
Rising crude oil demand, global commodity trade, fleet modernization, and cost-efficient bulk transportation.
What is the study period of the report?
The market is studied from 2018 to 2030, with 2023 as the base year.
Related Reports:
Budgeting Software Market
https://www.maximizemarketresearch.com/market-report/budgeting-software-market/198254/
Global Data Center Energy Management Solution Market
https://www.maximizemarketresearch.com/market-report/global-data-center-energy-management-solution-market/103538/
Application Platform Market
https://www.maximizemarketresearch.com/market-report/global-application-platform-market/28018/
Virtual Production Market
https://www.maximizemarketresearch.com/market-report/global-virtual-production-market/109796/
Asia Pacific Hosted PBX Market
https://www.maximizemarketresearch.com/market-report/asia-pacific-hosted-pbx-market/8021/
Contact Information:
Maximize Market Research Pvt. Ltd.
2nd Floor, Navale IT Park Phase 3,
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
📞 +91 9607365656
📧 sales@maximizemarketresearch.com
About Maximize Market Research
Maximize Market Research is a fast-growing global market research and business consulting firm serving Fortune 500 companies and emerging enterprises. The firm delivers data-driven insights across industries including energy, transportation, IT & telecom, healthcare, aerospace & defense, chemicals, and consumer goods.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tanker Shipping Market to Reach USD 5.02 Billion by 2030 | Driven by Rising Crude Oil Trade, Expanding Global Commerce & Fleet Modernization here
News-ID: 4360805 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Loyalty Management Market Size & Growth Analysis: 15.3% CAGR Driving USD 31.56 B …
Loyalty Management Market Industry Overview & Growth Outlook
Market Overview
The Loyalty Management Market is witnessing robust growth as organizations across industries increasingly prioritize customer retention, engagement, and lifetime value. Loyalty management is a strategic framework that enables businesses to identify, engage, and reward customers through structured loyalty programs, personalized incentives, and omnichannel experiences. By leveraging customer data, analytics, and digital platforms, companies are building long-term relationships that enhance brand affinity and…
Transportation Management System (TMS) Market Poised for Rapid Expansion, Expect …
The Transportation Management System (TMS) market is witnessing robust growth as businesses worldwide accelerate digital transformation across logistics and supply chain operations. Valued at USD 12.72 billion in 2023, the market is projected to expand at a CAGR of 18.24% from 2024 to 2030, reaching an estimated USD 41.10 billion by 2030. This strong growth reflects the increasing need for real-time visibility, cost optimization, regulatory compliance, and efficient freight movement…
Web 3.0 Market: An Overview of Key Players and Competitive Landscape
The Web 3.0 Market size was valued at US$ 10.43 Billion in 2023, and the total Web 3.0 revenue is expected to grow at a CAGR of 35.4% from 2024 to 2030, reaching nearly US$ 87.09 Billion by 2030.
The Web 3.0 Market is witnessing rapid growth as individuals, enterprises, and governments increasingly shift toward decentralized, secure, and user-centric internet technologies. Web 3.0 represents the next evolution of the internet, enabling…
Growing LoRa and LoRaWAN IoT Market: An In-Depth Analysis of Trends, Drivers, an …
The LoRa and LoRaWAN Market size was valued at USD 3.66 Trillion in 2023, and the total market revenue is expected to reach USD 4.12 Trillion by 2030, growing at a CAGR of 1.7% during the forecast period. The market's steady expansion reflects the rising adoption of low-power wide-area network (LPWAN) technologies across a broad range of IoT applications worldwide.
The LoRa and LoRaWAN IoT market is witnessing significant momentum, supported…
More Releases for Tanker
Tanker Aircraft Market Size Analysis by Application, Type, and Region: Forecast …
According to Market Research Intellect, the global Tanker Aircraft market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The tanker aircraft market is experiencing robust growth, driven by the increasing need for extended aerial operations and enhanced…
IMO-1 Chemical Tanker to Dominate the Global Chemical Tanker Market Share During …
250 Pages Chemical Tanker Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Chemical Tanker. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with…
IMO-1 Chemical Tanker to Dominate the Global Chemical Tanker Market Share Throug …
Global sales of the chemical tanker in 2018 surpassed 130 units and is anticipated to expand at a moderate pace over the midterm forecast period, according to a recently published study by Fact.MR.
Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/4262/chemical-tanker-market
APAC is estimated to be the leading region accounting for more than 35 percent share (Volume) in the global chemical tanker market, owing to increased seaborne trade…
LNG Tanker Market Report 2018: Segmentation by Product (LPG (Liquefied Petroleum …
Global LNG Tanker market research report provides company profile for Dsme, Mitsui Osk Lines, Nyk Lines, Yamal, Samsung Heavy Industries, Mitsubishi Heavy Industries, Hyundai Heavy Industries and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
H1 2017 Oil Tanker, LNG Carrier, and LPG Tanker Outlook: Eletson to Add Most Pla …
ReportsWorldwide has announced the addition of a new report title "H1 2017 Oil Tanker, LNG Carrier, and LPG Tanker Outlook" to its growing collection of premium market research reports.
About 23 tankers and carriers have been announced globally in H1 2017, of which 11 are crude tankers, eight are LNG carriers and four are LPG tankers. National Shipping Company of Saudi Arabia and Maran Tankers Management Inc. are the top operators…
H1 2017 Oil Tanker, LNG Carrier, and LPG Tanker Outlook: Eletson to Add Most Pla …
"The Report H1 2017 Oil Tanker, LNG Carrier, and LPG Tanker Outlook: Eletson to Add Most Planned LPG Tanker Storage Capacity provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
About 23 tankers and carriers have been announced globally in H1 2017, of which 11 are crude tankers, eight are LNG carriers and four are LPG tankers. National Shipping Company of Saudi Arabia…
