Crude Oil Carriers Market Worldwide Trends, Estimates and Forecast to 2026
Crude Oil Carriers Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
(EMAILWIRE.COM, October 05, 2018 ) Crude oil can be transported to refineries from manufacture locations by employing crude oil carriers. Other modes of transferring them are pipelines, rail tank cars, tank trucks, and barges. Also dubbed as oil tankers, crude oil carriers transport crude oil in volume from one spot to other. The report provides 360° analysis of Keyword from the view of manufacturers, regions, product types and end industries. The research report analyzes the historical data along with the current performance of the global crude oil carriers market and estimates the future trends and growth opportunities on the basis of this detailed study.
Top key players in global Crude Oil Carriers market are -
Crude oil Carrier include AET, Teekay Corporation, Sovcomflot Group, Overseas Shipholding Group (OSG), OMAN SHIPPING COMPANY S.A.O.C., NYK line, Ocean Tankers (pte) Ltd., National Iranian Tanker Company, Mitsui O.S.K. Lines, Ltd. (MOL)., Maran Tankers Management Inc., Frontline Ltd., Euronav, Dynacom Tankers Management Ltd, China Shipping Development Corp (CSDC), Bahri.
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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. 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.
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.
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Vessel Types Covered:
- Ultra Large Crude Carriers (ULCC) and Very large crude carriers (VLCC)
- Suezmax
- Aframax
- Panamax
- Small
- Medium
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
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
Get more information at: https://www.reportsweb.com/inquiry&RW00012094901/discount
Top key players in global Crude Oil Carriers market are -
Crude oil Carrier include AET, Teekay Corporation, Sovcomflot Group, Overseas Shipholding Group (OSG), OMAN SHIPPING COMPANY S.A.O.C., NYK line, Ocean Tankers (pte) Ltd., National Iranian Tanker Company, Mitsui O.S.K. Lines, Ltd. (MOL)., Maran Tankers Management Inc., Frontline Ltd., Euronav, Dynacom Tankers Management Ltd, China Shipping Development Corp (CSDC), Bahri.
Request sample copy at: https://www.reportsweb.com/inquiry&RW00012094901/sample
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.
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.
Have any query? Enquire about report at: https://www.reportsweb.com/inquiry&RW00012094901/buying
Vessel Types Covered:
- Ultra Large Crude Carriers (ULCC) and Very large crude carriers (VLCC)
- Suezmax
- Aframax
- Panamax
- Small
- Medium
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
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
Get more information at: https://www.reportsweb.com/inquiry&RW00012094901/discount
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results