Transparency Market Research Crude Oil Carriers Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024 Published Date 11-March-2016 112 Page Report Buy Now Request Sample Press Release Crude Oil Carriers Market Revenue Anticipated to Reach US$217.0 Bn by 2024:Transparency Market Research Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Crude Oil Carriers Market REPORT DESCRIPTION Crude Oil Carriers Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024 Transparency Market Research has released a new market report titled “ Crude Oil Carriers Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024.” According to this report, the global crude oil carriers market was valued at US$160 Bn in 2015 and is projected to reach US$217 Bn by 2023 at a CAGR of 3.5% from 2016 to 2024. In-depth research report on Crude Oil Carriers Market with Full TOC at : http://www.transparencymarketresearch.com/crude-oil-carriers-market.html Crude oil carriers are designed for the bulk transport of crude oil. Basic types of oil carriers include crude oil carriers and product carriers. Crude oil carriers transport unrefined crude oil from exploration and production facilities to crude oil refineries, while product carriers ship refined products to points close to consuming markets. Coastal tank vessel trades are functioned by crude carriers, tank barges, and product tankers. Crude oil carriers serve the West/Alaska coast crude oil trades. Crude oil carriers are generally referred to as oil tankers which transport crude oil from one location to another. Crude oil carriers are designed for the bulk transportation of oil. Crude oil carrier shipping provides a convenient way of transporting bulk liquid for international seaborne trade. Transportation rates in the shipping industry are determined by time charter equivalent. Oil tankers have become an integral part of the transportation process. In terms of exports, crude oil heads across the Atlantic to Europe, reducing North America’s dependency on crude oil from other regions, such as the Middle East. The crude oil carriers market has been segmented on the basis of vessel type and region. In terms of vessel type, VLCC and ULCC together held about 63% share in 2015; a large number of VLCCs are in operation as compared to other vessels. Suezmax accounted for nearly 14% of the crude oil carriers market in 2015. Aframax accounted for nearly 21% and Panamax accounted for the rest 2% of the market. Demand for crude oil carriers majorly depends on oil product consumers, crude oil production, and refining facilities. The cargo carrying capacity of a crude oil carrier is 90%–95% of its deadweight capacity, depending on the distance to the succeeding bunkering port. Long haul crude oil generates an incentive to build large-sized crude oil carriers. This is expected to lower the shipping costs through economies of scale up to the largest carrier such as ultra large crude carriers (ULCC). The international crude oil carrier fleet utilizes a classification system to establish shipping costs, standardize contract terms, and determine the capability of ships to travel to bunkering ports and through channels and certain straits. This system is known as Average Freight Rate Assessment (AFRA) system and was established by Royal Dutch Shell plc. AFRA system classifies crude oil carriers in terms of deadweight tons (DWT), a measure of a carrier's capacity to carry cargo. A classification used to describe a large portion of the international crude oil carrier fleet is Aframax. Aframax vessels refer to crude oil carriers between 80,000 and 120,000 DWT. The Transparency Market Research 2 Crude Oil Carriers Market international demand for oil from other countries has developed considerably faster than that from Organization for Economic Co-operation and Development (OECD) countries. The crude oil carriers market has been segmented as follows: Crude Oil Carriers Market: By Vessel Type • VLCC/ULCC • Suezmax • Aframax • Panamax Crude Oil Carriers Market: By Region North America • U.S. • Rest of North America Europe • Greece • Belgium • Rest of Europe Asia Pacific Transparency Market Research 3 Crude Oil Carriers Market • China • South Korea • Singapore • Japan • Malaysia • Rest of Asia Pacific Rest of World • Iran • Saudi Arabia • Others To Get More Details : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=2046 TABLE OF CONTENT Section 1 Preface Report Description Market Segmentation Research Scope Research Methodology Transparency Market Research 4 Crude Oil Carriers Market Section 2 Executive Summary Executive Summary Section 3 Industry Analysis Introduction Value Chain Analysis Market Dynamics Market Drivers Market Restrains Market Opportunities Porter’s Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of Substitutes Threat of New Entrants Degree of Competition Company Market Share- Crude Oil Carriers Market, 2014 Market Attractiveness Analysis- Crude Oil Carriers Market, By Region Transparency Market Research 5 Crude Oil Carriers Market Section 4 Global Crude Oil Carriers Market – Vessel Type, by Volume and Revenue, 2014 – 2024 (Units) (US$ Bn) Overview VLCC/ULCC Suezmax Aframax Panamax Section 6 Global Crude Oil Carriers Market – Regional Analysis by Volume and Revenue, 2014 – 2024 (Units) (US$ Bn) Regional Overview North America Overview Countries U.S. Crude Oil Carriers Market by Vessel Type Segment Rest of North America Crude Oil Carriers Market by Vessel Type Segment Europe Overview Countries Greece Crude Oil Carriers Market by Vessel Type Segment Transparency Market Research 6 Crude Oil Carriers Market Belgium Crude Oil Carriers Market by Vessel Type Segment Rest of Europe Crude Oil Carriers Market by Vessel Type Segment Asia Pacific Overview Countries China Crude Oil Carriers Market by Vessel Type Segment South Korea Crude Oil Carriers Market by Vessel Type Segment Singapore Crude Oil Carriers Market by Vessel Type Segment Japan Crude Oil Carriers Market by Vessel Type Segment Malaysia Crude Oil Carriers Market by Vessel Type Segment Rest of Asia Pacific Crude Oil Carriers Market by Vessel Type Segment Rest Of World Overview Countries Iran Crude Oil Carriers Market by Vessel Type Segment Saudi Arabia Crude Oil Carriers Market by Vessel Type Segment Others Crude Oil Carriers Market by Vessel Type Segment Section 7 Company Profiles Alfa Laval Inc. AET Transparency Market Research 7 Crude Oil Carriers Market Bahri China Shipping Development Corp (CSDC) Dynacom Tankers Management Ltd Euronav Frontline Ltd. Maran Tankers Management Inc. Maran Tankers Management Inc. National Iranian Tanker Company NYK line, Ocean Tankers (pte) Ltd. OMAN SHIPPING COMPANY S.A.O.C. Overseas Shipholding Group (OSG) Sovcomflot Group Teekay Corporation In-depth research report on Crude Oil Carriers Market with Full TOC at : http://www.transparencymarketresearch.com/crude-oil-carriers-market.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Transparency Market Research 8 Crude Oil Carriers Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 9
Oil tankers specially designed for shipping petroleum liquids such as crude oil, called oil carriers, are an integral part of the bulk transportation of petroleum products across international seaborne routes. The global crude oil carriers market is thus a multibillion-dollar industry; it had a valuation of US$160 bn in 2015. A recent market research report published by Transparency Market Research states that the market will expand at a 3.5% CAGR over the period between 2016 and 2024. As a result, the market will rise to a valuation of US$217 bn. Download the Crude Oil Carriers Industry Fact Sheet by 2024 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2046
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