Research Report Crude Oil Carriers Market 2016 - 2024

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