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Transparency Market Research Crude Oil Carriers Market, by Vessel Type (VLCC/ULCC, Suezmax, Aframax, and Panamax) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024

Published Date 11-March-2016

112 Page Report

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Crude Oil Carriers Market Revenue Anticipated to Reach US$217.0 Bn by 2024

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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.

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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

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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 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

Browse the full Crude Oil Carriers Market, by Vessel Type (VLCC/ULCC, Suezmax, Aframax, and Panamax) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024 report at http://www.transparencymarketresearch.com/crude-oil-carriers-market.html

Crude Oil Carriers Market: By Region -North America -U.S. -Rest of North America -Europe -Greece -Belgium

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-Rest of Europe -Asia Pacific -China -South Korea -Singapore -Japan -Malaysia -Rest of Asia Pacific -Rest of World -Iran -Saudi Arabia -Others

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TABLE OF CONTENT Section 1 Preface •Report Description •Market Segmentation •Research Scope •Research Methodology 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 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

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•Rest of North America Crude Oil Carriers Market by Vessel Type Segment •Europe •Overview •Countries •Greece Crude Oil Carriers Market by Vessel Type Segment •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 •AET •Bahri •China Shipping Development Corp (CSDC) •Dynacom Tankers Management Ltd •Euronav •Frontline Ltd. •Maran Tankers Management Inc. •Mitsui O.S.K. Lines, Ltd. (MOL). •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

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Browse All Energy Market Research Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.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 forward-looking 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.

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Crude Oil Carriers Market - Industry Analysis, Size, Share, Forecast 2024  

Global Crude Oil Carriers Market was valued at US$160 Bn in 2015, will reach to US$217 Bn by 2023 at a CAGR of 3.5% from 2016 to 2024 Downl...

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