Oil Carriers – Global Market Outlook (2017-2026)” report has
been added to ResearchAndMarkets.com’s offering.
According to the publisher, the 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.
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 up to 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.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Crude Oil Carriers Market, By Vessel Type
6 Global Crude Oil Carriers Market, By Geography
7 Key Developments
8 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/b2f2n6/global_crude_oil?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005453/en/