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Crude Oil Carriers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Crude Oil Carriers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The report on global crude oil carriers market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global crude oil carriers market to grow with a CAGR of 3.6% over the forecast period of 2018-2024. The study on crude oil carriers market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Increasing demand for crude oil and its by-products are the key factors driving the growth of the crude oil carriers market. In addition, growing transporatation industry across the world, rising number of automotives and aviation industry, use of growth in various end-use industry and increasing industrialization creates a demand for crude products. However, high logistics cost and decreasing oil imports that are beating into renewable solar power are likely to hamper the growth of the crude oil carrier market during the forecast period.
On the other hand, the high cost of capital required to acquire ships is also anticipated to create a negative impact on the market growth. Furthermore, Longer hauls and fewer triangulation options or backhaul routes to reduce ballasting are likely to present growth opportunities for industry participants. Increasing oil imports and stabilizing relations between OPEC and NON-OPEC nations are creating huge opportunities oiver the upcoming years. Moreover, ongoing low global oil prices and high supply from the organization of the petroleum exporting countries are anticipated to boost the demand for carriers demand over the years to come. Therefore, Low bunker fuel prices are likely to spur increased earnings, leading to greater carrier application and demand across the globe.
Among the geographies, Asia Pacific dominated the crude oil carriers market. High oil refining, production, and trade activities in UAE, Kuwait, Saudi Arabia, Iraq, and other Middle Eastern countries with large financial resources led to highest industry share for this region.
The report on crude oil carriers market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global crude oil carriers market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global crude oil carriers market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global crude oil carriers market is segmented on the basis of vessel type.

Global Crude Oil Carriers Market by Vessel Type
Very Large Crude Carrier(VLCC)
Suezmax
Aframax
Ultra Large Crude Carrier (ULCC)
Others / Panamax

Company Profiles
China Shipping Tanker Co., Ltd.
Maersk Tankers
Kuwait Oil Tankers Co.
Essar Shipping
OSG Ship Management Inc.
Tankers International LLC.
Alaska Tanker Co
Keystone Alaska LLC
Shipping Corporation of India

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of crude oil carriers market.
2. Complete coverage of all the segments in crude oil carriers market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global crude oil carriers market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.


The report on crude oil carriers market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global crude oil carriers market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Crude Oil Carriers Market Highlights
2.2. Crude Oil Carriers Market Projection
2.3. Crude Oil Carriers Market Regional Highlights
3. Global Crude Oil Carriers Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Vessel Type
3.4.2. IGR-Growth Matrix Analysis by Region
3.5. Value chain crude oil carriers market
3.6. Import-Export data matrix
4. Crude Oil Carriers Market Macro Indicator Analysis
5. Global Crude Oil Carriers Market by Vessel Type
5.1. Very Large Crude Carrier(VLCC)
5.2. Suezmax
5.3. Aframax
5.4. Ultra Large Crude Carrier (ULCC)
5.5. Others/ Panamax
6. Global Crude Oil Carriers Market by Region 2018-2024
6.1. North America
6.1.1. North America Crude Oil Carriers Market by Vessel Type
6.1.2. North America Crude Oil Carriers Market by Country
6.2. Europe
6.2.1. Europe Crude Oil Carriers Market by Vessel Type
6.2.2. Europe Crude Oil Carriers Market by Country
6.3. Asia-Pacific
6.3.1. Asia-Pacific Crude Oil Carriers Market by Vessel Type
6.3.2. Asia-Pacific Crude Oil Carriers Market by Country
6.4. RoW
6.4.1. RoW Crude Oil Carriers Market by Vessel Type
6.4.2. RoW Crude Oil Carriers Market by Sub-region
7. Company Profiles and Competitive Landscape
7.1. Competitive Landscape in the Global Crude Oil Carriers Market
7.2. Companies Profiles
7.2.1. China Shipping Tanker Co., Ltd.
7.2.1.1. Overview
7.2.1.2. Company Snapshot
7.2.1.3. Financial Snapshot
7.2.1.4. Product portfolio
7.2.1.5. Recent developments
7.2.2. Maersk Tankers
7.2.2.1. Overview
7.2.2.2. Company Snapshot
7.2.2.3. Financial Snapshot
7.2.2.4. Product portfolio
7.2.2.5. Recent developments
7.2.3. Kuwait Oil Tankers Co.
7.2.3.1. Overview
7.2.3.2. Company Snapshot
7.2.3.3. Financial Snapshot
7.2.3.4. Product portfolio
7.2.3.5. Recent developments
7.2.4. Essar Shipping
7.2.4.1. Overview
7.2.4.2. Company Snapshot
7.2.4.3. Financial Snapshot
7.2.4.4. Product portfolio
7.2.4.5. Recent developments
7.2.5. Osg Ship Management Inc.
7.2.5.1. Overview
7.2.5.2. Company Snapshot
7.2.5.3. Financial Snapshot
7.2.5.4. Product portfolio
7.2.5.5. Recent developments
7.2.6. Tankers International Llc.
7.2.6.1. Overview
7.2.6.2. Company Snapshot
7.2.6.3. Financial Snapshot
7.2.6.4. Product portfolio
7.2.6.5. Recent developments
7.2.7. Alaska Tanker Co
7.2.7.1. Overview
7.2.7.2. Company Snapshot
7.2.7.3. Financial Snapshot
7.2.7.4. Product portfolio
7.2.7.5. Recent developments
7.2.8. Keystone Alaska Llc
7.2.8.1. Overview
7.2.8.2. Company Snapshot
7.2.8.3. Financial Snapshot
7.2.8.4. Product portfolio
7.2.8.5. Recent developments
7.2.9. Shipping Corporation Of India
7.2.9.1. Overview
7.2.9.2. Company Snapshot
7.2.9.3. Financial Snapshot
7.2.9.4. Product portfolio
7.2.9.5. Recent developments
8. Appendix
8.1. Primary research findings and questionnaire

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