September 21, 2018 - 8:19 AM EDT
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Crude Oil Carriers: Global Market Opportunities to 2024 - ResearchAndMarkets.com

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The "Crude Oil Carriers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global crude oil carriers market to grow with a CAGR of 3.6% over the forecast period of 2018-2024.

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 transportation 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.
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 over 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.
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. Also, the high cost of capital required to acquire ships is also anticipated to create a negative impact on the market growth.

Companies Profiled

  • 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

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Crude Oil Carriers Market Overview

4. Crude Oil Carriers Market Macro Indicator Analysis

5. Global Crude Oil Carriers Market by Vessel Type

6. Global Crude Oil Carriers Market by Region 2018-2024

7. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/t2m856/crude_oil?w=4

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Related Topics: Oil


Source: Business Wire (September 21, 2018 - 8:19 AM EDT)

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