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
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China Shipping Tanker Co. Ltd.
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Maersk Tankers
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Kuwait Oil Tankers Co.
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Essar Shipping
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OSG Ship Management Inc.
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Tankers International LLC
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Alaska Tanker Co.
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Keystone Alaska LLC
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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
View source version on businesswire.com: https://www.businesswire.com/news/home/20180921005235/en/
