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Crude Oil Carrier Global Market Report 2025
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Global Crude Oil Carrier Market Report 2025
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Report Price : $4490.00

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Format : PDF

Published : December 2025

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Crude Oil Carrier Global Market Report 2025

By Vessel Type (Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax), By Dead Weight Tonnage (120,000 MT-180,000 MT, 180,000 MT -320,000 MT, 25,000 MT-50,000 MT, 50,000 MT-75,000 MT, 75,000 MT-120,000 MT, Above 320,000 MT), By Hull Type (Double Bottom, Double Hull, Single Bottom), By Application (Diesel, Gasoline, Aviation Turbine Fuel, Other Applications) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Crude Oil Carrier Market Overview

• Crude Oil Carrier Global Market Report 2025 market size has reached to $198.63 billion in 2024

• Expected to grow to $236.22 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%

• Growth Driver: Increasing Crude Oil Demand Drives Expansion In The Crude Oil Carrier Market

• Market Trend: Advancements In Carrier System For The Crude Oil Carrier Market

• Asia-Pacific was the largest region in 2024.

What Is Covered Under Crude Oil Carrier Market?

A crude oil carrier refers to ocean-going vessel constructed and intended for transporting crude oil or its products. They are used for to transfer massive amounts of crude oil across the seas and oceans.

The main types of vessels included in crude oil carriers are very large crude carriers (VLCC), suezmax, aframax, ultra large crude carriers (ULCC), and panamax. Very Large Crude Carrier (VLCC) refers to vessels having a capacity of more than 250,000 DWT. The several types of dead weight tonnage included are 120,000 mt-180,000 mt, 180,000 mt-320,000 mt, 25,000 mt-50,000 mt, 50,000 mt-75,000 mt, 75,000 mt-120,000 mt, and above 320,000 mt. The various hull types are double bottom, double hull, and single bottom, which are used for several applications, such as Diesel, gasoline, aviation turbine fuel, and others.

Crude Oil Carrier Market Size and growth rate 2025 to 2029: Graph

What Is The Crude Oil Carrier Market Size 2025 And Growth Rate?

The crude oil carrier market size has grown steadily in recent years. It will grow from$198.63 billion in 2024 to $203.0 billion in 2025 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to oil demand and production, geopolitical factors, economic growth and oil consumption, regulatory changes, oil price fluctuations

What Is The Crude Oil Carrier Market Growth Forecast?

The crude oil carrier market size is expected to see steady growth in the next few years. It will grow to $236.22 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to emerging market demand, oil price forecasts, investments in carrier fleet expansion, global trade agreements, oil production expansion. Major trends in the forecast period include eco-friendly vessel designs, digitalization and automation, LNG-powered carriers, dual-fuel technology adoption, slow steaming practices.

The forecast of 3.9% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on double-hull steel plates, ballast systems, and engine components imported from South Korea and China, increasing construction and maintenance costs for tanker fleets.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Transport Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the transport sector, particularly in fleet maintenance and logistics operations. Higher duties on imported commercial vehicles, tires, and engine components have increased operational costs for trucking and freight companies, forcing them to raise shipping rates or reduce margins. Airlines and maritime shippers face similar pressures, with tariffs on aircraft parts and shipbuilding materials driving up capital expenditures. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-made transportation equipment, further straining revenue streams. The sector must now prioritize fuel efficiency, alternative sourcing, and automation to offset rising expenses while maintaining service reliability.

How Is The Crude Oil Carrier Market Segmented?

1) By Vessel Type: Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax

2) By Dead Weight Tonnage: 120,000 MT-180,000 MT, 180,000 MT-320,000 MT, 25,000 MT-50,000 MT, 50,000 MT-75,000 MT, 75,000 MT-120,000 MT, Above 320,000 MT

3) By Hull Type: Double Bottom, Double Hull, Single Bottom

4) By Application: Diesel, Gasoline, Aviation Turbine Fuel, Other Applications

Subsegments:

1) By Very Large Crude Carrier (VLCC): Conventional VLCC, Modern VLCC, Converted VLCC, Others

2) By Suezmax: Conventional Suezmax, Modern Suezmax, Converted Suezmax, Others

3) By Aframax: Conventional Aframax, Modern Aframax, Converted Aframax, Others

4) By Ultra Large Crude Carrier (ULCC): Conventional ULCC, Modern ULCC, Converted ULCC, Others

5) By Panamax: Conventional Panamax, Modern Panamax, Converted Panamax, Others

What Is Driving The Crude Oil Carrier Market? Increasing Crude Oil Demand Drives Expansion In The Crude Oil Carrier Market

The rising demand for crude oil and its by-products is expected to propel the growth of the crude oil carrier market going forward. Crude oil is a combination of hydrocarbons that occurs in the liquid phase in natural subterranean reservoirs and stays liquid under normal pressure despite passing through surface-separating facilities. The by-products are products obtained by the extraction process in a refinery, and these products include gasoline, aviation fuel, diesel, and asphalt. The crude oil carriers are used in the transportation of bulk crude oil and related by-products from the offshore platforms to a transshipment terminal. For instance, in March 2023, according to the US Energy Information Administration, a US-based federal statistical system for gathering, processing, and disseminating energy data, the U.S. crude oil output increased to 12.4 million b/d in 2023 from the record high of 11.7 million b/d in 2022. Furthermore, the US consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022, the highest annual consumption of natural gas in the U.S. as compared to the previous year. Therefore, the rising demand for crude oil and its by-products is driving the crude oil carrier industry.

What Is Driving The Crude Oil Carrier Market? Rising Transportation Activity Drives Growth In The Crude Oil Carrier Market

The increasing transportation is expected to propel the growth of the crude oil carrier market going forward. Transportation refers to the movement of people, goods, or animals from one place to another. The demand for fuel is raised by growing cross-sector transportation, which in turn raises the need for crude oil carriers. For instance, in September 2024, according to the American Trucking Association, a US-based association, trucks transported 66.5% of the value of surface trade between the United States and Canada in 2023. Therefore, increasing transportation is driving the growth of the crude oil carrier industry.

Who Are The Major Players In The Global Crude Oil Carrier Market?

Major companies operating in the crude oil carrier market include China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, OSG Ship Management Inc., Alaska Tanker Company LLC, Keystone Shipping Co., Shipping Corporation of India Ltd., Frontline Ltd., Tsakos Energy Navigation Limited, National Iranian Tanker Company, Euronav NV, Tankers International LLC, SFL Corporation Ltd., Nordic American Tankers Limited, AET Tanker Holdings Sdn Bhd, Teekay Corporation, Angelicoussis Shipping Group Limited., Mitsui OSK Lines Ltd., Scorpio Tankers Inc., DHT Holdings Inc., Ardmore Shipping Corp., Oman Shipping Company S.A.O.C., Ocean Tankers Ltd., Diamond S Shipping Inc., Dynacom Tankers Management Ltd., Gener8 Maritime Inc., Hafnia Limited, International Seaways Inc., PAO Sovcomflot, Maran Tankers Management Inc., Navios Maritime Partners L.P.

What Are The Key Trends Of The Global Crude Oil Carrier Market? Advancements In Carrier System For The Crude Oil Carrier Market

Major companies operating in the crude oil carrier market are developing innovative solutions, such as the crude oil and liquefied natural gas (LNG) carriers, to enhance fuel efficiency and reduce emissions. Crude oil and liquefied natural gas (LNG) carriers refer to specialized vessels designed for the transportation of crude oil and LNG, ensuring safe and efficient delivery of these energy resources. For instance, in August 2023, Zvezda shipyard, a Russia-based shipbuilding company, launched Arc6 Valentin Pikul and Arc6 Sergei Witte to transport oil and liquefied natural gas (LNG) as part of ongoing projects.The latest in this series is a vessel named Sergei Witte, which has a capacity of 172,600 cubic meters. These ships are critical for Russia's Arctic energy projects, given the growing demand for LNG and oil exports from the region.

What Are The Key Trends Of The Global Crude Oil Carrier Market? China Merchants Energy Shipping Forges Profitable Alliances With Dalian Shipbuilding For LNG And Crude Oil Carrier Construction

Major companies operating in the crude oil carrier market are focused on partnerships and collaborations to increase their profitability in the market. Strategic partnerships are collaborative relationships formed between two or more organizations to achieve specific business objectives or goals. In December 2023, China Merchants Energy Shipping (CMES), a China-based shipping company, has signed contracts with Dalian Shipbuilding, a China-based Shipbuilding company, for the construction of two LNG (liquefied natural gas) carriers and 2 Aframax crude oil tankers. The 2 LNG carriers will be built at DSIC for $470 million, and the 2 Aframax crude oil tankers will be designed by DSIC, measuring 243 meters long and 44 meters wide, with a capacity of 115,000 dwt.

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Crude Oil Carrier Market Merger And Acquisition: DTH Holdings' Acquisition Of Hyundai-Built VLCC Strengthens Fleet

In May 2023, DHT Holdings Inc., a Bermuda-based crude oil tanker company acquired VLCC by Hyundai Heavy Industries for an amount of $94.5 million. This acquisition of the VLCC is expected to improve the DHT fleet's efficiencies, such as the Annual Efficiency Ratio (AER) and Energy Efficiency Operational Index (EEOI) metrics. Hyundai Heavy Industries is a South Korea-based company involved in the crude oil carrier.

Regional Analysis For The Global Crude Oil Carrier Market

Asia-Pacific was the largest region in the crude oil carrier market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Crude Oil Carrier Market?

The crude oil carrier market consists of sales of shuttle tankers, arctic crude oil tankers, oil storage vessels, oil barges, and deck oil carriers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Crude Oil Carrier Industry?

The crude oil carrier market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the crude oil carrier industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Crude Oil Carrier Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $203 billion
Revenue Forecast In 2034 $236.22 billion
Growth Rate CAGR of 3.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Vessel Type: Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax
2) By Dead Weight Tonnage: 120,000 MT-180,000 MT, 180,000 MT -320,000 MT, 25,000 MT-50,000 MT, 50,000 MT-75,000 MT, 75,000 MT-120,000 MT, Above 320,000 MT
3) By Hull Type: Double Bottom, Double Hull, Single Bottom
4) By Application: Diesel, Gasoline, Aviation Turbine Fuel, Other Applications Subsegments: 1) By Very Large Crude Carrier (VLCC): Conventional VLCC, Modern VLCC, Converted VLCC, Others
2) By Suezmax: Conventional Suezmax, Modern Suezmax, Converted Suezmax, Others
3) By Aframax: Conventional Aframax, Modern Aframax, Converted Aframax, Others
4) By Ultra Large Crude Carrier (ULCC): Conventional ULCC, Modern ULCC, Converted ULCC, Others
5) By Panamax: Conventional Panamax, Modern Panamax, Converted Panamax, Others
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, OSG Ship Management Inc., Alaska Tanker Company LLC, Keystone Shipping Co., Shipping Corporation of India Ltd., Frontline Ltd., Tsakos Energy Navigation Limited, National Iranian Tanker Company, Euronav NV, Tankers International LLC, SFL Corporation Ltd., Nordic American Tankers Limited, AET Tanker Holdings Sdn Bhd, Teekay Corporation, Angelicoussis Shipping Group Limited., Mitsui OSK Lines Ltd., Scorpio Tankers Inc., DHT Holdings Inc., Ardmore Shipping Corp., Oman Shipping Company S.A.O.C., Ocean Tankers Ltd., Diamond S Shipping Inc., Dynacom Tankers Management Ltd., Gener8 Maritime Inc., Hafnia Limited, International Seaways Inc., PAO Sovcomflot, Maran Tankers Management Inc., Navios Maritime Partners L.P.
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Table Of Contents

1. Executive Summary

2. Crude Oil Carrier Market Characteristics

3. Crude Oil Carrier Market Trends And Strategies

4. Crude Oil Carrier Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Crude Oil Carrier Growth Analysis And Strategic Analysis Framework

5.1. Global Crude Oil Carrier PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Crude Oil Carrier Market Growth Rate Analysis

5.4. Global Crude Oil Carrier Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Crude Oil Carrier Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Crude Oil Carrier Total Addressable Market (TAM)

6. Crude Oil Carrier Market Segmentation

6.1. Global Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Very Large Crude Carrier (VLCC)

Suezmax

Aframax

Ultra Large Crude Carrier (ULCC)

Panamax

6.2. Global Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

120,000 MT-180,000 MT

180,000 MT-320,000 MT

25,000 MT-50,000 MT

50,000 MT-75,000 MT

75,000 MT-120,000 MT

Above 320,000 MT

6.3. Global Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Double Bottom

Double Hull

Single Bottom

6.4. Global Crude Oil Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Diesel

Gasoline

Aviation Turbine Fuel

Other Applications

6.5. Global Crude Oil Carrier Market, Sub-Segmentation Of Very Large Crude Carrier (VLCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional VLCC

Modern VLCC

Converted VLCC

Others

6.6. Global Crude Oil Carrier Market, Sub-Segmentation Of Suezmax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional Suezmax

Modern Suezmax

Converted Suezmax

Others

6.7. Global Crude Oil Carrier Market, Sub-Segmentation Of Aframax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional Aframax

Modern Aframax

Converted Aframax

Others

6.8. Global Crude Oil Carrier Market, Sub-Segmentation Of Ultra Large Crude Carrier (ULCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional ULCC

Modern ULCC

Converted ULCC

Others

6.9. Global Crude Oil Carrier Market, Sub-Segmentation Of Panamax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Conventional Panamax

Modern Panamax

Converted Panamax

Others

7. Crude Oil Carrier Market Regional And Country Analysis

7.1. Global Crude Oil Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Crude Oil Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Crude Oil Carrier Market

8.1. Asia-Pacific Crude Oil Carrier Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Crude Oil Carrier Market

9.1. China Crude Oil Carrier Market Overview

9.2. China Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Crude Oil Carrier Market

10.1. India Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Crude Oil Carrier Market

11.1. Japan Crude Oil Carrier Market Overview

11.2. Japan Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Crude Oil Carrier Market

12.1. Australia Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Crude Oil Carrier Market

13.1. Indonesia Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Crude Oil Carrier Market

14.1. South Korea Crude Oil Carrier Market Overview

14.2. South Korea Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Crude Oil Carrier Market

15.1. Western Europe Crude Oil Carrier Market Overview

15.2. Western Europe Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Crude Oil Carrier Market

16.1. UK Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Crude Oil Carrier Market

17.1. Germany Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Crude Oil Carrier Market

18.1. France Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Crude Oil Carrier Market

19.1. Italy Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Crude Oil Carrier Market

20.1. Spain Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Crude Oil Carrier Market

21.1. Eastern Europe Crude Oil Carrier Market Overview

21.2. Eastern Europe Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Crude Oil Carrier Market

22.1. Russia Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Crude Oil Carrier Market

23.1. North America Crude Oil Carrier Market Overview

23.2. North America Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Crude Oil Carrier Market

24.1. USA Crude Oil Carrier Market Overview

24.2. USA Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Crude Oil Carrier Market

25.1. Canada Crude Oil Carrier Market Overview

25.2. Canada Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Crude Oil Carrier Market

26.1. South America Crude Oil Carrier Market Overview

26.2. South America Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Crude Oil Carrier Market

27.1. Brazil Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Crude Oil Carrier Market

28.1. Middle East Crude Oil Carrier Market Overview

28.2. Middle East Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Crude Oil Carrier Market

29.1. Africa Crude Oil Carrier Market Overview

29.2. Africa Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Crude Oil Carrier Market Competitive Landscape And Company Profiles

30.1. Crude Oil Carrier Market Competitive Landscape

30.2. Crude Oil Carrier Market Company Profiles

30.2.1. China Shipping Tanker Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Maersk Tankers A/S Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Kuwait oil Tanker Company S.A.K Overview, Products and Services, Strategy and Financial Analysis

30.2.4. OSG Ship Management Inc. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Alaska Tanker Company LLC Overview, Products and Services, Strategy and Financial Analysis

31. Crude Oil Carrier Market Other Major And Innovative Companies

31.1. Keystone Shipping Co.

31.2. Shipping Corporation of India Ltd.

31.3. Frontline Ltd.

31.4. Tsakos Energy Navigation Limited

31.5. National Iranian Tanker Company

31.6. Euronav NV

31.7. Tankers International LLC

31.8. SFL Corporation Ltd.

31.9. Nordic American Tankers Limited

31.10. AET Tanker Holdings Sdn Bhd

31.11. Teekay Corporation

31.12. Angelicoussis Shipping Group Limited.

31.13. Mitsui OSK Lines Ltd.

31.14. Scorpio Tankers Inc.

31.15. DHT Holdings Inc.

32. Global Crude Oil Carrier Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Crude Oil Carrier Market

34. Recent Developments In The Crude Oil Carrier Market

35. Crude Oil Carrier Market High Potential Countries, Segments and Strategies

35.1 Crude Oil Carrier Market In 2029 - Countries Offering Most New Opportunities

35.2 Crude Oil Carrier Market In 2029 - Segments Offering Most New Opportunities

35.3 Crude Oil Carrier Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Crude Oil Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Crude Oil Carrier Market, Sub-Segmentation Of Very Large Crude Carrier (VLCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Crude Oil Carrier Market, Sub-Segmentation Of Suezmax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Crude Oil Carrier Market, Sub-Segmentation Of Aframax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Crude Oil Carrier Market, Sub-Segmentation Of Ultra Large Crude Carrier (ULCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Crude Oil Carrier Market, Sub-Segmentation Of Panamax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Crude Oil Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Global Crude Oil Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: China, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: India, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Japan, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Australia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Indonesia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: South Korea, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Western Europe, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: UK, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Germany, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: France, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Italy, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Spain, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Eastern Europe, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: Russia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: North America, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: USA, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Canada, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: South America, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Brazil, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Middle East, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: Africa, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 80: China Shipping Tanker Co. Ltd. Financial Performance
  • Table 81: Maersk Tankers A/S Financial Performance
  • Table 82: Kuwait oil Tanker Company S.A.K Financial Performance
  • Table 83: OSG Ship Management Inc. Financial Performance
  • Table 84: Alaska Tanker Company LLC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Crude Oil Carrier Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Crude Oil Carrier Market, Sub-Segmentation Of Very Large Crude Carrier (VLCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Crude Oil Carrier Market, Sub-Segmentation Of Suezmax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Crude Oil Carrier Market, Sub-Segmentation Of Aframax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Crude Oil Carrier Market, Sub-Segmentation Of Ultra Large Crude Carrier (ULCC), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Crude Oil Carrier Market, Sub-Segmentation Of Panamax, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Crude Oil Carrier Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Global Crude Oil Carrier Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: Asia-Pacific, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: China, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: India, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Japan, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Australia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Indonesia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: South Korea, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Western Europe, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: UK, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Germany, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: France, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Italy, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Spain, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Eastern Europe, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: Russia, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: North America, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: USA, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Canada, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: South America, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Brazil, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Middle East, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Crude Oil Carrier Market, Segmentation By Vessel Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Crude Oil Carrier Market, Segmentation By Dead Weight Tonnage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: Africa, Crude Oil Carrier Market, Segmentation By Hull Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 80: China Shipping Tanker Co. Ltd. Financial Performance
  • Figure 81: Maersk Tankers A/S Financial Performance
  • Figure 82: Kuwait oil Tanker Company S.A.K Financial Performance
  • Figure 83: OSG Ship Management Inc. Financial Performance
  • Figure 84: Alaska Tanker Company LLC Financial Performance

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Crude Oil Carrier Global Market Report 2025 – By Vessel Type (Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax), By Dead Weight Tonnage (120,000 MT-180,000 MT, 180,000 MT -320,...

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Frequently Asked Questions

A crude oil carrier refers to ocean-going vessel constructed and intended for transporting crude oil or its products. They are used for to transfer massive amounts of crude oil across the seas and oceans. For further insights on this market, request a sample here

The market major growth driver - Increasing Crude Oil Demand Drives Expansion In The Crude Oil Carrier Market. For further insights on this market, request a sample here

The crude oil carrier market size has grown steadily in recent years. It will grow from $198.63 billion in 2024 to $203 billion in 2025 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to oil demand and production, geopolitical factors, economic growth and oil consumption, regulatory changes, oil price fluctuations. The crude oil carrier market size is expected to see steady growth in the next few years. It will grow to $236.22 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to emerging market demand, oil price forecasts, investments in carrier fleet expansion, global trade agreements, oil production expansion. Major trends in the forecast period include eco-friendly vessel designs, digitalization and automation, LNG-powered carriers, dual-fuel technology adoption, slow steaming practices. For further insights on this market, request a sample here

The crude oil carriermarket covered in this report is segmented –
1) By Vessel Type: Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax
2) By Dead Weight Tonnage: 120,000 MT-180,000 MT, 180,000 MT -320,000 MT, 25,000 MT-50,000 MT, 50,000 MT-75,000 MT, 75,000 MT-120,000 MT, Above 320,000 MT
3) By Hull Type: Double Bottom, Double Hull, Single Bottom
4) By Application: Diesel, Gasoline, Aviation Turbine Fuel, Other Applications Subsegments:
1) By Very Large Crude Carrier (VLCC): Conventional VLCC, Modern VLCC, Converted VLCC, Others
2) By Suezmax: Conventional Suezmax, Modern Suezmax, Converted Suezmax, Others
3) By Aframax: Conventional Aframax, Modern Aframax, Converted Aframax, Others
4) By Ultra Large Crude Carrier (ULCC): Conventional ULCC, Modern ULCC, Converted ULCC, Others
5) By Panamax: Conventional Panamax, Modern Panamax, Converted Panamax, Others For further insights on this market, request a sample here

Asia-Pacific was the largest region in the crude oil carrier market in 2024. The regions covered in the crude oil carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on this market, request a sample here.

Major companies operating in the crude oil carrier market include China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, OSG Ship Management Inc., Alaska Tanker Company LLC, Keystone Shipping Co., Shipping Corporation of India Ltd., Frontline Ltd., Tsakos Energy Navigation Limited, National Iranian Tanker Company, Euronav NV, Tankers International LLC, SFL Corporation Ltd., Nordic American Tankers Limited, AET Tanker Holdings Sdn Bhd, Teekay Corporation, Angelicoussis Shipping Group Limited., Mitsui OSK Lines Ltd., Scorpio Tankers Inc., DHT Holdings Inc., Ardmore Shipping Corp., Oman Shipping Company S.A.O.C., Ocean Tankers Ltd., Diamond S Shipping Inc., Dynacom Tankers Management Ltd., Gener8 Maritime Inc., Hafnia Limited, International Seaways Inc., PAO Sovcomflot, Maran Tankers Management Inc., Navios Maritime Partners L.P. . For further insights on this market, request a sample here.

Major trends in this market include Advancements In Carrier System For The Crude Oil Carrier Market. For further insights on this market, request a sample here.

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Global Crude Oil Carrier Market Report 2025

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