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Global Crude Tanker Market Insights & Forecast Report 2020: Size is Anticipated to Reach 423 Million Deadweight Tonnes (DWT) in 2020, Compared to 389 Million DWT in 2018

Research and Markets
·4-min read

Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) -- The "Global Crude Tanker Market: Insights & Forecast with Potential Impact of COVID-19: 2020 Edition" report has been added to's offering.

The global crude tanker fleet size is anticipated to reach 423 million deadweight tonnes (DWT) in 2020, as compared to 389 million deadweight tonnes (DWT) in 2018.

The growth in the crude tanker market has been driven by fluctuating crude oil prices, rising oil demand and increasing urban population. The market faced challenges like fluctuating crude oil production and the US shale revolution. The global crude tanker market would also experience certain trends like a rise in the traded volume of seaborne crude oil and geopolitical developments.

The global crude tanker fleet by tanker type can be segmented as follows: VLCC, Suezmax and Aframax. In 2019, the highest share was generated by VLCC, followed by Suezmax and Aframax. The global crude tanker fleet by country of build can be segmented as follows: South Korea, Japan and China PR. The dominant share of the market was held by South Korea in 2019.

Scope of the report:

  • The report provides a comprehensive analysis of the global crude tanker market with the potential impact of COVID-19.

  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

  • The competitive landscape of the market, along with the company profiles of leading players (Teekay Tankers, Frontline Ltd, DHT Holdings, Nordic American Tankers Ltd, Euronav and Tsakos Energy Navigation Ltd) are also presented in detail.

Key Target Audience:

  • Crude Tanker/Crude Oil Manufacturers

  • Raw Material Providers

  • End Users

  • Investment Banks

  • Government Bodies & Regulating Authorities

Key Topics Covered:

1. Market Overview
1.1 Oil Tanker
1.2 Types of Oil Tankers
1.3 Size Categories of Oil Tankers
1.4 Working of Crude Tanker Business
1.5 Crude Tanker Model
1.6 Factors Impacting Crude Tanker Business

2. Impact of COVID-19
2.1 Impact on Global Economy
2.2 Impact on Gross Domestic Product
2.3 Impact on Traded Crude Tanker Volumes
2.4 Global Prevalence of COVID-19
2.5 Change in Organic Traffic

3. Market Analysis
3.1 Global Crude Tanker Fleet by Year of Delivery
3.1.1 Global Crude Tanker Fleet by Year of Delivery
3.1.2 Global Crude Tanker Fleet Share by Year of Delivery & Tanker Type
3.1.3 Global Crude Tanker Fleet by Year of Delivery & Tanker Type
3.2 Global Crude Tanker Fleet by Country of Build
3.3 Global Order Book by Year of Delivery
3.3.1 Global Order Book by Year of Delivery
3.3.2 Global Order Book by Year of Delivery & Tanker Type
3.4 Global Order Book by Year of Order
3.4.1 Global Order Book by Year of Order
3.4.2 Global Order Book Share by Year of Order & Tanker Type
3.4.3 Global Order Book by Year of Order and Tanker Type
3.5 Global Order Book by Country of Build
3.6 Global Crude Tanker Fleet by Vessel Size
3.7 Global Crude Tanker Fleet Average Age
3.8 Global Crude Tanker New Orders
3.9 Global Crude Tanker New Orders Forecast
3.10 Global Scrapping of Crude Tanker Vessels
3.11 Global Scrapping Forecast of Crude Tanker Vessels
3.12 Global Crude Tanker Fleet Size
3.13 Global Crude Tanker Spot Rates
3.13.1 Global VLCC Spot Rate
3.13.2 Global VLCC Spot Rate Forecast
3.13.3 Global Suezmax Spot Rate
3.13.4 Global Suezmax Spot Rate Forecast
3.13.5 Global Aframax Spot Rate
3.13.6 Global Aframax Spot Rate Forecast
3.13.7 Global Panamax Spot Rate
3.13.8 Global Panamax Spot Rate Forecast

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Fluctuating Crude Oil Prices
4.1.2 Surging Oil Demand by Sector
4.1.3 Upsurge in Crude Oil Exports
4.1.4 Rise in Global Population
4.2 Key Trends & Developments
4.2.1 Fluctuating Seaborne Crude Oil Traded Volume
4.2.2 Geopolitical Development
4.3 Challenges
4.3.1 Fluctuating Crude Oil Production
4.3.2 Shale Revolution

5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue Comparison - Key Players
5.1.2 Market Capitalization Comparison - Key Players
5.1.3 Number of Vessels - Key Players

6. Company Profiles
6.1 Teekay Tankers Ltd.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Frontline Ltd.
6.3 DHT Holdings
6.4 Nordic American Tankers Limited
6.5 Euronav
6.6 Tsakos Energy Navigation Ltd.

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