Market Research Report
Global Crude Tanker Market: Insights & Forecast with Potential Impact of COVID-19: 2020 Edition
|Published by||Koncept Analytics||Product code||960377|
|Published||Content info||89 Pages
Delivery time: 1-2 business days
|Global Crude Tanker Market: Insights & Forecast with Potential Impact of COVID-19: 2020 Edition|
|Published: September 14, 2020||Content info: 89 Pages||
The global crude tanker fleet size is anticipated to reach 423 million dead weight tonnes (DWT) in 2020, as compared to 389 million dead weight 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 rise in seaborne crude oil traded volume 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.