Tanker Shipping Market: The Growing Trend 2030 (2023)

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Mar 20, 2023 (The Expresswire) --Pre and Post Covid Report Is Covered | Final Report Will Add the Analysis of the Impact of Russia-Ukraine War and COVID-19 on This Industry.

[114 Pages] "Tanker Shipping Market" Insights 2023 | By Types (Inland Chemical Tankers - 500 to 4000 tonne DWT, Coastal Chemical Tankers - 3000 to 10000 tonne DWT, Deep Sea Tankers - 10000 to 50000 tonne DWT), Applications (Oil, Industrial, Specialist chemical), By Segmentation, Regions, Size, Scope, Forecast to 2029. This report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global Tanker Shipping market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, and growth rate and market segments. Our research experts have prepared this report with help ofPorter Five PESTLE Analysis, SWOT Analysisas well as by conducting primary interviews and secondary research techniques.This study also provides an analysis of the impact of the COVID-19 crisis on the Tanker Shipping industry.

“Global Tanker Shipping market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR of this market is estimated to reach USD million in 2029.”Ask for Sample Report

GlobalTanker Shipping MarketReport 2023 is spread across114 pagesand provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.

Who are some of the key players operating in the Tanker Shipping market and how high is the competition 2023?

Company Information: List by Country Top Manufacturers / Key Players In Tanker Shipping Market Insights Report Are:

● Team Tankers

● Teekay

● Mitsui O.S.K. Lines (MOL)

● AET Tankers

● Tune Chemical Tankers

● Euronav

● Odfjell

● Bahri

● Essberger Tankers

● North Sea Tankers

● Stolt-Nielsen

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Attractive Opportunities In the Tanker Shipping Market:

The Global Tanker Shipping market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2029. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

According to this latest study, the 2023 development of Third-Party Replacement Strap for Tanker Shipping will have huge change from earlier year.

(Video) How Maersk Dominates the Global Shipping Industry

Tanker shipping refers to the transportation of bulk goods, such as crude oil, gas, chemicals, and other products, obtained from the refining of crude oil. Tanker shipping is generally carried out by various types of tankers, such as crude tankers, chemical tankers, and gas tankers.

The Tanker Shipping market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR of this market is estimated to reach USD million in 2029.

The report focuses on the Tanker Shipping market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Tanker Shipping market.

Tanker Shipping market identifies the increase in RandD of therapeutic vaccines as one of the prime reasons driving the Tanker Shipping Market growth during the next few years. Also, increased disease diagnostic modalities, and increasing research on combination therapies will lead to sizable demand in the market.

COVID-19 / Regional Conflict / Russia-Ukraine War

COVID-19 / Great lockdown has compressed the global economy and with it the manufacturing sector, production, disruption, financial. The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.


It also discussions about the market size of different segments and their growth aspects along with Competitive benchmarking, Historical data and forecasts, Company revenue shares, Regional opportunities, Latest trends and dynamics, growth trends, various stakeholders like investors, CEOs, traders, suppliers, Research and media, Global Manager, Director, President, SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization and others. Revenue forecast, company share, competitive landscape, growth factors and trends

What are the major applications and type, of Tanker Shipping?

Most important types of Tanker Shipping Market covered in this report are:

● Inland Chemical Tankers - 500 to 4000 tonne DWT

● Coastal Chemical Tankers - 3000 to 10000 tonne DWT

● Deep Sea Tankers - 10000 to 50000 tonne DWT

Most widely used downstream fields of Tanker Shipping market covered in this report are:

● Oil

● Industrial

● Specialist chemical

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Market Growth Reports present a detailed picture of the market by the way of study, and summation of data from multiple sources by an analysis of key parameters. Our antimicrobial therapeutics market covers the following areas:

● Tanker Shipping market sizing

(Video) How Ocean Shipping Works (And Why It's Broken)

● Tanker Shipping market forecasts

● Tanker Shipping market industry analysis

What is our report scope?

This report focuses on the Tanker Shipping in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. The Tanker Shipping market report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

What are the major regional markets of Tanker Shipping in Global, according to the Market Growth Reports report?

Tanker Shipping Market analysis, by Geography: Major regions covered within the report: Consumption by Region 2023: -

● North America (U.S. and Canada) Market size, Tanker Shipping growth, Market Players Analysis and Opportunity Outlook

● Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Tanker Shipping growth and Market Players Analysis and Opportunity Outlook

● Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Tanker Shipping growth Market Players Analyst and Opportunity Outlook

● Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Tanker Shipping growth and Market Players Analysis and Opportunity Outlook

● Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Tanker Shipping growth Market Players Analysis and Opportunity Outlook

The Tanker Shipping Market report can help to know the market and strategize for business expansion accordingly. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Tanker Shipping industry. Global Tanker Shipping Market Report 2023 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector.

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With tables and figures helping analyze worldwide Global Tanker Shipping Market Forecast this research provides key statistics on the state of the industry and should be a valuable source of guidance and direction for companies and individuals interested in the market.

Major Points from Table of Contents:

Global Tanker Shipping Market Research Report 2023-2029, by Manufacturers, Regions, Types and Applications

1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2017-2029)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders

2 Key Findings of the Study

3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Tanker Shipping Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Tanker Shipping Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis

4 Value Chain of the Tanker Shipping Market

4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)

Get a Sample Copy of the Tanker Shipping Market Report 2023

(Video) Maersk - Next Generation of Maersk Container Vessels Designed for Green Methanol.

5 Global Tanker Shipping Market-Segmentation by Type
6 Global Tanker Shipping Market-Segmentation by Application

7 Global Tanker Shipping Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel

8 Competitive Intelligence Company Profiles

9 Global Tanker Shipping Market-Segmentation by Geography

9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America

9.5 Middle East and Africa

10 Future Forecast of the Global Tanker Shipping Market from 2023-2029

10.1 Future Forecast of the Global Tanker Shipping Market from 2023-2029 Segment by Region
10.2 Global Tanker Shipping Production and Growth Rate Forecast by Type (2023-2029)
10.3 Global Tanker Shipping Consumption and Growth Rate Forecast by Application (2023-2029)

11 Appendix
11.1 Methodology
12.2 Research Data Source


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Customization of the Report

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

“Global Tanker Shipping market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR of this market is estimated to reach USD million in 2029.”

Reasons to buy this report:

● It helps to comprehend the potential market value of Tanker Shipping market.

● While providing an analytical perspective of the Tanker Shipping industry, it gives business strategies with the most recent growth potential.

(Video) Bahri Oil Forum - "Tanker Challenges & Opportunities"

● The whole competitive environment is described.

● The Tanker Shipping market research provides a comprehensive understanding of each related activity.

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Tanker Shipping Market: The Growing Trend 2030 (1)


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What is the forecast of tanker market? ›

Demand will grow faster than supply during both 2023 and 2024. In 2024, we predict that crude tanker demand will be up 4.5-6.5% on 2022, whereas supply will reduce by 0.6%. Similarly, we envisage product tanker demand growth of 6-8%, with supply falling 0.7%.

What is the global tanker market size? ›

The global chemical tanker shipping market size is expected to grow from $29.72 billion in 2022 to $31.41 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%.

Why are tanker stocks up? ›

The increasing demand for tankers able to make long journeys comes as the supply of tankers has stayed relatively flat, meaning that demand is outpacing supply. That's caused rates to spike, with daily rental rates for some kinds of ships quintupling between 2021 and this year.

Will shipping stocks go up? ›

On TipRanks, SBLK stock has received three unanimous Buy recommendations for a Strong Buy rating consensus. Furthermore, analysts' average price target of $29.33 implies 44.06% upside potential.

Who owns the most tankers? ›

Mitsui OSK Lines ranks first in the list of the largest oil tanker companies in the world. Commonly known as MOL, the company is one of the largest shipping companies in the world and operates a fleet of more than 930 vessels with a deadweight of 66 million tons (DWT).

Who has the largest tanker fleet in the world? ›

1. Mitsui OSK Lines. Mitsui OSK Lines ranks first in the list of the largest oil tanker companies in the world. Commonly known as MOL, the company is one of the largest shipping companies in the world and operates a fleet of more than 930 vessels with a deadweight of 66 million tons (DWT).

Which country has the largest tanker fleet? ›

Main countries based on dwt of their merchant fleet 2022

As of January 2022, Panama owned the biggest fleet in terms of deadweight tonnage. The country's fleet consisted of ships with a total deadweight tonnage of almost 350 million tons in 2022. Moreover, Panama owned the most ships in the world in 2020.

Why are shipping stocks doing well? ›

A booming industry

Shipping companies that relied on sport shipping rates to sell space on their vessels generated vast profits in 2021 and shipping stocks surged in value. They also began paying out generous dividends for shareholders as the money flowed into their pockets.

What are the factors affecting tanker market? ›

The price for contracting a tanker newbuilding is influenced by a number of factors such as the underlying price of energy, steel, labor costs and available construction finance. The relative demand for contracting new tonnage also plays a role and may lengthen or shorten waiting time to delivery and affect price.

What is the best oil tanker stock to buy? ›

Quick Look at the Best Oil Tanker Stocks
  • Frontline.
  • DHT Holdings.
  • Nordic American Tanker Ltd.
  • Euronav.
  • Teekay Corp.

Will the shipping crisis end? ›

Owing to a combination of port congestion, slow circulatory movement, and high shipping rates, it's estimated that supply chains will remain disrupted well into 2022.

Is shipping a good stock to buy? ›

Shipping stocks have a history of paying a significant portion of their income to shareholders in the form of dividends. In times of good profitability for shipping and container companies, they have some of the highest dividend yields.

Is SHIP a good long term investment? ›

Ships are also suitable as long-term financial investments because they have a long service life. A cargo ship put into service today can earn money in around 30 years.

Who is the best tanker in the world? ›

The top ten tanks today are the German KF51 Panther, the American Abrams M1A2, the Russian T-14 Armata, the Korean K2 Black Panther, the Chinese T-99, the German Leopard 2, the French Leclerc XL, the British Challenger 2, the Israeli Merkava V, and the Japanese Type-90.

How many tankers does the US have? ›

In 2023, the United States had approximately 5,500 main battle tanks in its armed forces, the most of any NATO member state.
Number of main battle tanks in NATO in 2023, by country.
CharacteristicNumber of main battle tanks
United States5,500
9 more rows
Mar 30, 2023

How many tankers are there in the US? ›

At the end of 2021, the Air Force had about 490 tankers in its fleet.

Which U.S. fleet is the strongest? ›

Who we are:  Seventh Fleet is the largest of the U.S. Navy's forward-deployed fleets.  At any given time there are 50-70 ships and submarines, 150 aircraft, and more than 27,000 Sailors and Marines in Seventh Fleet.

What is the most advanced tanker? ›

Discover the capabilities of the KC-46A, the world's most advanced multi-mission aerial refueler.

Which fleet is the strongest? ›

Navy Ranking
#CountryFleet Strength
1People's Republic of China730
3North Korea519
4United States of America484
72 more rows

What is the best tanker company to work for? ›

10 high-paying tanker trucking companies
  1. Mercer Transportation. Average truck driver salary: $27,227 per year. ...
  2. Sysco. Average truck driver salary: $50,690 per year. ...
  3. Grand Island Express. Average truck driver salary: $67,600 per year. ...
  4. Epes Transport System, Inc. ...
  5. Brady Trucking. ...
  6. GP Transco. ...
  7. Dot Foods Inc. ...
  8. Western Express.
Mar 3, 2023

Which shipping company pays highest salary in world? ›

Employees at Schenker Inc earn more than most of the competition, with an average yearly salary of $40,295.
Salaries By Shipping Company Competitors.
Company NameSchenker Inc
Zippia Score4.5
Average Salary$40,295
19 more columns

Which country invented tanker? ›

Nobel's Zoroaster, built in 1878, was the world's first successful oil tanker. He designed this ship in Gothenburg, Sweden, together with Sven Alexander Almqvist, who also built the vessel. The contract to build it was signed in January 1878, and it made its first run later that year from Baku to Astrakhan.

What is the oil and gas market forecast? ›

Global liquid fuels production.

Overall, we expect global oil and liquid fuels production will average 101.5 million b/d in 2023, up 1.6 million b/d from 2022.

What are the forecasts for petroleum? ›

Crude oil prices.

The Brent crude oil spot price in our forecast averages $85 per barrel (b) in 2023, up $2/b from last month's forecast. The higher price forecast reflects a forecast for less global production in 2023 and a relatively unchanged outlook for global oil consumption.

What is the forecast for petroleum consumption? ›

Globally, liquid fuels consumption in our forecast increases from an average of 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023, which is 0.4 million b/d higher than in last month's outlook. The higher consumption forecast is primarily driven by upward revisions to global economic growth.

Who owns the most oil tankers in the world? ›

Mitsui OSK Lines ranks first in the list of the largest oil tanker companies in the world. Commonly known as MOL, the company is one of the largest shipping companies in the world and operates a fleet of more than 930 vessels with a deadweight of 66 million tons (DWT).

How much do oil tanker owners make? ›

What are Top 5 Best Paying Related Oil Tanker Jobs in the U.S.
Job TitleAnnual SalaryMonthly Pay
International Tanker Owner Operator$188,491$15,707
Teen Tanker Owner Operator$186,611$15,550
Owner Operator Tanker Truck Driver$183,315$15,276
Hazmat Owner Operator$149,804$12,483
1 more row

Are oil tankers profitable? ›

Depending upon the size, capacity, and operational expenses, it is common for very-large crude carriers (VLCC) and ultra-large crude carriers (ULCC) to generate daily profits of $100,000 or more for their owners.

What are projected oil prices next 5 years? ›

The company sees Brent crude oil averaging $95 per barrel in 2023, $88 per barrel in both 2024 and 2025, and $85 per barrel in both 2026 and 2027, according to the oil price outlook report.

Will oil prices go up or down in 2023? ›

Rising Chinese demand will be the main driver of higher crude prices this year. A 500,000 bpd drop in Russian crude output could tip the balance in global oil markets. IEA: global oil demand will hit a record high in 2023.

What is the oil and gas outlook for 2023? ›

Global oil demand is set to rise by 1.9 mb/d in 2023, to a record 101.7 mb/d, with nearly half the gain from China following the lifting of its Covid restrictions.

Is there a future in oil and gas? ›

While the world transitions to more sustainable forms of energy, we continue to get the majority of our energy from oil and gas. Demand for fossil fuels is expected to continue to rise in the coming years, with natural gas demand projected to peak by 2035, according to McKinsey.

How will oil demand change by the year 2030? ›

The “Accelerated” scenario projects oil demand at 91 million bpd in 2030 and 80 million bpd in 2035, while the “Net Zero” scenario sees demand dropping to 85 million bpd in 2030, and further down to 70 million bpd by 2035.

What will gas prices be in 2023? ›

Future gas prices depend on a number of factors that aren't easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging $3.32 per gallon in 2023 and $3.09 per gallon in 2024 for regular gasoline.

Will oil and gas prices continue to rise? ›

By the end of 2023, crude-oil prices are expected to rise to $84 a barrel, according to a survey of U.S. oil and gas executives by the Federal Reserve Bank of Dallas.


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