The global crude oil carrier market revenue is expected to expand at a moderate CAGR over the forecast period.
The global crude oil carrier market report has been segmented on the basis of vessel type and region. On the basis of vessel type, the target market is segmented into VLCC/ULCC, Suezmax, Aframax, and Panamax.
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological developments and increasing crude oil production in various countries in the region. The market in Europe is expected to account for moderate growth in terms of revenue over the forecast period.
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Key players operating in the global crude oil carrier market include Maersk Tankers A/S, China Shipping Tanker Company Limited, Essar Shipping Limited, Kuwait Oil Tanker Co. S.A.K., Tankers International LLC., OSG Ship Management Inc., Alaska Tanker Co LLC., The Shipping Corporation of India Limited, Mitsui OSK Lines Ltd., and Frontline Ltd.