The oil tanker market will reach $18.96bn in 2012

Tuesday 21 February 2012, Amsterdam

Global oil trade is profoundly dependent on seaborne oil tankers for the transportation of crude oil. Over recent years the trading of refined petroleum products and petrochemicals by sea has also risen. All of these petroleum related products are somewhat volatile and closely linked to levels of economic activity. They had calculated capital expenditure in the oil tanker market will reach $18.96bn in 2012.

There are a number of driving factors that will require investment in oil tankers over the forecast period despite the current lacklustre economic situation. For example, in the near future regulators will be enforcing laws on oil tanker fuel efficiency and water ballast systems which will require companies to upgrade and retrofit their tankers.

With an improved global economic outlook further into the 2012-2022 forecast period, they expect to see stronger oil demand growth over the coming years. With continually rising oil demand, intercontinental oil trade is absolutely vital for economic expansion and demand for oil tankers will pick up once more. As oil trade rises at a faster rate, oil tanker companies will see higher earnings and better returns on investment.

The report includes global forecasts from 2012-0222, forecasts for 5 submarkets, 7 regional oil tanker forecasts and analysis of over 25 national oil tanker markets for the period 2012-2022. The analysis and forecasting is underpinned by extensive expert consultation with industry leaders. You will be able to read two full transcripts of exclusive interviews with leading companies involved with the oil tanker market

A total of 171 tables, charts and graphs quantify, analyse and forecast the oil tanker market between 2012-2022. The report also profiles 71 leading companies operating within the oil tanker market.