Intercontinental Oil Trade Likely to Increase Says New Report

New market research report on the oil tanker market 2012 – 2022 available from 'Reportlinker'

Information contained is as follows:

Global oil trade is very much dependent on oil tankers for the transportation of crude oil as well as refined petroleum products. In the last quarter of 2011 oil demand fell for the first time since 2008/2009. With a stronger outlook for the global economy over the forecast period, Visiongain expects oil demand growth will increase.  

As a result, intercontinental oil trade will rise at a faster rate and the oil tanker market will see higher earnings and better returns on investment. Visiongain has determined that the value of the global oil tanker market in 2012 will reach $18.96bn. 

The focus of this report is on quantifying investment in the oil tanker market, including new build contracts, repairs, maintenance and scrapping. All new oil tankers are required to have a double hull and 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.

This report was compiled by combining information obtained from a very wide and rich mixture of primary and secondary research sources, producing a broad industry overview, according to the publishers.