China Tanker Shipping Industry - Analysis Report
China Tanker Shipping Industry - Analysis Report
China Tanker Shipping Industry - Analysis Report
China Tanker Shipping Industry - Analysis Report

China Tanker Shipping Industry - Analysis Report

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This comprehensive report delves into the intricacies of China's tanker shipping industry, providing a detailed overview of market size, technological innovations, and regulatory environments. It explores operational challenges, competitive dynamics, and the economic impacts shaping the industry. Ideal for stakeholders, investors, and policymakers, this study equips readers with essential insights and forecasts needed to understand market opportunities and navigate potential risks in this critical sector.

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Study Overview

To facilitate industry professionals and investors in gaining a deeper understanding of the current state and future prospects of the oil tanker transport industry, Chinacuity and its teams in China have launched the "2025-2031 China Oil Tanker Transport Industry Market Operation Status and Development Prospect Assessment Report" (hereinafter referred to as the "Report"). The report offers a comprehensive review and in-depth analysis of the Chinese oil tanker market, reflecting the insights gathered from Chinacuity’s continuous tracking, field visits, research, and analysis over the years.

To ensure the accuracy of the data and the reference value of the content, Chinacuity’s research team collected data through various channels, including annual reports of listed companies, manufacturer surveys, distributor interviews, and expert verification. The data was analyzed from multiple dimensions to deeply analyze various areas of the industry, helping practitioners understand the development trends of the oil tanker industry in 2023 from multiple perspectives and enabling industry players to get ahead in transformation.

Definition and Classification

An oil tanker (Oil Tanker) refers to a vessel used for transporting bulk crude oil or refined oil. Oil tankers are divided into crude oil tankers and product oil tankers based on the cargo they transport. Crude oil tankers primarily transport crude oil but can also carry heavy refined products such as fuel oil, while product oil tankers mainly carry cleaner oils like gasoline, diesel, naphtha, and jet fuel.

Oil tankers play a crucial role in global maritime transportation markets, just like other international shipping sectors. The development of the oil tanker transport market is influenced by global economic trends, industrial policies, technological advancements, political situations, and disruptions like military events. As of 2022, China's ocean-going oil tanker fleet numbered 1,158 vessels (each 100 tons or more), with an additional 1,194 oil tankers servicing coastal provinces, bringing the total number of domestic oil tankers to 2,352.

Image Integration: Oil Tanker Categories

The oil tanker industry is classified according to the type of cargo it transports. These are divided into crude oil tankers and product oil tankers. Crude oil tankers carry raw oil, while product oil tankers carry refined products like gasoline, diesel, jet fuel, and other light and heavy oils. The diagram presented in the report provides a clear classification of these tanker types.

Market Development Status

Demand for oil tanker services has seen consistent growth due to the global increase in crude oil demand. China, one of the world's largest importers of crude oil, continues to expand its oil tanker fleet, especially its Very Large Crude Carriers (VLCC). In 2022, the total oil tanker fleet reached 2,352 vessels, with China owning one of the largest ocean-going oil tanker fleets globally.

In 2022, the total production capacity of China’s oil tanker industry grew by approximately 3.15%, and the transport demand grew by 2.7%. In terms of market size, China's oil tanker industry grew from 447 million yuan ($61.25 million) in 2017 to 538 million yuan ($73.7 million) in 2022, with projections suggesting that this could reach 574 million yuan ($78.7 million) by 2023.

Image Integration: Oil Tanker Fleet Statistics

The chart provided shows the growth of China’s oil tanker fleet from 2019 to 2022, with 2022 seeing a total of 2,352 vessels. This is further broken down into 1,158 ocean-going oil tankers and 1,194 coastal oil tankers, reflecting the steady expansion of the fleet in response to growing demand.

Market Competition Overview

Globally, competition in the oil tanker transport sector is intense, with China’s fleet being highly fragmented. The majority of oil tanker operations are conducted by private and independent companies, with VLCC vessels playing a crucial role in transporting large quantities of crude oil. Despite this fragmentation, Chinese companies, especially VLCC operators, have rapidly expanded their fleet size in recent years, ensuring a competitive edge in the global oil tanker transport industry.

Major players in the Chinese oil tanker industry include:

China Merchants Energy Shipping Co., Ltd. (招商局能源运输股份有限公司)

COSCO Shipping Energy Transportation Co., Ltd. (中远海能股份有限公司)

Nanjing Tanker Corporation (南京油运股份有限公司)

Future Market Trends

Looking ahead, global economic recovery will lead to a stable and healthy increase in demand for oil tanker transportation. Product oil tanker services are expected to show significant improvement. The report forecasts that crude oil prices and base oil prices will remain at elevated levels, leading to increased revenues from VLCC operations, with small tanker operations also showing signs of recovery.

Image Integration: Future Oil Tanker Transport Trends

Three key trends are outlined in the report:

Demand Growth and Technological Innovation: As China continues to be one of the world's largest importers of crude oil, the demand for oil tankers will remain high. Technological advancements, especially in new oil technologies and shipping management systems, are expected to improve the industry's efficiency and sustainability.

Energy Policy and Environmental Pressure: The Chinese government is focused on promoting clean energy sources and renewable energy, which will influence the oil tanker industry. Increased environmental regulations could lead to stricter fuel efficiency and sustainability requirements for oil tankers.

Digitization and Automation: The adoption of digital and automated systems in oil tanker transport, including intelligent management systems and autonomous ship technologies, will further enhance efficiency and safety in the sector.

This report, the "2025-2031 China Oil Tanker Transport Industry Market Operation Status and Development Prospect Assessment Report," is a crucial tool for understanding the evolution of China's oil tanker industry. It is a product of Chinacuity’s in-depth research and analysis and provides critical insights for government departments, research institutions, and industry professionals alike.

Table of contents

Chapter 1: Overview of the Development of the Oil Tanker Transportation Industry in China (2023)

Section 1: Definition and Classification of the Oil Tanker Transportation Industry

  1. Definition and Classification of the Oil Tanker Transportation Industry
  2. Main Business Models of the Oil Tanker Transportation Industry
  3. Characteristics of the Oil Tanker Transportation Industry

Section 2: Political and Legal Environment Analysis of the Oil Tanker Transportation Industry

  1. Analysis of the Industry Management System
  2. Key Laws and Regulations in the Industry
  3. Relevant Development Plans for the Industry

Section 3: Economic Environment Analysis of the Oil Tanker Transportation Industry

  1. Analysis of the Global Macroeconomic Situation
  2. Analysis of the Domestic Macroeconomic Situation
  3. Analysis of the Macroeconomic Environment of the Industry

Section 4: Technological Environment Analysis of the Oil Tanker Transportation Industry

  1. Level of Technological Development in Oil Tanker Transportation
  2. Current Status and Development Trends of Major Technologies in the Industry

Chapter 2: Analysis of the Global Oil Tanker Transportation Industry and Lessons Learned (2023)

Section 1: Overview of the Global Oil Tanker Transportation Industry

  1. Analysis of the Global Market Size of the Oil Tanker Transportation Industry
  2. Analysis of the Current Situation in the Global Oil Tanker Transportation Market
  3. Analysis of the Competitive Landscape in the Global Oil Tanker Transportation Industry

Section 2: Analysis of the Development Status of Major Oil Tanker Transportation Markets Abroad

  1. Analysis of the Development Status of the Oil Tanker Transportation Industry in Europe
  2. Analysis of the Development Status of the Oil Tanker Transportation Industry in the United States
  3. Analysis of the Development Status of the Oil Tanker Transportation Industry in Japan

Section 3: Forecast of the Development Prospects of the Global Oil Tanker Transportation Industry (2025-2031)

Chapter 3: Analysis of the Development Trends of the Oil Tanker Transportation Industry in China (2023)

Section 1: Development Status of the Oil Tanker Transportation Industry in China (2023)

  1. Current Status of Brand Development in the Oil Tanker Transportation Industry
  2. Current Status of the Consumer Market in the Oil Tanker Transportation Industry
  3. Analysis of Market Demand Segments for Oil Tanker Transportation
  4. Analysis of Market Trends in the Oil Tanker Transportation Industry in China

Section 2: Development Status of the Oil Tanker Transportation Industry in China

  1. Review of the Development of the Oil Tanker Transportation Industry in China in 2023
  2. Analysis of the Development Status of the Oil Tanker Transportation Industry in China in 2023
  3. Analysis of the Characteristics of the Oil Tanker Transportation Market in China in 2023

Section 3: Supply and Demand Analysis of the Oil Tanker Transportation Industry in China

  1. Analysis of the Total Supply in the Oil Tanker Transportation Market in China (2023)
  2. Analysis of the Demand Structure in the Oil Tanker Transportation Market in China (2023)

Chapter 4: Competitive Landscape and Strategies in the Oil Tanker Transportation Industry in China (2023)

Section 1: Overall Market Competition Analysis in the Industry

  1. Analysis of the Competitive Structure of the Oil Tanker Transportation Industry
    1. Competition Among Existing Enterprises
    2. Analysis of Potential Entrants
    3. Threat of Substitute Products
    4. Bargaining Power of Suppliers
    5. Bargaining Power of Customers
    6. Summary of the Characteristics of the Competitive Structure
  2. Analysis of the Competitive Landscape Among Enterprises in the Oil Tanker Transportation Industry

Section 2: Overview of the Competitive Landscape in China’s Oil Tanker Transportation Industry

  1. Overview of Competition in the Oil Tanker Transportation Industry
  2. Analysis of the Competitiveness of China’s Oil Tanker Transportation Industry
    1. Competitiveness Analysis of China’s Oil Tanker Transportation Industry
    2. Competitive Advantages of Chinese Oil Tanker Transportation Enterprises
    3. Ways to Enhance the Competitiveness of Domestic Oil Tanker Transportation Enterprises
  3. Analysis of Competition Strategies in China’s Oil Tanker Transportation Market (2025-2031)

Chapter 5: Analysis and Forecast of the Development Status and Trends in Seven Major Regions of China’s Oil Tanker Transportation Industry (2023)

Section 1: Analysis and Forecast of the Oil Tanker Transportation Industry in North China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in North China (2020-2024)
  3. Forecast of Industry Trends in North China (2025-2031)

Section 2: Analysis and Forecast of the Oil Tanker Transportation Industry in Northeast China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in Northeast China (2020-2024)
  3. Forecast of Industry Trends in Northeast China (2025-2031)

Section 3: Analysis and Forecast of the Oil Tanker Transportation Industry in East China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in East China (2020-2024)
  3. Forecast of Industry Trends in East China (2025-2031)

Section 4: Analysis and Forecast of the Oil Tanker Transportation Industry in Central China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in Central China (2020-2024)
  3. Forecast of Industry Trends in Central China (2025-2031)

Section 5: Analysis and Forecast of the Oil Tanker Transportation Industry in South China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in South China (2020-2024)
  3. Forecast of Industry Trends in South China (2025-2031)

Section 6: Analysis and Forecast of the Oil Tanker Transportation Industry in Southwest China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in Southwest China (2020-2024)
  3. Forecast of Industry Trends in Southwest China (2025-2031)

Section 7: Analysis and Forecast of the Oil Tanker Transportation Industry in Northwest China

  1. Analysis of Regional Characteristics and Economic Development Overview (2020-2024)
  2. Analysis of Market Size in Northwest China (2020-2024)
  3. Forecast of Industry Trends in Northwest China (2025-2031)

Chapter 6: Analysis of the Industrial Chain of the Oil Tanker Transportation Industry in China (2023)

Section 1: Analysis of the Industrial Chain of the Oil Tanker Transportation Industry

  1. Analysis of the Structure of the Industrial Chain
  2. Value-Added Potential of Key Links
  3. Interrelationships Between Upstream and Downstream Industries

Section 2: Analysis of the Upstream Industry in Oil Tanker Transportation

Section 3: Analysis of the Downstream Industry in Oil Tanker Transportation

  1. Distribution of Downstream Industries in Oil Tanker Transportation
  2. Development Status of Downstream Industries (2020-2024)
  3. Development Trends of Downstream Industries (2025-2031)

Chapter 7: Development Analysis of Key Enterprises in China’s Oil Tanker Transportation Industry (2023)

Section 1: China COSCO Shipping Energy Transportation Co., Ltd. (中远海运能源运输股份有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Section 2: China Merchants Energy Shipping Co., Ltd. (招商局能源运输股份有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Section 3: China Merchants Nanjing Tanker Co., Ltd. (招商局南京油运股份有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Section 4: China National Aviation Fuel Group Co., Ltd. (中国航空油料集团有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Section 5: Nanjing Shenghang Shipping Co., Ltd. (南京盛航海运股份有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Section 6: Ningbo Marine Co., Ltd. (宁波海运股份有限公司)

  1. Company Overview
  2. Business Operations
  3. Competitiveness Analysis
  4. Development Strategy

Chapter 8: Strategic Management Recommendations for Oil Tanker Transportation Enterprises in China (2023)

Section 1: Strategies to Improve the Competitiveness of Oil Tanker Transportation Enterprises

  1. Countermeasures to Enhance the Core Competitiveness of China’s Oil Tanker Transportation Enterprises
  2. Main Directions for Enhancing Competitiveness in Oil Tanker Transportation Enterprises
  3. Factors Affecting the Core Competitiveness of Oil Tanker Transportation Enterprises and Ways to Improve Them
  4. Strategies to Enhance the Competitiveness of Oil Tanker Transportation Enterprises

Section 2: Strategic Considerations for China’s Oil Tanker Transportation Brands

  1. Significance of Implementing a Brand Strategy in Oil Tanker Transportation
  2. Analysis of the Current Status of Oil Tanker Transportation Brands
  3. Brand Strategy for China’s Oil Tanker Transportation Enterprises
  4. Brand Strategy Management in Oil Tanker Transportation

Chapter 9: Forecast of the Development Prospects of China’s Oil Tanker Transportation Industry (2025-2031)

Section 1: Key Factors Affecting the Development of the Oil Tanker Transportation Industry

  1. Favorable Factors Affecting the Operation of the Oil Tanker Transportation Industry
  2. Stable Factors Affecting the Operation of the Oil Tanker Transportation Industry
  3. Adverse Factors Affecting the Operation of the Oil Tanker Transportation Industry
  4. Challenges Facing the Development of China’s Oil Tanker Transportation Industry
  5. Opportunities for the Development of China’s Oil Tanker Transportation Industry

Section 2: Review of Investment in the Oil Tanker Transportation Industry

  1. Statistics on the Scale and Growth Rate of Investments in the Oil Tanker Transportation Industry
  2. Analysis of the Investment Structure in the Oil Tanker Transportation Industry

Section 3: Forecast of the Investment Scale and Growth Rate in the Oil Tanker Transportation Industry (2025-2031)

Section 4: Forecast of Development Trends in the Oil Tanker Transportation Industry (2025-2031)

  1. Analysis of Driving Factors in the Development of the Oil Tanker Transportation Industry
  2. Forecast of Development Trends in the Oil Tanker Transportation Industry
  3. Forecast of the Demand Scale for Oil Tanker Transportation
  4. Forecast of China’s Global Market Share in the Oil Tanker Transportation Industry (2025-2031)

Section 5: Current Investment Status and Recommendations for the Oil Tanker Transportation Industry

  1. Analysis of Investment Projects in the Oil Tanker Transportation Industry
  2. Analysis of Investment Opportunities in the Oil Tanker Transportation Industry
  3. Investment Risk Warnings in the Oil Tanker Transportation Industry
  4. Investment Strategy Recommendations for the Oil Tanker Transportation Industry

List of Figures and Tables

  • Figure 1: Number of Global Ocean-Going Oil Tankers of 100 Tons or More (2018-2023)
  • Figure 2: Capacity of Global Ocean-Going Oil Tankers of 100 Tons or More (2018-2023)
  • Figure 3: Daily Earnings of Different Oil Tanker Types on Representative Routes in 2023 (USD/day)
  • Figure 4: International Crude Oil Price Trends (2018-2022)
  • Figure 5: VLCC TD3C-TCE and WS Trends in 2023
  • Figure 6: Delivery and Scrapping of Oil Tankers by Type (2023-2024)
  • Figure 7: Regional Distribution of Capacity for Ocean-Going Oil Tankers of 100 Tons or More in 2023
  • Figure 8: Revenue from Oil Tanker Transportation for Major Oil Tanker Transportation Enterprises in 2023
  • Figure 9: Number and Breakdown of Oil Tankers in China (2018-2023)
  • Figure 10: Total Oil Tanker Transportation Volume in China (2018-2023)
  • Figure 11: Capacity of Oil Tankers in China (2018-2023)
  • Figure 12: Breakdown of Oil Tanker Transportation Volume by Product Type in China (2018-2023)
  • Figure 13: Capacity of Major Enterprises in the Oil Tanker Transportation Industry in China (2023)

More figures and tables can be found in the full report...

 

 

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