Crude Oil Carrier Market overview: 

An oil tanker is a type of ship designed specifically for the transportation of crude oil or other petroleum products. These ships are essential for the global economy, as they transport the majority of the world's oil supply from the production sites to the refineries and distribution centers. In this blog, we will explore some of the key features of oil tanker ships, including their capacity, types, and names.

During the forecast period 2022-2030, the global Crude Oil Carrier Market size is expected to grow to USD 14.5 billion with a significant rate of 4.2% CAGR. 

Capacity of Oil Tanker Ships

The capacity of oil tanker ships can vary widely, depending on the size and type of the vessel. The smallest oil tankers, known as coastal tankers, have a capacity of less than 10,000 tons. At the other end of the spectrum, the largest oil tankers, known as very large crude carriers (VLCCs), have a capacity of up to 2 million barrels of oil. The largest oil tanker ever built was the Seawise Giant, which had a capacity of 4.1 million barrels of oil.

Oil Tanker Ship Names

There are thousands of oil tanker ships in operation around the world, each with its unique name and identification number. Some of the most well-known oil tanker ships include the Exxon Valdez, which was involved in a major oil spill in Alaska in 1989, and the Amoco Cadiz, which caused a massive oil spill off the coast of France in 1978. Other famous oil tanker ships include the Knock Nevis, Jahre Viking, and the Mont, all of which were once among the largest ships in the world.

Types of Oil Tankers

There are several different types of oil tankers, each with its unique characteristics and uses. Some of the most common types of oil tankers include:

VLCC (Very Large Crude Carrier): These are the largest oil tankers, with a capacity of up to 2 million barrels of oil. 

Suezmax: These are the largest tankers that can navigate through the Suez Canal, with a capacity of up to 1 million barrels of oil. 

Aframax: These are smaller tankers that can navigate through the Suez Canal and are typically used for shorter trips.

Panamax: These are tankers that can navigate through the Panama Canal and are typically used for shorter trips.

ULCC (Ultra Large Crude Carrier): These are even larger than VLCCs and can carry up to 5 million barrels of oil.

How Many Oil Tankers in the World? 

As of 2021, there are approximately 11,000 oil tanker ships in operation around the world, according to the International Association of Independent Tanker Owners (INTERTANKO). This includes a variety of different types and sizes of tankers, from small coastal tankers to massive VLCCs and ULCCs.

Crude Oil Carrier Types

Crude oil carriers are a type of oil tanker ship specifically designed for the transportation of crude oil. These ships come in several different types, including:

VLCC (Very Large Crude Carrier): These are the largest crude oil carriers, with a capacity of up to 2 million barrels of oil.

Suezmax: These are the largest crude oil carriers that can navigate through the Suez Canal, with a capacity of up to 1 million barrels of oil. 

Aframax: These are smaller crude oil carriers that can navigate through the Suez Canal and are typically used for shorter trips. 

Crude Oil Carrier Meaning 

The term "crude oil carrier" refers to a type of oil tanker ship that is specifically designed for the transportation of crude oil. These ships are typically larger and more specialized than other types of oil tankers, as crude oil is typically transported in large quantities and over longer distances.