Suezmax Oil Tanker Market Top Leading Players with Strategies and Forecast 2028

The global Suezmax Oil Tanker market size is projected to reach US$ 7.5 billion by 2028, from US$ 4.6 billion in 2021, at a CAGR of 4% during 2022-2028. This is the largest tanker passing the Suez Canal with the range of deadweight tons from 120,000 to 200,000 and 1,000,000 barrels of oil. Suez Max is a medium to large vessel with a weight tonnage of between 120,000 and 200,000 and is named after the famous Suez Canal. They meet the restrictions of Suez,and are the largest marine vessels capable of passing through the canal in the laden state, and are used almost exclusively in connection with tankers. A typical weight of a Suez Max ship is about 160,000 tons and typically has a beam(width)of 50 meters(164.0 feet). In addition, there is an”air draft”limit—a maximum headroom of 68 meters(223.1 feet), resulting in a height of 70 meters(230 feet)above the water of the Suez Canal Bridge.

 

Segment by Dead Weight Tonnage

120,000-150,000DWT
150,000-200,000DWT

Segment by Application

Crude Oil
Refined Oil
Others

Top Major Key Players:
China CSSC Holdings Limited
Japan Marine United Corporation
Samsung Heavy Industries
KOTC ICT GROUP
DSME Co.,Ltd.
Mitsui E&S Holdings Co., Ltd.
HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD.
General Dynamics NASSCO
Namura Shipbuilding
STX SHIPBUILDING

Scope of the Report

The research study analyzes the global Suezmax Oil Tanker Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Suezmax Oil Tanker Market Report

1. What was the Suezmax Oil Tanker Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Suezmax Oil Tanker Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Suezmax Oil Tanker Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:
• Proliferation and maturation of trade in the global Suezmax Oil Tanker market.
• The market share of the global Suezmax Oil Tanker market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Suezmax Oil Tanker market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Suezmax Oil Tanker market.