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Industry Research
Crude & Refined Oil Sea Transportation Industry Research Report 2026
Market perspective
The global Crude & Refined Oil Sea Transportation market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Crude & Refined Oil Sea Transportation market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Crude & Refined Oil Sea Transportation market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Crude & Refined Oil Sea Transportation market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Crude & Refined Oil Sea Transportation include Bahri, DHT Holdings, Euronav, Frontline Ltd, HMM Co. Ltd., International Seaways, MOL, Overseas Shipholding Group and Scorpio Tankers, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Crude & Refined Oil Sea Transportation market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Crude & Refined Oil Sea Transportation.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Crude & Refined Oil Sea Transportation Market by Company
Bahri
DHT Holdings
Euronav
Frontline Ltd
HMM Co. Ltd.
International Seaways
MOL
Overseas Shipholding Group
Scorpio Tankers
SFL Corp
Teekay
TORM
Tsakos Energy Navigation
SIPG
Nanjing Tanker Corporation
China Changjiang Bunker (Sinopec) Co., Ltd.
COSCO Shipping Ports Ltd.
Crude & Refined Oil Sea Transportation Segment by Type
Crude Oil Transportation
Refined Oil Transportation
Others
Crude & Refined Oil Sea Transportation Segment by Application
Military
Civil
Crude & Refined Oil Sea Transportation Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Crude & Refined Oil Sea Transportation market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Crude & Refined Oil Sea Transportation and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Crude & Refined Oil Sea Transportation.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Crude & Refined Oil Sea Transportation companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Crude Oil Transportation
- Refined Oil Transportation
- Others
Applications
- Military
- Civil
Companies covered
- Bahri
- DHT Holdings
- Euronav
- Frontline Ltd
- HMM Co. Ltd.
- International Seaways
- MOL
- Overseas Shipholding Group
- Scorpio Tankers
- SFL Corp
- Teekay
- TORM
- Tsakos Energy Navigation
- SIPG
- Nanjing Tanker Corporation
- China Changjiang Bunker (Sinopec) Co., Ltd.
- COSCO Shipping Ports Ltd.
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Crude & Refined Oil Sea Transportation by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Crude Oil Transportation
- 2.2.3 Refined Oil Transportation
- 2.2.4 Others
- 2.3 Crude & Refined Oil Sea Transportation by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Military
- 2.3.3 Civil
- 2.4 Assumptions and Limitations
3 Crude & Refined Oil Sea Transportation Breakdown Data by Type
- 3.1 Global Crude & Refined Oil Sea Transportation Historic Market Size by Type (2021-2026)
- 3.2 Global Crude & Refined Oil Sea Transportation Forecasted Market Size by Type (2027-2032)
4 Crude & Refined Oil Sea Transportation Breakdown Data by Application
- 4.1 Global Crude & Refined Oil Sea Transportation Historic Market Size by Application (2021-2026)
- 4.2 Global Crude & Refined Oil Sea Transportation Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Crude & Refined Oil Sea Transportation Market Perspective (2021-2032)
- 5.2 Global Crude & Refined Oil Sea Transportation Growth Trends by Region
- 5.2.1 Global Crude & Refined Oil Sea Transportation Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Crude & Refined Oil Sea Transportation Historic Market Size by Region (2021-2026)
- 5.2.3 Crude & Refined Oil Sea Transportation Forecasted Market Size by Region (2027-2032)
- 5.3 Crude & Refined Oil Sea Transportation Market Dynamics
- 5.3.1 Crude & Refined Oil Sea Transportation Industry Trends
- 5.3.2 Crude & Refined Oil Sea Transportation Market Drivers
- 5.3.3 Crude & Refined Oil Sea Transportation Market Challenges
- 5.3.4 Crude & Refined Oil Sea Transportation Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Crude & Refined Oil Sea Transportation Players by Revenue
- 6.1.1 Global Top Crude & Refined Oil Sea Transportation Players by Revenue (2021-2026)
- 6.1.2 Global Crude & Refined Oil Sea Transportation Revenue Market Share by Players (2021-2026)
- 6.2 Global Crude & Refined Oil Sea Transportation Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Crude & Refined Oil Sea Transportation Head Office and Area Served
- 6.4 Global Crude & Refined Oil Sea Transportation Players, Product Type & Application
- 6.5 Global Crude & Refined Oil Sea Transportation Manufacturers Established Date
- 6.6 Global Crude & Refined Oil Sea Transportation Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Crude & Refined Oil Sea Transportation Market Size (2021-2032)
- 7.2 North America Crude & Refined Oil Sea Transportation Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Crude & Refined Oil Sea Transportation Market Size by Country (2021-2026)
- 7.4 North America Crude & Refined Oil Sea Transportation Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Crude & Refined Oil Sea Transportation Market Size (2021-2032)
- 8.2 Europe Crude & Refined Oil Sea Transportation Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Crude & Refined Oil Sea Transportation Market Size by Country (2021-2026)
- 8.4 Europe Crude & Refined Oil Sea Transportation Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Crude & Refined Oil Sea Transportation Market Size (2021-2032)
- 9.2 Asia-Pacific Crude & Refined Oil Sea Transportation Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Crude & Refined Oil Sea Transportation Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Crude & Refined Oil Sea Transportation Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Crude & Refined Oil Sea Transportation Market Size (2021-2032)
- 10.2 South America Crude & Refined Oil Sea Transportation Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Crude & Refined Oil Sea Transportation Market Size by Country (2021-2026)
- 10.4 South America Crude & Refined Oil Sea Transportation Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Crude & Refined Oil Sea Transportation Market Size (2021-2032)
- 11.2 Middle East & Africa Crude & Refined Oil Sea Transportation Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Crude & Refined Oil Sea Transportation Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Crude & Refined Oil Sea Transportation Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Bahri
- 12.1.1 Bahri Company Information
- 12.1.2 Bahri Business Overview
- 12.1.3 Bahri Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.1.4 Bahri Crude & Refined Oil Sea Transportation Product Portfolio
- 12.1.5 Bahri Recent Developments
- 12.2 DHT Holdings
- 12.2.1 DHT Holdings Company Information
- 12.2.2 DHT Holdings Business Overview
- 12.2.3 DHT Holdings Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.2.4 DHT Holdings Crude & Refined Oil Sea Transportation Product Portfolio
- 12.2.5 DHT Holdings Recent Developments
- 12.3 Euronav
- 12.3.1 Euronav Company Information
- 12.3.2 Euronav Business Overview
- 12.3.3 Euronav Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.3.4 Euronav Crude & Refined Oil Sea Transportation Product Portfolio
- 12.3.5 Euronav Recent Developments
- 12.4 Frontline Ltd
- 12.4.1 Frontline Ltd Company Information
- 12.4.2 Frontline Ltd Business Overview
- 12.4.3 Frontline Ltd Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.4.4 Frontline Ltd Crude & Refined Oil Sea Transportation Product Portfolio
- 12.4.5 Frontline Ltd Recent Developments
- 12.5 HMM Co. Ltd.
- 12.5.1 HMM Co. Ltd. Company Information
- 12.5.2 HMM Co. Ltd. Business Overview
- 12.5.3 HMM Co. Ltd. Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.5.4 HMM Co. Ltd. Crude & Refined Oil Sea Transportation Product Portfolio
- 12.5.5 HMM Co. Ltd. Recent Developments
- 12.6 International Seaways
- 12.6.1 International Seaways Company Information
- 12.6.2 International Seaways Business Overview
- 12.6.3 International Seaways Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.6.4 International Seaways Crude & Refined Oil Sea Transportation Product Portfolio
- 12.6.5 International Seaways Recent Developments
- 12.7 MOL
- 12.7.1 MOL Company Information
- 12.7.2 MOL Business Overview
- 12.7.3 MOL Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.7.4 MOL Crude & Refined Oil Sea Transportation Product Portfolio
- 12.7.5 MOL Recent Developments
- 12.8 Overseas Shipholding Group
- 12.8.1 Overseas Shipholding Group Company Information
- 12.8.2 Overseas Shipholding Group Business Overview
- 12.8.3 Overseas Shipholding Group Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.8.4 Overseas Shipholding Group Crude & Refined Oil Sea Transportation Product Portfolio
- 12.8.5 Overseas Shipholding Group Recent Developments
- 12.9 Scorpio Tankers
- 12.9.1 Scorpio Tankers Company Information
- 12.9.2 Scorpio Tankers Business Overview
- 12.9.3 Scorpio Tankers Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.9.4 Scorpio Tankers Crude & Refined Oil Sea Transportation Product Portfolio
- 12.9.5 Scorpio Tankers Recent Developments
- 12.10 SFL Corp
- 12.10.1 SFL Corp Company Information
- 12.10.2 SFL Corp Business Overview
- 12.10.3 SFL Corp Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.10.4 SFL Corp Crude & Refined Oil Sea Transportation Product Portfolio
- 12.10.5 SFL Corp Recent Developments
- 12.11 Teekay
- 12.11.1 Teekay Company Information
- 12.11.2 Teekay Business Overview
- 12.11.3 Teekay Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.11.4 Teekay Crude & Refined Oil Sea Transportation Product Portfolio
- 12.11.5 Teekay Recent Developments
- 12.12 TORM
- 12.12.1 TORM Company Information
- 12.12.2 TORM Business Overview
- 12.12.3 TORM Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.12.4 TORM Crude & Refined Oil Sea Transportation Product Portfolio
- 12.12.5 TORM Recent Developments
- 12.13 Tsakos Energy Navigation
- 12.13.1 Tsakos Energy Navigation Company Information
- 12.13.2 Tsakos Energy Navigation Business Overview
- 12.13.3 Tsakos Energy Navigation Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.13.4 Tsakos Energy Navigation Crude & Refined Oil Sea Transportation Product Portfolio
- 12.13.5 Tsakos Energy Navigation Recent Developments
- 12.14 SIPG
- 12.14.1 SIPG Company Information
- 12.14.2 SIPG Business Overview
- 12.14.3 SIPG Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.14.4 SIPG Crude & Refined Oil Sea Transportation Product Portfolio
- 12.14.5 SIPG Recent Developments
- 12.15 Nanjing Tanker Corporation
- 12.15.1 Nanjing Tanker Corporation Company Information
- 12.15.2 Nanjing Tanker Corporation Business Overview
- 12.15.3 Nanjing Tanker Corporation Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.15.4 Nanjing Tanker Corporation Crude & Refined Oil Sea Transportation Product Portfolio
- 12.15.5 Nanjing Tanker Corporation Recent Developments
- 12.16 China Changjiang Bunker (Sinopec) Co., Ltd.
- 12.16.1 China Changjiang Bunker (Sinopec) Co., Ltd. Company Information
- 12.16.2 China Changjiang Bunker (Sinopec) Co., Ltd. Business Overview
- 12.16.3 China Changjiang Bunker (Sinopec) Co., Ltd. Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.16.4 China Changjiang Bunker (Sinopec) Co., Ltd. Crude & Refined Oil Sea Transportation Product Portfolio
- 12.16.5 China Changjiang Bunker (Sinopec) Co., Ltd. Recent Developments
- 12.17 COSCO Shipping Ports Ltd.
- 12.17.1 COSCO Shipping Ports Ltd. Company Information
- 12.17.2 COSCO Shipping Ports Ltd. Business Overview
- 12.17.3 COSCO Shipping Ports Ltd. Revenue in Crude & Refined Oil Sea Transportation Business (2021-2026)
- 12.17.4 COSCO Shipping Ports Ltd. Crude & Refined Oil Sea Transportation Product Portfolio
- 12.17.5 COSCO Shipping Ports Ltd. Recent Developments
13 Report Conclusion
14 Disclaimer
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