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Annual Review

Wet Bulk Vessels-Global Overview

Approximately 48.1 percent of the world's crude oil proven reserves is concentrated in the Middle East region. Growth in global sea-borne trading volumes of oil & oil products has resulted in massive growth of the world wet bulk fleetThe chapter describes the global wet bulk segment in detail through the following points

  • Global crude oil reserves
  • Global crude oil market overview
  • Pattern of trade flows: crude oil & oil products
  • Global wet bulk fleet: an overview
  • Major developments during CY12

Impact Analysis

  • The Shipping Industry – No shore in sight …

Transportation Coverage

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