In
the past, crude oil and oil products in cargo tankers were separated
from seawater only by a bottom and a side plate that is known as
single hulling of ships. This design of ships was not safe for
transporting black gold and led shipping and oil & gas industry
to disastrous incidents. An effective way to avoid the risk of
spilling is to enfold the oil tankers with a second internal plate
which is at nearly 1.5 - 2 meters distance from the outer plate. Due
to Exxon Valdez disaster in the U.S., oil pollution act of 1990 was
passed to reduce the oil spill accidents and reduce the impact of
potential future spills. According to this act, the tankers operating
in the U.S. water must follow the double hulling in vessel
construction design and all single hulling, double sides and double
bottom hulling designed ships should be discarded. After the Erika
oil spill off, the coast of France, international convention for
prevention of pollution from maritime transportation, the
International Maritime Organization (IMO) also followed the same
double hulled ship design. Double hulling of ships is regarded as the
solutions for the problems of transportation of oil without pollution
and potential accidents at sea. Double hulled vessels provide more
safety than single hulled vessels at sea, provided maintained and
operated adequately.
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Double Hulling of Ships Market Report with Full TOC at
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Double
hulling of ships market can be segmented on the basis of types of the
tankers carrying crude oil and refined product. These tankers range
from coastal tankers to mammoth tankers as ultra large crude carrier
(ULCC), very large crude carriers (VLCC), long range crude vessels,
Afra-max and Pana-max crude and product vessel. ULCC ranges from 320
- 550 thousands dead-weight (DWT), VLCC ranges from 160 - 320
thousands DWT, and others ranges from less than 160 thousands DWT.
Single hulled ships can be converted into double hulled ships with
some change in design. This is a complex process, however due to
increasing governmental and maritime regulations many shipping
companies have adopted this conversion.
Double
hulling of ships was accepted by all the continents after some major
oil spill incidents occurred that took many life and huge investment
in corrective measures. The U.S. is one of the major exporters of
crude products to many countries in Europe and Asia Pacific. This
import-export of crude oil and refined product is only possible by
tankers to countries in Asia Pacific region as pipeline
transportation is not feasible and this is the longest route
globally. Therefore, ships with appropriate construction designs are
required for the safe and pollution free transportation. China and
Japan are the largest manufacturer of the ships with double hulling
design globally.
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Increasing
governmental regulations of maritime transportation is the main
driving factor for double hulling of ships market. The need of
improvements in ship designs for safer transportation of high value
products at sea can augment the growth of this market in the forecast
period. Increasing pipeline network can pose as a restraint for this
market for shorter routes such as transportation from Middle East to
India, the U.S. to European countries and others. However, there is
no other substitute for ships in longer routes, therefore double
hulling of ships market is expected to grow in future with the modest
rate.
Some
of the major players in double hulling of ships market are Mitsubishi
Heavy Industries Ltd., Samsung Heavy Industries Co., Ltd., Hyundai
Heavy Industries Co., Ltd., Imabari Shipbuilding Co., Ltd and
Shanghai Waigaoqiao International Trade Co., Ltd.
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This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
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of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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