Below you can find the list of the 5 largest oil tanker companies in the world. For detailed coverage of this topic and a more comprehensive list, please see the 12 largest oil tanker companies in the world.
5. Frontline Ltd (NYSE: FRO)
Revenue: $957.3 million
Market Cap: $1.22 billion
Assets: $3.134 billion
Number of employees: 70
Headquarters: Hamilton, Bermuda
Frontline Ltd. is one of the largest shipping companies engaged in the transport of crude oil and oil products by sea worldwide. Frontline has 24 very large crude carriers, 28 Suezmax tankers, and 20 Aframaxes, with an average age of only 4 years. Frontline has been formed through a series of major restructuring, mergers, and acquisitions over the last decade.
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4. Scorpio Tankers Inc. (NYSE: STNG)
Revenue: $958.1 million
Market Cap: $700.64 million
Assets: $5.16 billion
Number of employees: 19
Headquarters: Monaco
Scorpio Tankers is a global leader in the transport of refined petroleum products. Scorpio Tankers owns and manages first-class tonnage consisting of the latest generation of fuel-efficient tanker vessels from high-quality shipyards. Scorpio Tankers currently holds or finances 128 product tankers and time or bareboat charters-in 10 product tankers.
3. Euronav NV (NSYE: EURN)
Revenue: $1.4 billion
Market Cap: $1.63 billion
Assets: $3.71 billion
Number of employees: 3,110
Headquarters: Antwerp, Belgium
Euronav is a Belgium-based independent firm engaged in the transport and storage of crude oil. It provides shipping services for the transport of crude oil by sea through its segment of tankers. In addition to its fleet of large tankers, Euronav is known for providing shipping services. The company’s ship management services include but are not limited to, technical services, fleet management, environmental, protection management, commercial and operational management.
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2. Teekay Corp (NYSE: TK)
Revenue: $2 billion
Market Cap: $268.95 million
Assets: $2.23 billion
Number of employees: 6,800
Headquarters:
Teekay is a Canadian-based crude oil tanker company specializing in crude oil, LNG, and LPG tankers. Teekay is one of the largest operators of mid-sized tankers including Suezmax, Aframax, and long-range two (LR2) vessels. Teekay presently owns a network of $12 billion, including gas and oil tankers and offshore structures, under headquarters in Canada, London, Bahamas, Bermuda, and Singapore. Teekay operates a number of Floating Production Storage and Offloading (FPSOs) under its North Sea subsidiary Teekay Petrojarl. Aside from operating world-class oil tankers, Teekay offers services such as pool management, fuel services, and tanker management.
1. Mitsui OSK Lines
Revenue: $10.6 billion
Market Cap: $2.1 billion
Assets: $19.4 billion
Number of employees: 8,941
Headquarters: Tokyo, Japan
Topping the list of the largest oil tanker companies in the world is Mitsui OSK Lines. Widely acknowledged as MOL, the company is one of the largest shipping companies in the world and operates a fleet of more than 930 vessels with a total capacity of 66 million tons of deadweight (DWT). The energy transport segment covers tankers, steam-powered coal carriers, LNG carriers, and offshore companies. The world’s largest oil tanker company also specializes in operating container ships, specialized carriers, and ferries. Mitsui O.S.K. Lines, Ltd. provides shipping, warehousing, and cargo handling services. Products transported include coal, iron ore, grain, logs, aluminum, cement, industrial salt, copper ore, wood chips, cars, paper products, chemical products, gasoline, LPG, and other goods.
Please see also: 15 Biggest Shipping Companies In The World and 15 Biggest Petrochemical Companies In The World.
