Tanker fleet control

Independent tanker owners own more than 80% of the fleet or more than 250 million dwt of tanker tonnage. The second biggest ownership category is the state-owned oil companies controlling some 8% of the fleet, including large companies such as Vela International Marine Ltd (5,664,128 dwt, 20 tankers), National Iranian Tanker Co (4,538,308 dwt, 26 tankers), Kuwait Oil Tanker (3,207,088 dwt, 20 tankers) and PERTAMINA (903,515 dwt, 33 tankers).

The oil majors (BPAmoco, ChevronTexaco, ExxonMobil, and Shell) own some 2% of the fleet and manage another 2%, according to the Fairplay database. State-owned companies control some 3% and Chinese owners control about 3 mil dwt or more than 80 tankers in this segment. Other oil companies control another 3%.

The EA Gibson fleet tanker book 2002 lists some 60 charterers with 1-37 tankers totalling close to 70 mil dwt on period charters. The majors have some 16 mil dwt, the biggest period charterer being ExxonMobil, and other OCIMF members some 18 mil dwt on period contracts. Japanese oil companies have some 19 million dwt on period charter.