Jun 11, 2026
The first newly built dual-fuel ammonia-powered vessel, named Antwerpen, entered service on June 10, 2026, for the French division of Exmar, according to The Maritime Executive. The ship is the first of three such vessels scheduled for delivery to Exmar this year, with a fourth expected in early 2027. Each vessel has a total capacity of 46,000 cubic meters of ammonia and is designed as an ammonia gas carrier that can also use ammonia as fuel.
The development project for these ships began in 2022, involving collaboration between Exmar, HD Hyundai, Hyundai Mipo (recently merged with HD Hyundai Heavy Industries in Ulsan), WinGD, Nord Gas Solutions (formerly Wartsila Gas Solutions), and Lloyds Register. Exmar worked closely with the Belgian administration and Lloyds Register to establish the international framework and regulations permitting ammonia as a marine fuel on a gas carrier, as previous regulations did not allow toxic cargoes like ammonia to be used as fuel on such vessels.
WinGD developed a 52-bore engine for the vessel, built by HD Hyundai Heavy Industries Engine and Machinery Business Unit. The engine, installed in the summer of 2025, features high-pressure ammonia injection with a low pilot fuel dose of around five percent at full load. It delivers load handling, dynamic response, and fuel efficiency comparable to WinGD’s equivalent diesel-fueled X Engines in both ammonia and diesel operating modes.
The first two ships, named Antwerpen and Arlon after two Belgian cities, each measure 190 meters (623 feet) in length and are 27,000 deadweight tons. They were designed for transporting liquefied gas cargoes, including ammonia and LPG. Exmar noted that the vessels were deliberately lengthened by 10 meters (approximately 33 feet) during the design stage, with a slight increase in beam, to achieve a higher cargo intake compared to the standard design. Hyundai developed proprietary technology for three tanks providing 45,000 cubic meters of storage below deck, plus two 500-cubic-meter deck tanks.
HD Hyundai highlighted that ammonia can be stored in pressurized tanks at around 8 bar or in refrigerated tanks at -33 degrees Celsius without cryogenic technology. In liquid form, it has about 1.7 times higher storage density than liquefied hydrogen at the same volume, making it suitable for large-scale, long-distance transport and storage of hydrogen. The vessels are projected to lower emissions by up to 90 percent compared to conventional ships.
Exmar expressed confidence that the knowledge, technology, and operational experience from these ships will help accelerate the adoption of ammonia as a marine fuel, with lessons learned expected to apply to many other vessel types. The Antwerpen completed delivery and departed from Ulsan bound for Zhoushan, China. Its sister ship Arlon will be delivered in the coming months, and a third, unnamed vessel will be delivered before the end of the year.
Data from DNV’s Alternative Fuels Insights database indicates there are only three small converted vessels—two tugs and an offshore supply vessel—capable of ammonia-fueled operations. However, CMP.TECH’s Bocimar division will soon follow with the first ammonia-fueled bulker. DNV calculates a total of 47 vessels on order for delivery by 2030 that will be capable of ammonia-fueled operations.
Interactive table based on the Store Companies dataset for this report.
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#
Company
Headquarters
Focus
Scale
Note
1
CMA CGM
Marseille
Logistics, Containerships, LNG
Global
Major shipping group, orders LNG-powered tankers
2
TotalEnergies
Paris
Energy, Oil & Gas Shipping
Global
Owns/operates fleet for oil, LNG, product transport
3
Gaztransport & Technigaz (GTT)
Saint-Rémy-lès-Chevreuse
LNG Tanker Design & Engineering
Global
Technology for LNG containment systems
4
Bourbon Offshore
Marseille
Offshore Support, Oil Services
Global
Offshore vessels, some tanker operations
5
Louis Dreyfus Armateurs
Paris
Shipping, Logistics, Offshore
Large
Diverse fleet including tankers
6
Socatra
Paris
Oil Product Trading & Shipping
Medium
Owns/operates product tankers
7
Geogas Trading
Paris
LPG Trading & Shipping
Medium
Involved in LPG tanker operations
8
RUBIS
Paris
Energy Distribution, Storage
Medium
Operates terminals and coastal tankers
9
Jifmar Offshore Services
Marseille
Offshore Support, DP Vessels
Medium
Specialized offshore vessels
10
Sogestran
Lyon
Inland & Short Sea Shipping
Medium
Inland tanker operations
11
Compagnie Maritime Nantaise – MN
Nantes
Bulk & General Cargo
Medium
Historical, some tanker operations
12
Sogestran Shipping
Lyon
Coastal & Inland Tankers
Medium
Part of Sogestran Group
13
Les Abeilles
Rouen
Towing, Salvage, Offshore
Medium
Emergency response, some tanker assistance
14
D’Honnières & Cie
Paris
Shipowning & Management
Small
Owns/operates product tankers
15
SCAC (Delmas)
Puteaux
Logistics, Africa Services
Medium
Part of CMA CGM, historical tanker ops
16
Sofrana Unilines
Puteaux
Pacific Islands Shipping
Small
Multipurpose including tankers
17
Marfret
Marseille
Container Shipping
Medium
Limited tanker-related activities
18
Sea Tankers
Marseille
Chemical & Product Tankers
Small
Specialized chemical tanker operator
19
V.Ships France
Paris
Ship Management & Services
Medium
Manages various vessel types
20
OCEANIC TANKER Co.
Paris
Tanker Ownership/Management
Small
Private tanker company
21
SAGA TANKERS
Paris
Product Tanker Operations
Small
Private product tanker owner
22
Méridon
Paris
Shipowning & Investment
Small
Holds interests in tankers
23
SOPROMER
Marseille
Shipowning & Management
Small
Owns/operates chemical tankers
24
Compagnie Nationale de Navigation
Paris
Rhine River Shipping
Small
Inland tanker operations
25
Bolloré Logistics
Puteaux
Logistics, Port Operations
Global
Indirect via port/terminal operations
26
Groupe Roullier
Saint-Malo
Fertilizers, Maritime Transport
Large
Owns vessels for bulk liquids
27
MSC France
Marseille
Container Shipping
Global
HQ in Switzerland, French subsidiary
28
SeaOwl
Rueil-Malmaison
Maritime Services, Crewing
Medium
Services to tanker operators
29
AXS Marine
Paris
Shipping Software & Analytics
Small
Serves tanker market
30
Barry Rogliano Salles (BRS)
Paris
Shipbroking, Tanker Specialist
Global
Broker, not a producer/owner
This report provides a comprehensive view of the tanker industry in France, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the tanker landscape in France.
Quick navigation
Key findings
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for France. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProdcom 30112210 – Crude oil tankersProdcom 30112230 – Oil product tankersProdcom 30112250 – Chemical tankersProdcom 30112270 – Gas carriersCountry coverageCountry profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for France. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links tanker demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in France.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of tanker dynamics in France.
FAQ
What is included in the tanker market in France?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for France.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Report Scope and Analytical Framing
Report DescriptionResearch Methodology and the Analytical FrameworkData-Driven Decisions for Your BusinessGlossary and Product-Specific Terms2. EXECUTIVE SUMMARY
Concise View of Market Direction
Key FindingsMarket TrendsStrategic ImplicationsKey Risks and Watchpoints3. DOMESTIC MARKET SIZE AND DEVELOPMENT PATH
Market Size, Growth and Scenario Framing
Market Size: Historical Data (2012-2025) and Forecast (2026-2035)Growth Outlook and Market Development Path to 2035Growth Driver DecompositionScenario Framework and Sensitivities4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES
Commercial and Technical Scope
What Is Included and How the Market Is DefinedMarket Inclusion CriteriaProduct / Category DefinitionExclusions and BoundariesDistinction From Adjacent Products and Substitute Categories5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX
How the Market Splits Into Decision-Relevant Buckets
By Product Type / ConfigurationBy Application / End UseBy Customer / Buyer TypeBy Channel / Business Model / Technology PlatformSegment Attractiveness MatrixProduct Matrix and Segment Growth Logic6. DOMESTIC DEMAND, CUSTOMER AND BUYER ARCHITECTURE
Where Demand Comes From and How It Behaves
Consumption / Demand: Historical Data (2012-2025) and Forecast (2026-2035)Demand by End-Use and Buyer GroupDemand by Customer / Consumer SegmentPurchase Criteria, Switching Logic and Adoption BarriersReplacement, Replenishment and Installed-Base DynamicsFuture Demand Outlook7. DOMESTIC PRODUCTION, SUPPLY AND VALUE CHAIN
Supply Footprint and Value Capture
Production in the CountryDomestic Manufacturing FootprintCapacity, Bottlenecks and Supply RisksValue Chain Logic and Margin PoolsDistribution and Route-to-Market Structure8. IMPORTS, EXPORTS AND SOURCING STRUCTURE
Trade Flows and External Dependence
ExportsImportsTrade BalanceImport DependenceSourcing Risks and Resilience9. PRICING, PROMOTION AND COMMERCIAL MODEL
Price Formation and Revenue Logic
Domestic Price Levels and CorridorsPricing by Segment / Specification / ChannelCost Drivers and Margin LogicPromotion, Discounting and Procurement PatternsRevenue Quality and Commercial Levers10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER
Who Wins and Why
Market Structure and ConcentrationCompetitive ArchetypesSegment-by-Segment Competitive IntensityPortfolio Breadth and Product PositioningCapability MatrixStrategic Moves, Partnerships and Expansion Signals11. DOMESTIC MARKET STRUCTURE AND CHANNEL LOGIC
How the Domestic Market Works
Core Demand CentersLocal Production and Distribution RolesChannel StructureBuyer and Procurement ArchitectureRegional Imbalances Within the Country12. GROWTH PLAYBOOK AND MARKET ENTRY
Commercial Entry and Scaling Priorities
Where to PlayHow to WinDistributor / Partner / Direct Entry OptionsCapability ThresholdsEntry Risks and Mitigation13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES
Where the Best Expansion Logic Sits
Most Attractive Product NichesMost Attractive Customer SegmentsWhite Spaces and Unsaturated OpportunitiesHigh-Margin and Underpenetrated PocketsMost Promising Product Adjacencies14. PROFILES OF MAJOR COMPANIES
Leading Players and Strategic Archetypes
Leading Manufacturers and SuppliersProduction Footprint and CapacitiesProduct Portfolio and Segment FocusPricing Positioning and Indicative Price LogicChannel / Distribution StrengthStrategic Archetypes15. METHODOLOGY, SOURCES AND DISCLAIMER
How the Report Was Built
Modeling LogicSource RegisterPublications, Regulatory and Industry ReferencesAnalytical NotesDisclaimer
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CMA CGM
Major shipping group, orders LNG-powered tankers
TotalEnergies
Owns/operates fleet for oil, LNG, product transport
Gaztransport & Technigaz (GTT)
Technology for LNG containment systems
Bourbon Offshore
Offshore vessels, some tanker operations
Louis Dreyfus Armateurs
Diverse fleet including tankers
Socatra
Owns/operates product tankers
Geogas Trading
Involved in LPG tanker operations
RUBIS
Operates terminals and coastal tankers
Jifmar Offshore Services
Specialized offshore vessels
Sogestran
Inland tanker operations
Compagnie Maritime Nantaise – MN
Historical, some tanker operations
Sogestran Shipping
Part of Sogestran Group
Les Abeilles
Emergency response, some tanker assistance
D’Honnières & Cie
Owns/operates product tankers
SCAC (Delmas)
Part of CMA CGM, historical tanker ops
Sofrana Unilines
Multipurpose including tankers
Marfret
Limited tanker-related activities
Sea Tankers
Specialized chemical tanker operator
V.Ships France
Manages various vessel types
OCEANIC TANKER Co.
Private tanker company
SAGA TANKERS
Private product tanker owner
Méridon
Holds interests in tankers
SOPROMER
Owns/operates chemical tankers
Compagnie Nationale de Navigation
Inland tanker operations
Bolloré Logistics
Indirect via port/terminal operations
Groupe Roullier
Owns vessels for bulk liquids
MSC France
HQ in Switzerland, French subsidiary
SeaOwl
Services to tanker operators
AXS Marine
Serves tanker market
Barry Rogliano Salles (BRS)
Broker, not a producer/owner
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