Jun 11, 2026

The American Bureau of Shipping (ABS), a classification society, has entered into a joint development agreement with South Korea’s HD Hyundai Heavy Industries (HD HHI) to support the creation of a new U.S.-flagged oil and chemical tanker, according to ABS.

Under the agreement, the two organizations are pooling resources to develop a 50,000 DWT vessel designed for U.S. flag operations. HD HHI brings extensive experience and advanced technical capabilities in the design and construction of such tankers, as indicated by Executive Vice President Dongjin Lee. The initiative anticipates growing demand for U.S.-flagged vessels, driven by U.S. shipbuilding revitalization policies, and aims to proactively address specific U.S. Coast Guard technical requirements. Through this collaboration, HD HHI seeks to strengthen its competitiveness in the U.S. market and deliver safe, compliant, and high-value vessel solutions.

As part of the deal, ABS will review the HD HHI design in accordance with ABS rules and U.S. Coast Guard requirements. Patrick Ryan, ABS Senior Vice President and Chief Technology Officer, noted that ABS has provided owners and operators with insight and guidance from the first 100,000 DWT tanker to today’s most advanced designs, always with a focus on safety. He added that the initiative with HD HHI reflects ABS’s continuing commitment to supporting practical, forward-looking solutions for the next generation of U.S.-flagged vessels.

This partnership follows shortly after ABS gave SBM Offshore the go-ahead for the Dutch company’s seawater intake riser technology, developed in collaboration with Shell.

Interactive table based on the Store Companies dataset for this report.

Sort: Rank
Sort: Company A-Z
Sort: Headquarters A-Z

#
Company
Headquarters
Focus
Scale
Note

1
Euronav
Houston, Texas
Crude oil tankers
Large fleet
Major global operator, US HQ

2
International Seaways
New York, New York
Crude and product tankers
Large fleet
One of largest US public tanker companies

3
DHT Holdings
Hamilton, Bermuda (Ops: NY)
VLCC crude tankers
Large fleet
Operational management in USA

4
Ardmore Shipping
New York, New York
Product and chemical tankers
Mid-size fleet
Eco-design focus

5
Scorpio Tankers
Monaco (Ops: NY)
Product tankers
Large fleet
Major product carrier operator, US ops

6
Overseas Shipholding Group (OSG)
Tampa, Florida
Crude and product tankers
Mid-size fleet
US Flag fleet operator

7
KNOT Offshore Partners
Aberdeen, UK (Ops: NY)
Shuttle tankers
Specialized fleet
US listed, operational ties

8
Capital Product Partners L.P.
Athens, Greece (Ops: NY)
Product tankers, LNG
Mid-size fleet
US listed partnership

9
Teekay Tankers
Hamilton, Bermuda (Ops: WA)
Crude oil tankers
Large fleet
Significant US operational presence

10
Nordic American Tankers (NAT)
Hamilton, Bermuda (Ops: NY)
Suezmax crude tankers
Fleet operator
US listed, uniform fleet

11
Torm plc
London, UK (Ops: CT)
Product tankers
Large fleet
US operational office

12
Koch Industries (Marine Unit)
Wichita, Kansas
Product tankers, chartering
Large
Private conglomerate with shipping

13
American Petroleum Tankers
San Francisco, California
Jones Act product tankers
Fleet operator
Jones Act focused

14
Seabulk Tankers
Fort Lauderdale, Florida
Chemical and product tankers
Mid-size fleet
Part of SEACOR Holdings

15
Maersk Tankers (US Office)
Copenhagen, DK (Ops: CT)
Product tankers
Large
US commercial office

16
Hornbeck Offshore
Covington, Louisiana
Offshore supply, tank barges
Fleet operator
Specialized offshore tankers

17
Crowley Maritime
Jacksonville, Florida
Tank barges, logistics
Large
Jones Act tank barge operator

18
Keystone Shipping
Bala Cynwyd, Pennsylvania
Tanker chartering/management
Manager/operator
Technical ship management

19
Liberty Global Logistics
Lake Success, New York
Tanker chartering
Manager
Dry and wet bulk chartering

20
Vitol (Shipping Arm)
Houston, Texas
Tanker chartering/trading
Very large
Major trader’s shipping activities

21
World Fuel Services (Marine)
Miami, Florida
Bunkering, tanker chartering
Large
Logistics and chartering

22
Harvey Gulf International
New Orleans, Louisiana
Offshore support, tank barges
Fleet operator
US Gulf focused

23
Centerline Logistics
Seattle, Washington
Tank barges, articulated tug-barge
Fleet operator
US coastwise tank barge operator

24
Maritrans
Tampa, Florida
Jones Act petroleum barges
Fleet operator
US Gulf and East Coast

25
Genesis Marine
Houston, Texas
Tank barge transportation
Fleet operator
US inland and coastal

26
Bouchard Transportation
Melville, New York
Tank barges
Fleet operator
Coastal tank barge operator

27
Moran Towing
New Canaan, Connecticut
Tug/barge, tank barges
Fleet operator
Harbor and coastal tug/barge

28
Vane Brothers
Baltimore, Maryland
Tank barges, harbor services
Fleet operator
US East Coast

29
McAllister Towing & Transportation
New York, New York
Towing, tank barge transport
Fleet operator
Harbor and coastal services

30
Kinsale Capital (Shipping Investments)
Richmond, Virginia
Shipping investments
Investor
Investment in tanker assets

This report provides a comprehensive view of the tanker industry in the United States, 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 the United States.

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 the United States. 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 the United States. 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 the United States.

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 the United States.

FAQ
What is included in the tanker market in the United States?

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 the United States.

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

Loading News content from Store report…

Euronav

Major global operator, US HQ

International Seaways

One of largest US public tanker companies

DHT Holdings

Operational management in USA

Ardmore Shipping

Eco-design focus

Scorpio Tankers

Major product carrier operator, US ops

Overseas Shipholding Group (OSG)

US Flag fleet operator

KNOT Offshore Partners

US listed, operational ties

Capital Product Partners L.P.

US listed partnership

Teekay Tankers

Significant US operational presence

Nordic American Tankers (NAT)

US listed, uniform fleet

Torm plc

US operational office

Koch Industries (Marine Unit)

Private conglomerate with shipping

American Petroleum Tankers

Jones Act focused

Seabulk Tankers

Part of SEACOR Holdings

Maersk Tankers (US Office)

US commercial office

Hornbeck Offshore

Specialized offshore tankers

Crowley Maritime

Jones Act tank barge operator

Keystone Shipping

Technical ship management

Liberty Global Logistics

Dry and wet bulk chartering

Vitol (Shipping Arm)

Major trader’s shipping activities

World Fuel Services (Marine)

Logistics and chartering

Harvey Gulf International

US Gulf focused

Centerline Logistics

US coastwise tank barge operator

Maritrans

US Gulf and East Coast

Genesis Marine

US inland and coastal

Bouchard Transportation

Coastal tank barge operator

Moran Towing

Harbor and coastal tug/barge

Vane Brothers

US East Coast

McAllister Towing & Transportation

Harbor and coastal services

Kinsale Capital (Shipping Investments)

Investment in tanker assets

Loading Reviews content from Store report…

Loading Dashboard content from Store report…

Loading Macro Indicators content from Store report…