- Unipec retained the top spot in the 2024 rankings, demonstrating its continued leadership in the market.
- Polish charterer PKN Orlen made an impressive debut in the top 20 (#16) by diversifying crude oil supplies to seaborne imports, reflecting strategic growth.
- Overall, global cargo volumes increased by 0.8%, and fixtures rose by 2.3% in 2024 compared to 2023, highlighting an upward trend in global activity. Significant changes were observed in VLCC, Suezmax, and Aframax segments, with new entrants like Chevron, PTT, SOCAR, and PKN Orlen showcasing dynamic shifts in rankings.
The annual rankings for 2024 from Poten & Partners reveal intriguing trends in the shipping and oil markets. These changes underscore the evolving strategies of global players, as reported by Poten & Partners.
Rise of New Players
Polish charterer PKN Orlen entered the rankings at #16 for the first time. By diversifying its crude oil sources to the Middle East and North Sea, PKN Orlen demonstrated innovative strategic moves, emphasizing its adaptability.
VLCC Market Trends
India’s IOC (#2) and Brazil’s Petrobras (#3) solidified their positions as key players, showcasing their strength and influence. PTT also broke into the top 10, reflecting the dynamic shifts in crude oil transportation.
Suezmax Segment Adjustments
ExxonMobil took the top spot, while Repsol and Total re-entered the top 10 at #2 and #3, marking strong performances in the segment.
Aframax Segment Changes
Chevron climbed to #1, and new entrants SOCAR (#3) and PKN Orlen (#4) highlighted the growth in Aframax fixture volumes, which increased by 7.3% (166 additional fixtures) compared to 2023.
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Source: Poten & Partners
