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Home » Automotive » Ship Leasing Market Size, Share Report

Ship Leasing Market By Lease Type (Operating Lease, Finance Lease, Bareboat Charter, Time Charter); By Vessel Type (Bulk Carriers, Tankers (Crude, Product, LNG), Container Ships, Offshore Support Vessels, Roll-on/Roll-off Ships (RoRo), Passenger Ships, Specialized Vessels); By End-User (Shipping Companies, Offshore Oil & Gas Companies, Government & Defense, Logistics Companies); By Duration (Short-term Lease, Long-term Lease); By Geography, Segment revenue estimation, Forecast, 2024–2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 92901401

The ship leasing market was worth USD 12.67 billion in 2023 and will be worth USD 34.16 billion by 2030, growing at a CAGR of 13.2% during the forecast period.

 

The Global Ship Leasing market is propelled by the increasing need for sea-borne transportation services worldwide due to the increasing volume of trade and popular e-commerce platforms. Overall shipping industry moved about 11 billion tonnes in the year 2022, which made leasing ships a cost-effective option for companies who wish to expand their business without having to invest highly in the acquisition of ships. Leasing provides the opportunity to control the fleet's number of cars and attract more funds for business development. New trends are increasingly wider use of environmental and energy-saving ships as a reaction to the reinforcement the environmental requirements. For instance, specific shipping lease agreements now offer green ship leases with fewer emissions, which interests firms trying to decrease their greenhouse gases. All these factors, coupled with changes in the volume of shipping and the search for effectiveness in managing the fleet, will also contribute to the further development of the ship leasing market.

 

The Ship Leasing business remains a highly attractive prospect, particularly as demand for international shipping remains high, projected to increase sea-borne commerce by nearly 3% annually by 2030.  Leasing is a more suitable option for shipping companies to opt for increasing or decreasing the size of their fleets without having to make large capital outlays on vessels. For example, the increasing use of Liquefied Natural Gas (LNG) has created the need for the purchase of specific shipping tankers, and several companies have resorted to leasing these high-cost vessels. New trends are associated with a higher interest in chartering energy-efficient vessels with technologies that can minimize emissions expected from the industry due to newly introduced global environmental norms. This trend gives ship leasing companies a chance to meet the client’s needs for such options, especially as the environmental legislation stiffens around the world.

 

Market Segmentation

By Lease Type:

  • Operating Lease

  • Finance Lease

  • Bareboat Charter

  • Time Charter

 

By Vessel Type:

  • Bulk Carriers

  • Tankers (Crude, Product, LNG)

  • Container Ships

  • Offshore Support Vessels

  • Roll-on/Roll-off Ships (RoRo)

  • Passenger Ships

  • Specialized Vessels

 

By End-User:

  • Shipping Companies

  • Offshore Oil & Gas Companies

  • Government & Defense

  • Logistics Companies

 

By Duration:

  • Short-term Lease

  • Long-term Lease

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

The Asia-Pacific region holds the largest share of Ship Leasing Market thanks to the dominant role of countries of this region in the global shipping industry, as well as the leading ship-building countries, such as China, Japan, and South Korea. Furthermore, it minimizes shipping costs significantly, and currently, China alone takes over 40% of the world shipbuilding market, while Shanghai and Singapore are among the top ten busiest ports in the world. This cumulative shipping and build-up of demand in the Asia-Pacific region consolidates its position as a focal player in the leasing market, allowing ship leasing firms to tap into a growing demand for ships across and through the various trades. Among the recent changes is China leasing LNG carriers as its LNG import grew to 94 MM metric tons in 2022. Such change in focus to energy efficiency and specific purpose, along with the growing demand for each, makes the Asia-Pacific region dominant in the ship leasing market.

 

Key Players

  • China COSCO Shipping Corporation

  • Mitsui O.S.K. Lines (MOL)

  • Maersk

  • Golar LNG

  • BW Group

  • Teekay Corporation

  • Ocean Yield

  • Seaspan Corporation

  • Scorpio Tankers

  • Navios Maritime Partners

Frequently Asked Question About This Report

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Table of Contents

1.    SHIP LEASING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    SHIP LEASING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – SHIP LEASING MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Lease Type of Ship Leasing and End Use Outlook Analysis
4.    HISTORIC TRENDS IN SHIP LEASING MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA SHIP LEASING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Ship Leasing Historical Market ($MILLION), (2017 – 2023)
6.2. North America Ship Leasing Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Lease Type
6.3.1. Operating Lease
6.3.2. Finance Lease
6.3.3. Bareboat Charter
6.3.4. Time Charter
6.4. North America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Vessel Type
6.4.1. Bulk Carriers
6.4.2. Tankers (Crude, Product, LNG)
6.4.3. Container Ships
6.4.4. Offshore Support Vessels
6.4.5. Roll-on/Roll-off Ships (RoRo)
6.4.6. Passenger Ships
6.4.7. Specialized Vessels
6.5. North America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Duration
6.5.1. Short-term Lease
6.5.2. Long-term Lease
6.6. North America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
6.6.1. Shipping Companies
6.6.2. Offshore Oil & Gas Companies
6.6.3. Government & Defense
6.6.4. Logistics Companies
6.7. North America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA SHIP LEASING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE SHIP LEASING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Ship Leasing Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Ship Leasing Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Lease Type
8.4. Europe Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), ByVessel Type
8.5. Europe Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Duration
8.6. Europe Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
8.7. Europe Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC SHIP LEASING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Ship Leasing Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Ship Leasing Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Lease Type
9.4. APAC Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Vessel Type
9.5. APAC Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Duration
9.6. APAC Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
9.7. APAC Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA SHIP LEASING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Ship Leasing Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Ship Leasing Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Lease Type
10.4. Latin America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), ByVessel Type
10.5. Latin America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Duration
10.6. Latin America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
10.7. Latin America Ship Leasing Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. CHINA COSCO SHIPPING CORPORATION
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Maersk
11.3. Golar LNG
11.4. BW Group
11.5. Teekay Corporation
11.6. Ocean Yield
11.7. Seaspan Corporation
11.8. OTHER MARKET PLAYERS