Transporting, storing and delivering products for the oil and gas industry require highly-skilled teams of professionals. Here is a look at the world’s top logistics companies, which service the industry by ensuring safety and security in order for oil and gas to efficiently and cost-effectively reach the end user.
ASCO
https://ascoworld.com/
ASCO is a major oil and gas logistics supplier with operations in the UK, Norway, Holland, the U.S, Canada, Trinidad, Singapore and the Caspian. The Company has been in the oil and gas logistics business for over four decades and supports some of the leading operators and service companies in the world. ASCO has more customers, in more locations, than any other provider in the world. “The DNA of this company is all about oil and gas logistics and that’s why we’re so good at what we do,” explains CEO Billy Allen.
ASCO has 1,500 highly-skilled employees worldwide, on staff 24 hours a day, seven days a week. It is imperative that its employees are capable of managing dangerous conditions in this industry. Allen says, “If you look at the range of the people we have and the skills that we offer, we can tap into a fantastic pool of talent within ASCO to tailor solutions for our clients’ needs, that experience is unparalleled within our industry.”
BDP International
https://psabdp.com/
With an extensive client list of some of the world’s leading energy and petrochemical companies, including: Exxon, Mobil, Shell, DuPont, INVISTA, Quinn Chemicals and The Dow Chemical Company—BDP is a leading global logistics supplier. BDP International consists of a global network of wholly-owned operations, as well as joint ventures and affiliates, including BDP Project Logistics and BPD Oil and Gas Logistics. The Company, which has over four decades of experience, is a major player in the transportation and logistics industry in over 120 countries.
At the end of 2009, BDP Project Logistics opened a subsidiary company, BPD Oil and Gas Logistics Pte Ltd Incorporated in its Singapore office. Both BDP Project Logistics and parent company BDP International are highly regarded as leaders within the energy, chemical and petrochemical logistics sector. BDP supplies oil and gas companies with complete service solutions.
“Our ability to offer turnkey logistics solutions—from supply chain management of rig and FPSO new building and conversions through to the transportation of heavy-lift structures supported by our in-house transport engineering division and finally logistics support for offshore and onshore assets in operation, is what gives BDP Oil and Gas Logistics an edge over its competitors,” says Martin Runshaug, commercial director of BDP Oil and Gas Logistics. “As a private family-owned company, BDP remains flexible in its management approach and agile in its decision making, enabling us to swiftly adjust to market conditions and tailor unique solutions to meet the exact needs of our clients.”
In light of the current oil spill crisis in the Gulf of Mexico, logistics companies, more than ever, must be extra cautious. Runshaug says, “Oil and Gas logistics is unforgiving; it demands zealous attention to detail. With an abundance of trade, security, and HSE rules a 21st century business reality, non-compliance will be less a matter of risky business, and more like playing Russian roulette with your company’s reputation. Attention to the minutia of proper practice will be a must, or else. Enterprises involved in oil and gas production must demand accountability from their logistics providers. Now more than ever, be prudent to pick your partners carefully.”
Agility
https://www.agility.com/
https://www.shipafreight.com/
Oil business site: https://www.tristar-group.co/
Agility is comprised of multiple international logistics companies, called Global Integrated Logistics (GIL). The Company has over 160 year of experience, and offers its oil and gas logistics services in over 120 countries around the world. Agility has a dedicated staff of 37,000 employees that have proved to be capable of overcoming any challenges the industry is faced with, such as meeting safety and security requirements, managing oversized equipment or working in remote locations. Agility maintains over 550 offices worldwide and occupies 10 million square meters of warehousing and specialized facilities.
Agility is considered to be one of the top global service providers in the oil and gas logistics industry. The Company’s position in the market involves its personalized services. Additionally, Agility’s customer partnerships are considered its driving force. The Company also guarantees its large customer base leading services in the most challenging of environments in the world.
GAC Logistics
https://www.gac.com/
GAC Logistics is a major player in the oil and gas logistics business. The Company has been in existence since its doors opened in Kuwait in 1956. Today, GAC is a highly-recognized global services provider. The Company has had an ongoing strategy to expand geographically and now has over 300 offices within 40 countries around the world. GAC Group’s 9,000 employees provide logistics solutions within various industries. However, GAC Logistics subsidiary, GAC Energy focuses on both onshore and offshore shipping, logistics and marine services. The Company’s primary service locations include: Africa, the Caspian Sea, India and the Middle East, further demonstrating its worldwide presence in support of the global industry.
Biggest oil tanker companies in the world starting at number 10
10. International Seaways
Revenue: $366.184 million
Market Cap: $491.42 million
Assets: $1.712 billion
Number of employees: 1,642
Headquarters: New York, NY
International Seaways, Inc. is one of the largest tanker companies in the world providing energy transportation services for crude oil and petroleum products. The oil tanker company owns and operates a fleet of 36 vessels, including 11 VLCCs, 2 Suezmax, 4 Aframax, 13 Panamax and 4 MR Tankers. International Seaways partially owns floating storage and offloading vessels.
Revenue: $458.849 million
Market Cap: $810.08 million
Assets: $3.7 billion
Number of employees: 50
Headquarters: Hamilton, Bermuda
SFL Corporation Ltd is one of the largest oil tanker companies in the world with a fleet of approximately 84 vessels such as crude oil tankers, bulk carriers and ore carriers, bulk carriers and container ships. Other sources of income for SFL Corp Ltd include chartering, buying and selling assets. The company established operations through subsidiaries located in Bermuda, Cyprus, Malta, Liberia, Norway, Great Britain and the Marshall Islands.
Revenue: $484.8 million
Market Cap: $57.17 million
Assets: $2.142 billion
Number of employees: 250
Headquarters: Piareas, Greece
Navios Maritime Holdings Inc. (“Navios”) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. Navios was created in 1954 by US Steel to transport iron ore to the US and Europe. Since then, Navios has diversified geographically and expanded the scope of its business activities such that Navios currently controls 49 vessels totaling approximately 5.1 million deadweight tons.
NM is ranked 8th on our list of the largest oil tankers in the world. Navios Maritime controls a large fleet of crude oil, petroleum products and chemical tankers providing global shipping services. Navios is one of the world’s leading shipping brands specializing in the global transport, trade, storage and related logistics of international bulk cargo. The oil tanker company operates a large group of bulk carriers Capesize, Panamax, Ultra-Handymax and Handysize using their own, chartered and leased vessels. Regionally, most of the company’s revenue comes from South America.
Revenue: $512.5 million
Market Cap: $167.14 million
Assets: $3.156 billion
Number of employees: 3,500
Headquarters: Athens, Greece
TNP is ranked 7th on our list of the largest oil tankers in the world. Tsakos Energy Navigation is one of the largest and oldest independent energy carriers in the world with a dynamic fleet of 64 modern high-capacity crude oil and oil products tankers, shuttle tankers and liquefied natural gas (LNG) carriers. The company continues to grow to become one of the largest ice-class tanker operators in the world among the major international oil companies. Tsakos Energy Navigation operates worldwide, including Greece, the Philippines, Ukraine, Russia and Romania.
Revenue: $535 million
Market Cap: $941.10 million
Assets: $1.68 billion
Number of employees: 15
Headquarters: Hamilton, Bermuda
DHT is an independent oil tanker that provides services to oil companies and operates a fleet of crude oil tankers in the VLCC, Aframax and Suezmax segments internationally. The company has established operations through an integrated management in Singapore, Norway and Monaco. Their fleet of 27 VLCCs had a capacity of 8,360,850 DWT in the first quarter of 2020.
5. Frontline Ltd
Revenue: $957.3 million
Market Cap: $1.22 billion
Assets: $3.134 billion
Number of employees: 70
Headquarters: Hamilton, Bermuda
Frontline Ltd. is one of the largest shipping companies engaged in the sea transportation of crude oil and petroleum products around the world. Frontline has 24 very large oil tankers, 28 Suezmax tankers and 20 Aframax aircraft, with an average age of just 4 years. Frontline was formed as a result of a series of major restructurings, mergers and acquisitions over the past decade. His main business is the transportation of crude oil. As of 2008, the company had one of the largest tanker fleets in the world, consisting of VLCC, Suezmax and Suezmax OBO vessels (82 tankers in total and 18 more on order).
4. Scorpio Tankers Inc.
Revenue: $958.1 million
Market Cap: $700.64 million
Assets: $5.16 billion
Number of employees: 19
Headquarters: Monaco
Scorpio Tankers is the world leader in the transportation of petroleum products. Scorpio Tankers owns and operates a first class tonnage consisting of the latest generation of fuel efficient tankers from high quality shipyards. Scorpio Tankers currently maintains or finances 128 product tankers and a time charter or bareboat charter of 10 product tankers.
3. Euronav NV
Revenue: $1.4 billion
Market Cap: $1.63 billion
Assets: $3.71 billion
Number of employees: 3,110
Headquarters: Antwerp, Belgium
Euronav provides comprehensive transport services to complement its large tanker fleet. The company is the successor to the owner of the tanker European Navigation Company Ltd, an Isle of Man company registered by the Compagnie Nationale de Navigation (CNN), at the time a subsidiary of the Worms Group. In 1995, European Navigation Company Ltd sold the vessels, subsidiaries, crewing and technical, management companies and the reputation of Euronav Luxembourg NV to form a joint venture between CNN and Compagnie Maritime Belge (CMB). In 1997, CMB acquired CNN and transferred Euronav Luxembourg NV into full ownership of CMB. Thus, Euronav became a fully owned tanker division of CMB.
Euronav is a Belgian independent crude oil transportation and storage company. It provides services for the transportation of crude oil by sea through its tanker segment. In addition to its fleet of large tankers, Euronav is known for providing cargo transportation services. The company’s ship management services include, but are not limited to, technical services, fleet management, environmental protection, defense management, commercial and operational management.
2. Teekay Corp
Revenue: $2 billion
Market Cap: $268.95 million
Assets: $2.23 billion
Number of employees: 6,800
Headquarters: Hamilton, Bermuda
Teekay is a Canadian company specializing in crude oil, LNG and LPG tankers. Teekay is one of the largest medium-sized tanker operators including Suezmax, Aframax and long-range vessels (LR2). Teekay currently owns a $ 12 billion network, including gas and oil tankers and offshore facilities, headquartered in Canada, London, the Bahamas, Bermuda and Singapore. Teekay operates several Floating Storage and Offloading Facilities (FPSOs) under its North Sea subsidiary Teekay Petrojarl. In addition to operating world class oil tankers, Teekay offers services such as basin management, fuel services and tanker management.
Teekay was founded in 1973 by Torben Karlshoy, a 31-year-old Danish ship broker who emigrated to the United States at the age of 20 and mainly worked on farms. The company was named “TK” after Karlshoy’s initials. The company began with the purchase of small used and second-hand oil tankers, which was a lucrative deal due to the high oil prices during the 1973-1974 oil crisis. The company’s head office was located in the Bahamas, which allowed it to enjoy low corporate taxes. Most of her ships were registered in Liberia, which allowed her to take advantage of the relatively low taxes and the ability to hire seafarers from around the world. The company grew in the 1980s, operating in the perilous waters of the Persian Gulf during the Iran-Iraq War.
1. Mitsui OSK Lines
Revenue: $10.6 billion
Market Cap: $2.1 billion
Assets: $19.4 billion
Number of employees: 8,941
Headquarters: Tokyo, Japan
Mitsui OSK Lines ranks first in the list of the largest oil tanker companies in the world. Commonly known as MOL, the company is one of the largest shipping companies in the world and operates a fleet of more than 930 vessels with a deadweight of 66 million tons (DWT). The energy transportation segment includes tankers, steam locomotives, coal tankers, gas carriers and offshore companies. The world’s largest oil tanker also specializes in the operation of container ships, specialized ships and ferries. Mitsui O.S.K. LLC “Lines” provides transportation, warehousing and cargo handling services. Products transported include coal, iron ore, grain, logs, aluminum, cement, industrial salt, copper ore, wood chips, cars, paper products, chemical products, gasoline, LPG and other goods.
MOL (Mitsui OSK Lines) was founded in 1964 through the merger of Osaka Shosen Kaisha (OSK) (大阪 的 船 株式会社, Osaka Shōsen Kabushiki-gaisha), founded in 1878, and Mitsui Steamship Co., Ltd., founded in 1942, formerly Mitsui Line under the Shipping Industry Reconstruction and Reorganization Act. At that time, the company was the largest shipping company in Japan with a capital of 13.1 billion yen, with 83 vessels with a total deadweight of 1,237 thousand tons (DWT).
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