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.

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

 

Ship Leasing Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 12.67 billion
Revenue Forecast in 2030	USD 34.16 billion
Overall Growth Rate	CAGR of 13.2%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Lease Type, By Vessel Type, By End-User, By Duration, By Region
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, Europe, Asia Pacific, LAMEA
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.