Ship to Ship Transfer Service Market Overview The Ship to Ship (STS) Transfer Service Market has become an essential component of the global maritime and oil & gas logistics sector, enabling the safe transfer of cargo such as crude oil, liquefied natural gas (LNG), petroleum products, and dry bulk commodities between two seagoing vessels. As of 2024, the market size is estimated at approximately USD 3.8 billion, and it is projected to reach USD 6.1 billion by 2032, registering a compound annual growth rate (CAGR) of around 6.2%. This steady expansion is being driven by the increasing global demand for crude oil, LNG, and refined petroleum products, as well as the need for flexible offshore cargo transfer solutions that bypass congested ports and streamline supply chains. Key growth factors include the rise in energy consumption across Asia-Pacific, the expansion of offshore oil fields, and the implementation of cost-saving strategies by major shipping companies. T...
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