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IMDG Code Amendment 39-18, 2018 Edition

04 May 2021

Providing the significant changes under the Amendment 39-18, 2018 edition to the IMDG Code. Note that the IMDG Code, Amendment 39-18, 2018 edition, published by the International Maritime Organization (IMO) is mandatory from 1 January 2020 and applicable for two years until the next edition of the IMDG Code becomes mandatory from 2022.

CIMAC Guideline: The Interpretation of Marine Fuel Analysis Test Results

14 September 2018

This guideline follows on from the CIMAC WG7 guideline No 09:2014 which set out the differences between the ISO 4259 approach and that adopted under MARPOL Annex VI in respect of fuel sulphur content test results. However, it is important to understand that this ISO 4259 approach is also applied generally to the interpretation of all marine fuel analysis test results.

Tanker market report dated 10 August 2018

13 August 2018

2018 has been a horrible year for product tanker owners, with sale and leasebacks being necessary for many to provide a financial bridge to better times. Many are pinning their hopes on 2020; which, as we have written in the past is expected to be supportive for product tankers. However, many are also hoping that new refinery developments will offer a further boost to tonne mile demand, similar to what was seen from 2014-2016. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 4 May 2018

07 May 2018

Opec’s decision in November 2014 to remove all production limits hit Venezuela particularly hard as the oil price fell to historically low levels. As a result, the nation’s economy slumped from what was already a precarious position and despite the country sitting on the world’s largest proven oil reserves. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.