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Carl-Johan Garsten

01 October 2019

Carl is Managing Director, Marine Bunker Exchange (MABUX) AB. He is a Master Mariner by profession and after his graduation he joined the Military Academy, in Sweden and became 1966 Navy Officer in the Reserve. After a number of years at sea, Carl returned to University for more studies, and in 1974, he graduated from the University of Lund in Sweden with a Bachelor of Economics degree. Carl worked as deck officer and as Captain in the Swedish merchant navy. After various educations he began work ashore 1975 as Shipping Manager for the trading company Joint Trawlers. Carl started his own trading company 1979 in shipping, but after 10 years left and moved to West Africa. From 1988 until 1993 was engaged in transportation, and was hired by Sentram Ferry Service in Dakar, Senegal as President Director General. The ferry company was engaged in ferry service along the West African coast. In 1994 he returned to Europe and was hired as Managing Director of the newly started independent oil company, High Sea Services, specialising in high sea bunkering. The year 2002 Carl founded the service company Marine Bunker Exchange (MABUX) AB, designed to service the marine bunker industry with necessary tools like bunker price publications world-wide, and Carl is still very much active in the same field, inventing safer and better ways of determine bunker indications.

New publication offers updated maritime security guidance for mariners operating off West Africa and the Gulf of Guinea

31 March 2020

Industry organisations, supported by government and military organisations, have worked together to produce a new publication that will help mariners detect, deter and delay external threats to their safety. Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa including the Gulf of Guinea (BMP WA) consolidates and enhances existing guidance for specific threats in this region.

Tanker Shipping - Tanker markets are in limbo – waiting for a better demand environment to make the day

12 August 2010

Demand: EIA has revised their oil demand forecast upwards for 2011. Global oil demand in 2011 is now expected to rise by 1.3 million barrels per day (MB/day) to 87.8 MB/day assuming consensus trends in the global economy, crude prices development and possible efficiency gains. Growth will be driven entirely by non-OECD countries (+3.8% or +1.6 MB/day), while the OECD sees resumed decline (-0.5% or -0.2 MB/day). The outlook for 2010 remains unchanged at 86.5 MB/day (+2.1% or +1.8 MB/day versus 2009).

Dry Bulk Shipping - New orders are still inked at high pace. 2012 is now set to be the biggest delivery year of them all at 88 million DWT

10 October 2010

Following the summer dip where Capesize was hit badly, dry bulk freight rates have once again bounced back like a tumbler. Capesize rates are back at year-to-date average around USD 30,000 per day. Capesize freight rates are moving like a heartbeat, but at lower and lower pulse levels and going deeper and deeper as more vessels enter the market. In spite of remaining inefficiencies in the supply chain, slow steaming, and continued strong demand for raw materials going forward, the big ships are in for a fundamental imbalance between supply and demand.