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Tanker market report dated 26 October 2018

29 October 2018

India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?   The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Demolition report dated 14 February 2020

18 February 2020

After a rather positive start to the year (particularly for the rampant Indian market), subcontinent fundamentals have been reflecting weakened global shipping sentiments as declining steel plate prices and a diminishing demand on the back of a massive supply of vessels has suddenly ushered markets into negative territory. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.