12 September 2016
02 October 2017
Iraqxit? This week’s non-binding independence vote in Iraqi Kurdistan may do little to change the semi-autonomous region’s crude output in the short term.
The weekly tanker market report by Gibson Shipbrokers.
18 March 2019
Opec crude production fell by 240,000 b/d in February to 30.68 million b/d, its lowest level in 4 years. February numbers show a significant over compliance, with Saudi Arabia leading efforts to implement cuts with a 153% compliance rate, some 170,000 b/d already below their overall target. Iraq and Saudi Arabia alone contributed 170,000 b/d in additional cuts between them in February alone. However, having already cut production close to their original 2019 target, they may now be missing the opportunity to capture market share in the face of rising demand.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
05 August 2019
The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?
12 September 2016
01 December 2014
24 June 2010
14 April 2010
Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand
25 November 2019
BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance.
06 May 2016
Our recommendation remains to balance your exposure to market by seeking a fixture in the time charter market.