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Ayako Odashima

24 September 2019

Course organiser Ayako is Manager in BIMCO’s Training Department, and is responsible for marketing and implementation of BIMCO’s training courses worldwide. Prior to joining BIMCO in 2015, Ayako has worked for various international organisations, including UNICEF, FAO, WFP and UNOPS, and has been responsible for large-scale emergency logistics and coordinated training programs on humanitarian logistics and supply chain management in Asia, Africa, Europe and in the Middle East. Ayako holds a MSc in International Relations from the London School of Economics and Political Science and BA from Boston University.

Punit Oza

07 July 2017

Punit Oza is the Vice President & Head of Supramax Pacific of Klaveness Asia Pte Ltd. Punit Oza has over 23 years of experience in dry bulk shipping. He started his career at Precious Shipping PCL in Thailand in 1993. He then held a number of positions in the Middle and Far East and is currently the Vice President and Head of Supramax Pacific at Torvald Klaveness’ Singapore Regional Office. Punit is responsible for the entire Supramax Portfolio in the Asia Pacific region with a specialisation in the Indian and Thai markets. He is also a Fellow of Institute of Chartered Shipbrokers (FICS) and Chairman of the Singapore Branch as well as a member of Singapore Chamber of Maritime Arbitration (SCMA) and Maritime Law Association of Singapore (MLAS). Punit has a degree in Financial Management and Accounting from the University of Mumbai and an MSc in Shipping, Trade and Finance from City University (now CASS) Business School, London. He also has a LLB from the University of London.

Nicholas Argyrou

19 August 2019

Nicholas is the General Manger of Bunkernet Ltd based in Limassol, Cyprus. He has 20 years’ experience in the supply of Bunkers and Lubricants world wide. He is specialised in the delivery of Bunkers in major bunkering hubs and also the niche ports of the Med, Baltic, Black Sea and the Middle East. He has broad experience in bunker supply for all vessel segments including unique solutions for offshore, Cruise and Navy segments. Additionally he is currently focused on managing FPA solutions post Q4/19 for 0.50% compliant fuels. Nicholas is actively advising clients on effective strategies for moving from a High Sulphur to a Low sulphur fuel consumption environment focusing on Quality, Availability and price considerations in specific trade routes.

Container Shipping - Slow demand and the absence of resumed idling of vessels has proved to be a heavy burden in the battle for rate restoration

23 June 2011

In the past three months, time charter rates have hovered around the same levels, providing owners with a steady market despite the downward shift in spot freight rates. Summer demand should determine the next turning point, with initial indicators suggesting weaker East/West volumes, but stronger North/South trade. Moreover, increased flows on the Middle East and intra-Asia trades should drive rates for small containerships higher, as idle capacity is now removed and orderbook in this segment is low.

Tanker market report dated 12 April 2019

15 April 2019

Like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride over the past six months. Earnings surged in the 4th quarter of last year, in part due to major Turkish Straits delays, in part due to marginal fleet growth. Of course, other factors were at play as well, such as higher Middle East/Russian crude exports in Q4 2019, prior to the re-imposition of the production constraint. The picture now is very different. Earnings on benchmark routes in the Atlantic Basin declined steadily during the 1st quarter, averaging in March close to OPEX. Once again, the decline has been triggered by a combination of factors.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 28 June 2019

02 July 2019

2019 so far has proved to be a year dominated by geopolitical events. The US Administration has placed sanctions on both Iran and Venezuela in a bid to reduce crude exports to zero. Tanker sabotage and disruption in the Middle East Gulf has pushed insurance premiums up and led to some shipowners to avoid the region. Potential disruptions to Libyan supply remain. The US-China trade war has threatened to generate an economic slowdown, adding further market uncertainty. Crude prices have ebbed and flowed, touching highs of $74.57/bbl in April and lows of $54.91/bbl in January as both supply, demand and geopolitical signals vie for supremacy.  The weekly tanker market report by Gibson Shipbrokers.

Tanker market report dated 21 December 2018

02 January 2019

2018 has been a year of extremes. For most part, trading conditions have been very challenging amid a persistent oversupply of tonnage, with spot earnings often well below operating expenses. TCE returns for VLCCs trading on the benchmark TD3C voyage from the Middle East to China averaged just over $11,000/day during the 1 st nine months of the year. However, since early autumn, notable increases in loadings out of the Middle East and strong demand from Asian refiners for Middle East and Atlantic Basin crudes have contributed to a very impressive rebound in earnings, with TD3C averaging in Q4 at over $50,000/day.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 5 October 2018

08 October 2018

 The highlight of this week’s trading has been an impressive spike in spot VLCC rates, with daily TCE earnings up to their highest level since April last year. The Middle East and West African markets have been supported by an extended period of healthy enquiry from Asian buyers, although weather delays in the Far East have also helped.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker Shipping - Record high global oil demand not enough to create sustainable rates.

09 October 2011

Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012. The IEA has revised down its demand outlook by 0.2 million barrels per day (mb/d) for 2011 to reach 89.3 and by 0.4 mb/d for 2012 to reach 90.7. Growth outlook now stands at a modest 1.1% in 2011 and 1.6% in 2012.

Mark Lakin

05 November 2019

Mark is Senior Associate at Stephenson Harwood, Dubai. He is a skilled litigator with extensive experience in shipping, commodities and trade finance disputes. Having trained in London and practiced there for the first five years of his career, Mark moved to Dubai in 2017 in order to focus on building the Firm’s shipping and commodities practice in the UAE. He continues to be heavily involved in arbitration and Court cases in England for clients based the Middle East whilst also becoming a specialist in matters before the Dubai International Financial Centre Courts and arbitrations seated in the UAE. He has acted for a cornucopia of clients, ranging from oil majors, state-owned oil companies, trading houses, smaller independent commodities traders, shipowners, hedge-funds and banks. The majority of those matters have been arbitrations in the major shipping and commodities forums, including the LMAA, LCIA, DIFC-LCIA, DIAC GAFTA, FOSFA, ICC, UNCITRAL, SIAC, HKIAC and the first case before the newly formed Emirates Maritime Arbitration Centre (EMAC). The disputes have ranged from modest demurrage disputes to oil and gas disputes worth hundreds of millions of dollars. His reported Court cases in England include H&CS v RBRG Trading, Petrosaudi Oil Services v Novo Banco & Ors and Integral Petroleum SA v Perogat FZE & Ors. In Dubai he has recently acted in one of the leading cases on the enforcement of foreign judgments in the DIFC - Essar Global Fund Limited v Barclays Bank PLC & Ors.  Mark has also undertaken a number of secondments with both trading houses and trade finance banks, which has led to him being involved in non-contentious work such as advising on the structuring of trade finance facilities and “repo” sale contracts.