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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: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap

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.

Tanker market report dated 1 November 2019

11 November 2019

A few months ago it was reported that the construction of the 650,000 b/d Dangote refinery in Nigeria will not be completed until the end of 2020, a year later from the original plans due to problems importing steel and other equipment needed for the refinery. The weekly tanker market report by Gibson Shipbrokers.