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Tanker market report 17 September 2021

21 September 2021

The news that the Nigerian National Petroleum Company (NNPC) intends to take a 20% stake in the $18 billion under-construction Dangote Refinery caused us to stop and consider what the impact of this would be. Then a couple of weeks later it was announced that NNPC will supply at least 300k b/d of crude to the 650 k b/d refinery. This is a bold move as it will bolster domestic supply security to the new refinery and guarantee an outlet for the country’s crude. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Sale & purchase report dated 14 September 2021

15 September 2021

Secondhand activity firmed last week, with the increased interest of buyers being evident in both the dry bulk and tanker sectors. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.  Secondhand asset values refer to Japan Blt vessels.

Tanker market report 10 September 2021

13 September 2021

This year has seen an impressive surge in commodity prices. Steel prices reached multiyear highs in May and, although they have since eased back, values remain above levels seen between 2016-2020. Shipping has not been immune, with newbuild prices moving up in tandem, although intense ordering activity in some segments, most notably the container industry, and the resulting shrinking yard availability for the nearer term have also played an important role. Since December last year, tanker newbuild prices have appreciated by around 15%-25% depending on the sector.  The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Sale & purchase report dated 7 September 2021

08 September 2021

SnP activity eased off last week. Owners continued to abstain from the tanker realm while only a handful of dry bulk units changed hands. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.  Secondhand asset values refer to Japan Blt vessels.

Tanker market report 3 September 2021

06 September 2021

As hurricanes and storms become increasingly more severe due to climate change and warming sea temperatures, so too has the impact on tanker shipping. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Sale & purchase report dated 31 August 2021

01 September 2021

Last week’s SnP activity was dominated almost exclusively by dry bulk and Container unit transactions whereas tanker deal volumes were bearish with a rather small number of tanker deals being recorded. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.  Secondhand asset values refer to Japan Blt vessels.

Tanker market report 27 August 2021

30 August 2021

The latest VLCCs that have been reported as scrapped have joined a small, but up to recently growing number of tankers heading to recycling yards. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.