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Tanker market report dated 27 April 2018

30 April 2018

The acceleration in VLCC demolition activity this year has frequently been in the headlines late. As more tankers head to the beaches, this gives shipowners some cause for optimism in the future, particularly taking into account the current depressing market. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 10 August 2018

13 August 2018

2018 has been a horrible year for product tanker owners, with sale and leasebacks being necessary for many to provide a financial bridge to better times. Many are pinning their hopes on 2020; which, as we have written in the past is expected to be supportive for product tankers. However, many are also hoping that new refinery developments will offer a further boost to tonne mile demand, similar to what was seen from 2014-2016. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 29 June 2018

02 July 2018

It’s not unusual for newbuild crude tankers to carry clean cargoes on their maiden voyage. However, with the crude tanker market in a depressed state of late, charterers have sought to take advantage to secure competitive freight costs on product flows from East to West. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 22 June 2018

25 June 2018

It has been three years since the Chinese government first allowed the independent refineries to directly purchase crude oil on the open market, provided they met certain conditions. At the beginning, eleven independents were licenced to import just over 49 million barrels of crude in the first year of operation. By 2018, the government, as part of their aim to tackle environmental issues, announced even tighter regulations and taxation on the independent refiners and blenders in an effort to weed out small operations and deal with tax evading players. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 1 June 2018

04 June 2018

Much attention has been given in recent months to continued activity in newbuild VLCC tonnage. However, what has gone largely unreported is the fact that the pattern of ordering activity has been completely different in other tanker segments, starting from Suezmaxes down to MRs. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 4 May 2018

07 May 2018

Opec’s decision in November 2014 to remove all production limits hit Venezuela particularly hard as the oil price fell to historically low levels. As a result, the nation’s economy slumped from what was already a precarious position and despite the country sitting on the world’s largest proven oil reserves. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.