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Tanker market report dated 16 March 2018

19 March 2018

To Scrap or not to Scrap: Traditionally, one of the key drivers for demolition has been weak spot earnings. Just a couple months ago in our weekly commentary we reported higher tanker scrapping in 2017 on the back of deteriorating trading conditions. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 11 May 2018

14 May 2018

Donald Trump has taken the much anticipated decision to repeal sanctions relief for Iran, ending a near 2.5 years period of unfettered exports from the Islamic Republic. Market participants have been given a 180-day grace period, but we could see many adjust much sooner. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 2 March 2018

05 March 2018

Ice class frozen out: This week, much of Europe has been blanketed in snow as cold weather has spread as far south as the Mediterranean coast. With temperatures across the continent as low as -30C (-22F), now might be the perfect opportunity to talk about the ice class fleet. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 12 October 2018

15 October 2018

Looking at the orderbook for Handysize product carriers (25-39,999 dwt), one might think that this size range presents an attractive investment opportunity, with just three vessels currently under construction; the lowest orderbook of any tanker asset class.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 31 August 2018

03 September 2018

In the week that Trump claimed to have agreed a ‘really good deal’ for America as part of renegotiation of the North American Free Trade Agreement (NAFTA), we take a look at developments in the US refining sector and whether this in turn offers tanker owners a similarly good deal.  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 market report dated 26 October 2018

29 October 2018

India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?   The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.