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Tanker market report dated 6 July 2018

11 July 2018

One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020. In particular, a lot of discussions have been focused on scrubbers. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 19 October 2018

23 October 2018

Not so long ago, a lot of tanker and dry cargo owners had been fiercely opposed to the installation of exhaust gas cleaning technology. However, the attitude is rapidly starting to change. Following a surprise announcement by Frontline and DHT a few months ago to install scrubbers on their fleets, we have seen a notable increase in other owners committing to the installation as well.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 18 January 2019

21 January 2019

The scrubber debate continues with the same intensity as it did six months ago, although there appear to be fewer announcements for new installations. According to the DNV GL, the number of new bookings for fittings during 2019 decelerated over the past couple of months. It remains to be seen whether this slowdown is attributable to a diminishing appetite for scrubbers or limitations in yard/manufacturing/equipment capacity. On the face it, perhaps the latter is true since the interest in installations over the course of 2020 continues to grow, although absolute numbers are much lower versus 2019 figures The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Demolition report dated 27 December 2019

14 January 2020

As 2019 closes and the watershed year of 2020 comes into view with the increased price of low Sulphur fuel (or installation of scrubbers) that is set to affect the bottom lines and OPEX rates of Ship Owners the world over, it is set to be a busy few years ahead for the various ship recycling destinations. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.