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In recent weeks reports about floating storage have featured in the international press. In the 2nd half of April Reuters reported that oil held in tanker floating storage reached at least 160 millio barrels, including 60 VLCCs, up massively from levels witnessed just a couple of months ago. The weekly tanker market report by Gibson Shipbrokers.
August debuted with reports of softer activity in the newbuilding market, while given the strong momentum in which orders have been coming through during the biggest part of the summer, a slow-down was long due. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe.
African Products Pull: Refined product imports in to West Africa have evolved into one of the key drivers behind the product tanker market and at times, a significant generator of freight volatility. The weekly tanker market report by Gibson Shipbrokers.
Aframaxes in Focus: If there is indeed a decline in Russian crude exports out of the Baltic and the Black Sea ports, it will be another piece of bad news for Aframaxes, plagued by rapid supply growth. The weekly tanker market report by Gibson Shipbrokers.
Give us a Break! Last year our wrap-up of the year was titled “A year of surprises” - this year we could title a year of few surprises, at least no positive ones. The weekly tanker market report by Gibson Shipbrokers.
Peace Pipe still Smoking: The Canadian government has long harboured the ambition to be able to export crude without the need to rely almost entirely on the US for distribution. The weekly tanker market report by Gibson Shipbrokers.
Long Haul Boost: Records from the IEA, the international energy watchdog, show that US crude exports averaged 0.93 million b/d during the 1st half of this year, nearly double the level over the same period in 2016. The weekly tanker market report by Gibson Shipbrokers.
Trump tackles Iran: Last week Trump chose not to recertify the Joint Comprehensive Plan of Action (JCPOA), agreed with Iran and six other powers in 2015. So what happens now? The weekly tanker market report by Gibson Shipbrokers.
