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Tanker market report 29 April 2022
02 May 2022Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure, regulatory uncertainties, long term demand concerns and limited near term yard availability, all of which are making ordering newbuild tankers a complex undertaking. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
After the party, the hangover is proving drawn out for tanker shipping
25 January 2021Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable.
Dry bulk and tanker newbuild contracts 20% higher than 2016
23 June 2017BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs. As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.
Tanker attacked from the air
17 November 2022On the eve of 15 November the Liberian flagged tanker Pacific Zircon was attacked by an unmanned aerial vehicle. The tanker is associated with Israeli economic interests.
US dirty tanker export demand jumps 33% year-on-year
13 September 2023During the first eight months of 2023, US dirty tanker export demand increased 33% year-on-year while the global dirty tanker exports increased only 5%. Measured in deadweight tonne miles, US exports now account for 14% of global dirty tanker demand.
Tanker Shipping Market Overview & Outlook Q4 2023
28 November 2023Growing oil market imbalances drive tanker improvements
Tanker Shipping: Winter is coming, random shocks can be powerful, but only fundamental improvements last
20 November 2018The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October.
BIMCO and ASBA join forces to develop gas tanker voyage charter party
27 May 2019ASBATANKVOY, one of the most widely used tanker charter parties in the world, will form the basis when BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) begin to jointly develop a charter party specifically for use in the gas tanker trade.
Tanker Shipping - The world of energy is undergoing fundamental changes
10 October 2013Demand: The dynamic nature of the product tanker market, where refinery locations, local market demand specifications and price arbitrage trades are constant moving objects, turn one main trade into a minor trade within a New York minute.
