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Hopes of a temporary ceasefire between Israel and Hamas, which potentially could help to improve the security situation in the Red Sea have been dashed in recent days, with further attacks reported on commercial vessels and Israel rejecting Hamas’s proposed ceasefire terms. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The end of last year was marked by a significant increase in attacks on ocean-going vessels in the Red Sea, with several prominent shipping companies announcing temporary pauses in their transits through the region. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
MDAT GoG have published useful quarterly reports which capture the past 6 months of incidents in the Gulf of Guinea.
Brazilian crude production has been posting strong performance in recent months as the key Latin American producer is expected to see crude output this year increase by 380kbd to 3.5mbd and a further 300kbd in 2024 to reach 3.8mbd. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
2023 has seen a notable increase in new tanker ordering activity and as the year slowly draws to its end, it is perhaps time to reflect on where investment in new tonnage has been the strongest and where it is still lacking. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In the crude tanker market, we have witnessed a return of spectacular volatility, with spot earnings on several key Suezmax and Aframax trades in the Atlantic Basin briefly spiking close or in some cases even above $100,000/day on a non-scrubber, non eco basis recently. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Following on from last month’s release of the IEA Net Zero (NZE) 2050 report, the publishing of its World Energy Outlook (WEO) 2023 provides a glimpse into when oil demand may peak based on the Stated Policy Scenario (STEPS) framework, which is based on the current trajectory of global decarbonisation polices and is less pessimistic in its demand outlook. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
As the oil market contends with growing supply tightness until at least the end of 2023, macroeconomic headwinds are also at play. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
An overview of the reports and analysis available to BIMCO members.
