Tanker market report dated 8 February 2019

On the 23rd of January the US president recognised Venezuela’s national assembly speaker Juan Guaido as interim president of the country and called Maduro’s government “illegitimate”. Soon afterwards, Washington announced tough sanctions against PDVSA, designed to halt US imports of Venezuelan crude. The government stopped short of placing an outright ban; instead, refiners will be able to continue to receive Venezuela’s crude until the 28th of April as long as payments are placed in to a blocked account. Sanctions have already caused chaos and confusion.  Reuters reported earlier this week that over a dozen of tankers involved in oil trade with Venezuela were anchored in the US Gulf, as shippers seek clarity and payment instructions. 

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

MEMBER SECTION

If you are a member, please login or register to view this page. If you are unsure of your membership, or wish to become a member, please contact membership@bimco.org.

 

in Copenhagen, DK

Stay up to date

Receive up to date market information on a number of topics, such as newbuilding and demolition reports as well as a weekly perspective in the Shipping Number of the Week newsletter.

 

ELSEWHERE ON BIMCO

Contracts & Clauses

All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.

Learn about your cargo

For general guidance and information on cargo-related queries.

More about cargo

BIMCO Publications

Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.