Tanker market report dated 28 June 2019

2019 so far has proved to be a year dominated by geopolitical events. The US Administration has placed sanctions on both Iran and Venezuela in a bid to reduce crude exports to zero. Tanker sabotage and disruption in the Middle East Gulf has pushed insurance premiums up and led to some shipowners to avoid the region. Potential disruptions to Libyan supply remain. The US-China trade war has threatened to generate an economic slowdown, adding further market uncertainty. Crude prices have ebbed and flowed, touching highs of $74.57/bbl in April and lows of $54.91/bbl in January as both supply, demand and geopolitical signals vie for supremacy. 

The weekly tanker market report by Gibson Shipbrokers.

MEMBER SECTION

If you are a member, please login above 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 bunker prices, 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.