03 May 2021
During a 10-day operation called “Jangkar Haram”, Malaysia clamped down on illegal anchoring in its waters. The ships involved have either been warned and ordered to leave or detained and fined. BIMCO recommends Masters to take extra precaution and obtain prior permission from relevant authorities before anchoring.
11 March 2021
Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year.
02 March 2021
The digital quarterly magazine containing all the best comment, analysis and information digests from BIMCO.
23 November 2020
All tankers carrying liquid cargoes governed by the International Code for Construction and Equipment of Ships Carrying Dangerous Chemicals in Bulk (IBC Code) and MARPOL Annex II should be checked and verified for compliance ahead of the regulatory changes that are taking effect from the new year.
03 November 2020
As the world’s seas and oceans become noisier, with little doubt that low levels of continuous noise can seriously impact the health of marine species, it is ever more likely that the shipping industry will have to get used to noise-reduction requirements and new regulations.
09 July 2020
Navigating the waters of Straits of Malacca and Singapore and associated waters, is not always straightforward and members need to be aware of certain legal risks that exists in these waters.
02 July 2020
Reduced volumes are currently posing a major challenge to container shipping due to the COVID-19 crisis.
24 June 2020
Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets.
12 June 2020
08 June 2020
Anyone who has worked in the tanker market for the last decade will be familiar with the story about the demise of old refineries in Europe in the face of stiff competition from newer, more efficient facilities in the East and the United States. Yet, in the last oil price crash (2014-2016), refineries in Europe had somewhat of a renaissance as lower prices boosted margins, and the story, which many product tanker owners used to beat the drum with investors, never fully materialised.
Weekly tanker market report by Gibson Shipbrokers.