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CIMAC Guideline: The Interpretation of Marine Fuel Analysis Test Results

14 September 2018

This guideline follows on from the CIMAC WG7 guideline No 09:2014 which set out the differences between the ISO 4259 approach and that adopted under MARPOL Annex VI in respect of fuel sulphur content test results. However, it is important to understand that this ISO 4259 approach is also applied generally to the interpretation of all marine fuel analysis test results.

Tanker market report dated 10 August 2018

13 August 2018

2018 has been a horrible year for product tanker owners, with sale and leasebacks being necessary for many to provide a financial bridge to better times. Many are pinning their hopes on 2020; which, as we have written in the past is expected to be supportive for product tankers. However, many are also hoping that new refinery developments will offer a further boost to tonne mile demand, similar to what was seen from 2014-2016. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 4 May 2018

07 May 2018

Opec’s decision in November 2014 to remove all production limits hit Venezuela particularly hard as the oil price fell to historically low levels. As a result, the nation’s economy slumped from what was already a precarious position and despite the country sitting on the world’s largest proven oil reserves. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 20 April 2018

23 April 2018

Last night saw Ice Brent close at $73.78/bbl, the highest since November 2014. Oil prices have been on a rollercoaster journey over the past four years. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

USCG Ballast Water Management information

07 March 2018

The USCG Ballast Water Management regulations entered into force in June 2012 and is now close to being fully implemented so any ship calling US ports have to be in compliance with the relevant regulations and requirements. It should also be noted that a number of US individual States have implemented their own requirements beyond the USCG regulations so liaison with a local agent is recommended. 

US seaborne exports of oil products at an all-time high

05 March 2018

Following a seasonal surge in December 2017, the US seaborne export of oil products (materials derived from crude oil) reached the highest annual level ever, in terms of volume and tonne miles demand. An increase in volume, combined with a marginal increase in the average sailing distance, caused the total annual tonne miles demand to surpass the previous high set in 2013.