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Tanker market report dated 4 January 2019

07 January 2019

Late in 2018, China issued a raft of additional refined product export quotas to cope with a domestic oversupply of fuel. These additional volumes were partly responsible for the strength of the Asian product tanker market towards the end of 2018 and the persistent weakness in the Asian oil products markets. For many the question is therefore: what will Chinese refined product export volumes look like in 2019, and can they help sustain the regional product tanker market?  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 18 January 2019

21 January 2019

The scrubber debate continues with the same intensity as it did six months ago, although there appear to be fewer announcements for new installations. According to the DNV GL, the number of new bookings for fittings during 2019 decelerated over the past couple of months. It remains to be seen whether this slowdown is attributable to a diminishing appetite for scrubbers or limitations in yard/manufacturing/equipment capacity. On the face it, perhaps the latter is true since the interest in installations over the course of 2020 continues to grow, although absolute numbers are much lower versus 2019 figures The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Newbuilding report dated 8 January 2019

09 January 2019

The very healthy activity the newbuilding market has seen throughout 2018 has definitely set the bar high for the current year and although we believe that things will not be as busy during 2019, it seems that January has kicked off with an impressive number of orders. Indeed, in the list with the most recently surfacing deals, we see contracting appetite very much alive across all of the more conventional sectors, with gas carrier orders once again standing out given the recent boom in contracting the sector has seen.  The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.

Demolition report dated 11 January 2019

14 January 2019

Instability seems to be the key word in the subcontinent markets this week, with all locations precariously poised and seemingly heading downwards, as 2019 embarks on a rather negative and tentative start. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Tanker market report dated 25 January 2019

28 January 2019

According to a recent IEA report, 2019 is expected to see the largest wave of refinery capacity additions since the 1970’s. The Agency expects that 2.6 million b/d of new capacity will initiate operations this year. In terms of pure volumes, this is of course a bullish sign for the product tanker market, but what really matters is how global product flows shape up.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Demolition report dated 25 January 2019

28 January 2019

Since the advent of 2019, the declines witnessed across the Indian subcontinent markets have shown no signs of abating and increasingly desperate Cash Buyers finally started to offload their hefty existing (and expensive) inventories at ever decreasing rates. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.