08 April 2019
Earlier in 2019, we published a market report into how the surge in Chinese refined product exports had a profound effect on the product tanker market. However, with significant new refining capacity coming online in China this year, it is important to assess where the additional crude supply will come from. With two of China’s key suppliers under sanctions, and many others participating in output cuts, procuring the additional volumes demanded may not be as simple as before. Where will China turn? The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
05 February 2019
The International Labour Organisation (ILO) celebrated its 100 years by issuing a new consolidated text of the Maritime Labour Convention, as amended (MLC,2006) which includes the 2014 and 2016 amendments.
05 June 2019
The newbuilding market continues to see healthy activity, with all of the most recently surfacing deals notably concerning tanker orders exclusively. The ten in total, firm and optional, orders consisting of VLCC and Aframax sized vessels could be signalling the pickup in newbuilding activity that most have been expecting during the second half of 2019 and only a few months ahead of the IMO 2020. 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.
06 March 2019
In one of the busiest weeks of 2019 in terms of reported orders, the appetite for newbuilding tonnage across the more conventional sectors remains evident, while despite the overall drop in dry bulk orders this year so far it seems that Post-Panamax orders remain popular among owners looking to invest in the sector. 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.
07 December 2023
Arrest clauses in charter parties are frequently one-sided with charterers having the right to terminate the charter party if the ship is not released within two or three days of an arrest. To provide a fairer allocation of risk and responsibility in the event of ship arrest BIMCO has developed two new standard clauses for time and voyage charter parties. Risk allocation is based on the “sphere of responsibilities” approach taken by the Court of Appeal of England and Wales in the "Global Santosh" judgment . Under this approach, a distinction is drawn between issues such as the management of the ship and its crew, which fall within the owners’ sphere of responsibility, and employment for use of the ship which falls within the charterers’ sphere of responsibility. This clause was published on 14 June 2019.
26 March 2019
BIMCO’s Chief Shipping Analyst will be participating at the INTERCEM Shipping Americas in New York City, USA, which will take place on 20 May 2019, and the Shipping Federation of Canada’s Annual Conference on 22 May 2019 in Montreal, Canada.
13 December 2018
BIMCO’s Chief Shipping Analyst will be participating at the INTERCEM Shipping Forum in Rome, Italy on 22 January 2019 and the Slide2Open Shipping Finance Conference in Athens, Greece on 24 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.
07 November 2018
23 April 2019
SnP activity keeps firming on a weekly basis, with MR tonnage remaining particularly popular in Buyers investing in the sector at the moment, while on the dry bulk side we had the first Capesize sale for 2019, which compared to the last done back in November indicates a discount of almost 13%. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
