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This year has seen a major increase in the Middle East clean product exports to Europe, with flows, mainly gasoil and jet, averaging at 0.82mbd for the year to date, up by 43% compared to the same period last year. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Markets remain in a curious state of stasis, as the final confirmation on the U.S. election victor (leaning towards Presidential hopeful Joe Biden) and further lockdowns across Europe threaten any end-of-the-year momentum / recovery that were starting to build. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The International Maritime Organization (IMO) has made changes to regulation of liquid cargo and, as a result, revised Certificate of Fitness requirements.
BIMCO will host a one-hour webinar on 27 January at 10:00 CET to introduce the new standard term sheet for bilateral ship financing transactions, codenamed SHIPTERM.
Overcapacity remains in the sector, where fleet growth is extremely uneven.
The current spot price level from Shanghai to the US West coast indicates that tonnage supply is tight - Freight rates have hiked 23% in 5 weeks
BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on 27 November 2019 in Athens, Greece.
In Europe, besides contending with an intense heatwave, lower rainfall has impacted inland waterway transport on the Rhine River. This serves as an important means of regional fuel distribution, given the lack of an extensive and well developed pipeline network. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
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Contact Switchboard on:
+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)