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Caution

12 September 2016

Use of fuel: As provided by the directive 1999/32/ce as amended by directive 2005/33/ce of the european parliament and as per italian law too, we would draw your kind attention to the following: as from jan. 1st 2010 any vessel, in EC port or within the italian territorial waters using marine gasoil, are under the obligation to use, fuels with a percentage of sulphur less than0,10%. by mass (while at anchorage, in port, at berth). Vsl to have on board sample of fuels supplied and relative delivery receipt showing the percentage of sulphur. Harbour Master reserves his rights to perform inspections on board the vessel to ascertain the quantity of sulphur and in case the percentage will exceed the 0,10%, the Master or owners could be fined from minimum 15.000 euro to maximum 150.000 euro.

Tanker market report dated 26 October 2018

29 October 2018

India, along with China has long been revered as a key driver of world oil demand growth. However, higher crude prices and a weaker rupee have seen domestic fuel prices surge. Now, with sanctions imminent against one of India’s largest suppliers, consumers could see further price rises which may impact on their purchasing power. This begs the question; can the crude market really rely on India to drive demand over the coming years in a higher price environment?   The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 6 July 2018

11 July 2018

One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020. In particular, a lot of discussions have been focused on scrubbers. 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 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 3 May 2019

06 May 2019

Much of the current market focus is on crude supply, with sanctions, outages and unplanned disruptions impacting on supply. But with IMO2020 just around the corner, fundamental changes in the products market are afoot, with the market dynamics set to drastically shift as we move closer to the end of the year. The market for middle distillates (primarily gasoil, diesel and jet fuel) could be set for a seismic shock – in stark contrast to current market fundamentals.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.