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Tanker market report dated 26 July 2019

29 July 2019

During the first week of July, the well documented arrest of the 300,000 dwt ‘Grace 1’ by the British government caused tensions to spike between Iran and the West. Iranian retaliations to arrest a British flagged vessel, the Stena Impero, in the Straits of Hormuz have seen numerous statements calling for calm amidst the mayhem of political games. The current state of affairs has sparked tales of the Suez Crisis and the Gulf War, so why has there been minimal impact on freight rates and crude prices?  The weekly tanker market report by Gibson Shipbrokers.

Tanker market report dated 11 May 2018

14 May 2018

Donald Trump has taken the much anticipated decision to repeal sanctions relief for Iran, ending a near 2.5 years period of unfettered exports from the Islamic Republic. Market participants have been given a 180-day grace period, but we could see many adjust much sooner. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 14 September 2018

10 September 2018

As we move closer to the November 5th re-imposition of sanctions against Iran, the impact is starting to become more noticeable for the 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 2 November 2018

02 November 2018

Sanctions are back. From Monday any company trading Iranian crude faces being cut out of the US financial system. The Trump Administration has stated its aim is to reduce Iranian shipments to zero, although few expect this to actually be the case. The Administration appears to have softened its stance, perhaps realising that zero exports are both unrealistic, and potentially economically damaging in terms of oil prices. This morning Bloomberg has reported that waivers are likely to be granted to eight countries, with the official confirmation expected early next week. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Tanker market report dated 24 July 2020

28 July 2020

China is set to sign a deal that will see $400 billion invested in Iran over a 25-year period. The deal will include massive infrastructure projects, large scale spending on defence and closer ties between the two countries. Weekly tanker market report by Gibson Shipbrokers.