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Tension in the Gulf: The contractual implications
05 August 2019The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?
European Union Regulations on Iraq
01 December 2014United Nations Security Council Resolutions on Iraq
24 June 2010Iraq (Homepage)
12 September 2016Tanker market report dated 15 March 2019
18 March 2019Opec crude production fell by 240,000 b/d in February to 30.68 million b/d, its lowest level in 4 years. February numbers show a significant over compliance, with Saudi Arabia leading efforts to implement cuts with a 153% compliance rate, some 170,000 b/d already below their overall target. Iraq and Saudi Arabia alone contributed 170,000 b/d in additional cuts between them in February alone. However, having already cut production close to their original 2019 target, they may now be missing the opportunity to capture market share in the face of rising demand. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Tanker market report dated 29 September 2017
02 October 2017Iraqxit? This week’s non-binding independence vote in Iraqi Kurdistan may do little to change the semi-autonomous region’s crude output in the short term. The weekly tanker market report by Gibson Shipbrokers.
US sanctions against Iraq
26 May 2020Security advisory: US executive order likely to impact ships calling US ports
01 February 2017Tanker Shipping - Stronger tanker markets prolonged on strong fundamentals
16 March 2015Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings.
