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Tanker market report dated 26 January 2018

29 January 2018

Stock Watching - Looking at the latest data from the IEA on middle distillate and gasoline stocks, shore based inventories in OECD nations have returned close to historical averages. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Container Shipping - Slow demand and the absence of resumed idling of vessels has proved to be a heavy burden in the battle for rate restoration

23 June 2011

In the past three months, time charter rates have hovered around the same levels, providing owners with a steady market despite the downward shift in spot freight rates. Summer demand should determine the next turning point, with initial indicators suggesting weaker East/West volumes, but stronger North/South trade. Moreover, increased flows on the Middle East and intra-Asia trades should drive rates for small containerships higher, as idle capacity is now removed and orderbook in this segment is low.

New ICS secretary general

09 February 2018

The International Chamber of Shipping (ICS) has announced that Guy Platten, the current head of the UK Chamber of Shipping, will be the next secretary general of ICS.