Persian Gulf: War risks revisited 21 June 2019 As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others are differentiating based on the type of tonnage, flag and port of call. AP is typically charged as a percentage of the hull value. Underwriters day top value is at present 1%. News story Advice Clause War risks Gulf of Oman Persian Gulf
BIMCO urges nations to co-operate after new Hormuz attacks 13 June 2019 BIMCO is urging nations to defuse tension and work together through diplomatic efforts following new attacks on two tankers at the Strait of Hormuz on 13 June. Press release Priority news News story Security Gulf of Oman Persian Gulf Strait of Hormuz
Tanker Shipping - improving asset prices for product tankers 19 August 2013 The market for crude oil tankers hasn’t been particularly upbeat in the first half of the year. Product tankers however have delivered very decent returns if judged by their performance during the last 7 months. Market analysis Tanker
Tanker Shipping - The world of energy is undergoing fundamental changes 10 October 2013 Demand: The dynamic nature of the product tanker market, where refinery locations, local market demand specifications and price arbitrage trades are constant moving objects, turn one main trade into a minor trade within a New York minute. Market analysis Tanker
Container Shipping - strong demolition activity dampens growth 13 June 2013 Strong demolition activity dampens fleet growth, while stable US demand supports optimism as we head into the “peak-season” Market analysis Container
Tanker Shipping - tanker demand in the US is in focus 11 April 2013 The tanker market is doing full steam ahead – not in relation to demand, earnings or actual operating speed, but in relation to structural demand changes in the West. Market analysis Tanker
Tanker Shipping - Low demand growth and an ever increasing fleet impact the market conditions negatively 16 August 2012 Overall annual oil demand growth in 2012 is now expected to come in at 0.9% by the IEA (+800,000 barrels per day), close to last year’s 0.8%, which was a 10-year low (excluding the contracting years of 2008/2009). The rise is exclusively originating from non-OECD countries. The outlook was modestly curtailed by early July on the back of the weaker global economic situation. This translates into a rather slim fundamental support to the tanker segment, but fortunately tanker shipping is so much more than overall oil demand. Market analysis Tanker
Tanker Shipping - Recent positive development spurs optimism amongst crude tanker owners as VLCC earnings remain comfortable 11 April 2012 The positive demand picture that was firming freight rates on benchmark routes in all crude tanker segments towards the end of 2011 and the first two months of 2012 is still hanging around. Almost the same – that is, as Aframax tanker have seen earnings on the benchmark route in the North Sea drop during February to touch the ground before taking rates to currently USD 10,500 per day. Market analysis Tanker
Container Shipping - A mixed market that holds a bit of everything is what meets the eye 10 April 2014 Market analysis Container
Security advisory following attacks on ships off Fujairah 20 May 2019 News story Security United Arab Emirates Fujairah
