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The liquid cargo regulations

03 February 2020

The carriage of chemicals in bulk is governed by SOLAS Chapter VII - Carriage of dangerous goods and MARPOL Annex II - Regulations for the Control of Pollution by Noxious Liquid Substances in Bulk. The Conventions require chemical tankers built after 1 July 1986 to comply with the International Code for the Construction and Equipment of Ships carrying Dangerous Chemicals in Bulk (IBC Code). The carriage of oil is governed by SOLAS Chapter II-2 and MARPOL Annex I  - Regulations for the Prevention of Pollution by Oil

Tanker market report dated 22 June 2018

25 June 2018

It has been three years since the Chinese government first allowed the independent refineries to directly purchase crude oil on the open market, provided they met certain conditions. At the beginning, eleven independents were licenced to import just over 49 million barrels of crude in the first year of operation. By 2018, the government, as part of their aim to tackle environmental issues, announced even tighter regulations and taxation on the independent refiners and blenders in an effort to weed out small operations and deal with tax evading players. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.