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20 September 2016

The Baltic Wood Charter Party was developed for the wood trade from the Baltic and the North Sea (with the exception of Russian ports) to the U.K. and Ireland. The latest edition of this contract is NUBALTWOOD, issued in 1997.

Tanker market report dated 20 March 2020

24 March 2020

This week global crude benchmarks plummeted to their lowest levels in 18 years, as Saudi Arabia and Russia became embroiled in an oil price war coinciding with a period of colossal demand destruction, threatening the future of the growing US shale industry. The weekly tanker market report by Gibson Shipbrokers.

Tanker market report dated 12 April 2019

15 April 2019

Like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride over the past six months. Earnings surged in the 4th quarter of last year, in part due to major Turkish Straits delays, in part due to marginal fleet growth. Of course, other factors were at play as well, such as higher Middle East/Russian crude exports in Q4 2019, prior to the re-imposition of the production constraint. The picture now is very different. Earnings on benchmark routes in the Atlantic Basin declined steadily during the 1st quarter, averaging in March close to OPEX. Once again, the decline has been triggered by a combination of factors.  The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.