Tanker reports

Tanker market report 5 November 2021

For the past two decades, the tanker market has benefited from strong, near continuous growth in Chinese crude oil imports. Consistent refining capacity expansions and flat crude production have left Chinese oil companies with little choice but to boost imports, whilst prior to the pandemic, Chinese refiners were increasingly using their advanced and efficient facilities to boost product exports across Asia and beyond. However, just as the global energy landscape is moving towards a lower carbon future, so is China. So, what does this mean for tankers? Can Owners continue to rely on China to drive oil demand in the decade ahead or is Chinese oil demand close to peaking? The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Clean product tanker rates on US bound trade almost doubles after pipeline attack

The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region.

Tanker market report 24 September 2021

The current strength in gas prices is having major ramifications for global energy markets. Record prices in Europe and Asia are forcing utility firms to look for alternative energy sources and have pushed some companies into bankruptcy. Many have been forced to burn more coal despite the environmental consequences, whilst oil-based fuels will also receive a demand boost in regions where oil fired power capacity still exists. With oil demand expected to find some support, could tankers finally receive the catalyst they have been longing for? The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Tanker market report 5 March 2021

Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

BIMCO launches new Tanker Safety Network for members

On 13 December, we kicked off the latest in a series of membership networks, the BIMCO Tanker Safety Network, with the aim to bring together tanker owners and operators for relevant and timely discussions about industry safety.

Security advisory, 13 June 2019 attacks on tankers East of Strait for Hormuz

Tanker market report dated 26 June 2020

In early June the US Treasury department added several tankers to its Venezuela sanctions lists for allegedly lifting oil from the country between mid-February and late April this year. It does appear, however, that sanctions were applied only to the vessels in question, with limited broader legal exposure. Weekly tanker market report by Gibson Shipbrokers.

Tanker market report dated 10 August 2018

2018 has been a horrible year for product tanker owners, with sale and leasebacks being necessary for many to provide a financial bridge to better times. Many are pinning their hopes on 2020; which, as we have written in the past is expected to be supportive for product tankers. However, many are also hoping that new refinery developments will offer a further boost to tonne mile demand, similar to what was seen from 2014-2016. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

Eritrea, Assab - Caution