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With OPEC+ set to roll over existing production cuts into Q2, the case of Russia is increasingly more complex. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
2023 has seen a notable increase in new tanker ordering activity and as the year slowly draws to its end, it is perhaps time to reflect on where investment in new tonnage has been the strongest and where it is still lacking. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In the crude tanker market, we have witnessed a return of spectacular volatility, with spot earnings on several key Suezmax and Aframax trades in the Atlantic Basin briefly spiking close or in some cases even above $100,000/day on a non-scrubber, non eco basis recently. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
With the global economic picture continuing to be dominated by bearish sentiment, and oil prices falling to lows not seen since the start of the year, the picture couldn’t be more different in the tanker market. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Amidst widespread price increases, it is not surprising that tanker asset values have also been rising. Our data shows a strong appreciation in VLCC and Suezmax values, with a significant divergence between newbuild and second hand price increases. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Last Friday saw the close of the much-anticipated Marine Environmental Protection Committee (MEPC 78) meeting at the IMO. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Concerns over growing inflationary pressure across the global economy have been gaining ground. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
There is no doubt that the green revolution is underway and arguably Europe is its epicenter. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Last week we wrote about the future of North Sea oil production and how it is a story of two halves. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Since Tuesday, the closure of the Suez Canal has dominated mainstream media headlines around the world. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
