Showing 161 - 170 of 200
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.
The Panama Canal stands as one of the world’s most vital intercontinental waterways, playing an important role in facilitating global trade, particularly along the routes connecting the Americas and Asia. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The end of last year was marked by a significant increase in attacks on ocean-going vessels in the Red Sea, with several prominent shipping companies announcing temporary pauses in their transits through the region. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The Panama Canal has received much attention recently as low water levels have led to both an increase in transit waiting days as well as the number of vessels waiting to cross. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Despite being a major crude exporter and home to significant refining capacity, Mexico has relied for many years on imports to meet its domestic fuel demand. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
For the tanker market, the last twelve months have seen a dramatic reorientation of long-established trade patterns and fuelled a strong rate environment. Therefore, on the one-year anniversary of the outbreak of the war what can we expect going forward? The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Last week, OPEC+ agreed to make production cuts of 2 mbd for the next 14 months from November 2022 to December 2023, representing a 2% reduction in global oil supply. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
This week, benchmark VLCC earnings (non-scrubber, non eco) surged to over $40,000/day after spending nearly 20 months with TCEs either negative or below fixed operating costs. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Over the past few years tanker owners have watched containership values surge to unbelievable levels, whilst their own values have struggled against a backdrop of weaker transportation fuel demand following the pandemic. However, gradually recovering oil consumption and the fallout of Russia’s aggression in Ukraine has propelled spot earnings and with that, secondhand values to levels not seen in over a decade. 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.
