19 February 2024
Green methanol is often touted as one of the leading alternative sustainable fuels for the maritime sector. It is relatively easy to produce, most ports around the world can handle it, and being liquid at ambient temperature, it is cheaper to store than other alternative fuels like LNG or Ammonia which require cryogenic tanks. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
05 February 2024
Despite a partial lifting of sanctions against Venezuela in October last year, the US is now set to reimpose sanctions on the country’s oil industry in April, due to insufficient progress towards holding free and fair presidential elections; a key condition of sustained sanctions relief. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
30 May 2018
The impact of the sanctions against Iran and global stockpile levels are two factors to watch out for.
15 January 2024
The Libyan oil sector is no stranger to output disruptions but this week has seen the North African producer back in the spotlight, with Libya’s NOC declaring force majeure at the 300kbd Sharara oil field due to a resurgence in local protests over fuel prices and a reported lack of economic opportunities. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
08 January 2024
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.
06 November 2023
In less than two months’ time, the shipping industry will for the first-time face emission taxes. For many in the market, the inclusion of shipping in the EU’s Emissions Trading Scheme (ETS) has been a ‘tomorrow problem’, but owners and charterers will soon be fixing voyages which are set to arrive in Europe after the 1st of January, and thus incur an offsetting requirement for the portion of the voyage which falls into the new year. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
23 October 2023
Earlier this week, the United States announced that it has temporarily lifted sanctions on Venezuela’s oil and gas sector through the issuance of a six-month general license allowing the production, sale and export of Venezuela’s crude oil and gas, without limitations on buyers or markets. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
16 October 2023
Over the weekend, the world woke up to the extremely disturbing news coming out of Israel, with the conflict escalating rapidly as days went by. Oil prices initially gained on the news but retreated later in the week on the realisation that neither Israel, nor its direct neighbours (except Egypt) have any meaningful crude production. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
18 January 2019
The best performing port, in BIMCO’s Dry Bulk Terminals Vetting Report 2018, is Szczecin in Poland. The report collected input from 144 ships covering 381 terminals. A total of 97% of the reports were rated as average or better, which gave an average rating of 3.6 (out of five). The result is a marginal better than last year’s results.
28 January 2021
The mechanism supporting the generation of reports has changed since version 4. The development team is currently making the necessary adjustments so full reports are once again available. This is expected in the second quarter of 2021.
