Voyages through the Northern Sea Route (NSR) have long been on the radar, but […]
The post Gibson: Russia targeting year-round sailing in Northern Sea Route as early as 2025 appeared first on Offshore Energy.
Gibson Shipbrokers
Sanctions aftermath: India emerges as top buyer of Russia’s seaborne crude
India has become the largest seaborne importer of Russian crude in the wake of […]
The post Sanctions aftermath: India emerges as top buyer of Russia’s seaborne crude appeared first on Offshore Energy.
All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility
Uncertainty and volatility continue to cast a shadow over the oil and tanker market […]
The post All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility appeared first on Offshore Energy.
Certain tankers might produce more CO2 while chasing CII rating, Gibson warns
With less than four months until the entry into force of the IMO’s carbon […]
The post Certain tankers might produce more CO2 while chasing CII rating, Gibson warns appeared first on Offshore Energy.
Gibson Tanker Report – Week 23,2021
With the summer holiday season nearly upon us, attention turns to the state of the jet fuel market as it contends with the opposing forces of rising demand and ongoing Covid-19 travel restrictions. IATA estimates that global air traffic in March 2021 was down 87.8% compared to 2019 showing the extent of the pandemic on aviation.
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Source: Gibson Shipbrokers Ltd
The...
Gibson Tanker Report – All Eyes on India
In April 2021 World Economic Outlook, the International Monetary Fund (IMF) lifted global economic growth projections for 2021 and 2022 by 0.8% and 0.2% to 6% and 4.4% respectively due to the anticipated vaccine-driven recovery in the 2nd half of this year and additional fiscal support in some major economies, most notably the $1.9 new fiscal package in the US. In line with the IMF projections, the International Energy Agency (IEA) also revised upwards its expectations for world oil demand...
One quarter of tanker fleet to be over 20 years old by 2023
More than 25% of the active tanker fleet, i.e., one quarter, is set to […] The post One quarter of tanker fleet to be over 20 years old by 2023 appeared first on Offshore Energy.
https://www.offshore-energy.biz/one-quarter-of-tanker-fleet-to-be-over-20-years-old-by-2023/
27 LNG Fuelled Ships Ordered So Far This Year
Since the start of the year, there have been 27 LNG-fuelled vessels
ordered, according to a recent market insight from Gibson Shipbrokers, reports offshore energy.
Of these, 14 have been tankers, nine have been container vessels, two general cargo, and PCCs respectively. The vessels will be built through to 2024.
Furthermore, IMO figures show that the current orderbook for LNG-fuelled vessels stands at over 130 ships.
Industry BeliefThe ordering trend supports the industry belief...
https://mfame.guru/27-lng-fuelled-ships-ordered-so-far-this-year/
Gibson: 27 LNG-fuelled ships ordered so far this year
Since the start of the year, there have been 27 LNG-fuelled vesselsordered, according to […] The post Gibson: 27 LNG-fuelled ships ordered so far this year appeared first on Offshore Energy.
https://www.offshore-energy.biz/gibson-27-lng-fuelled-ships-ordered-so-far-this-year/
Growing Optimism in Tanker Market
With oil prices taking a turn upwards and demand expected to pick in the second half of the year, shipbrokers are examining whether this trend is a sign of a more bullish market ahead, which could benefit tankers as well, reports Gibson shipbrokers ltd.
Robust oil demandIn its latest weekly report, shipbroker Gibson said that oil prices are back above $60/bbl, their highest level since January 2020, before the Wuhan lockdown.
The report added, “In normal times rising prices typically suggest...