As is customary this time of year, the ladies from our Singapore, Hong Kong and Beijing offices came together to celebrate a successful and expansive year for Gibsons in the Far East.
From left to right: Anna (Beijing), Stefanie, Sheryle, Adelene and Eunice (Singpore) and Jessie (Hong Kong)
Gibson Shipbrokers has been through a transitional period in the past year, says managing director Nigel Richardson.
His choice of phrase, common among football managers, is perhaps apt, given the poaching of a team of 10 clean brokers by a cross-town rival and the reshaping of the dry cargo desk following the retirement of some respected pros.
Add in a historic change of ownership, the opening of a new dry cargo office in China and arguably the worst shipping crisis in decades, and Richardson has had plenty on his plate of...
Tanker executives remain sanguine in the immediate wake of Opec’s announcement last week that it would cut production.
The cartel’s members announced a deal to target oil production of between 32.5 million and 33 million barrels per day, down from an estimated level of 33.2 million barrels per day in August.
Tanker demand, especially for very large crude carriers (VLCCs), has been buoyed this year by increasing cargoes out of the Middle East. But the prospect of a cut could further hurt the asset class, which is...
Suezmax tanker deliveries may slow next year thanks to more slippage in the orderbook. But it remains unclear whether the slippage will be sufficient to give rates much of a boost.
Many market watchers consider the orderbook for suezmax tankers, which stands at north of 10% of current capacity, as one factor weighing down freight rates.
Although rates bounced back in September thanks to the resumption of some Nigerian crude exports, year-to-date spot freight rates from West Africa to Europe have averaged $23,000 per day, about...
Gibson sees products demand 'rebound'
Researchers say beyond immediate disappointment market could find some support.
June 20th, 2016 10:06 GMT
by Andy Pierce
Published in Tankers
Products tanker rates have undershot expectations in 2016 but researchers at Gibson Shipbrokers believe a demand rebound could offer owners a helping hand.
Gibson counts 44 new medium range (MR) tankers, 25 LR2s and eight LR1s arriving this year at a time when demand has been less supportive than many believed.
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