Dry Cargo

An experienced team specialising in the Capesize market, our dry cargo brokers operate from key hubs in London, Dubai, Singapore, and Hong Kong. We extend our services to smaller deadweight markets based on our clients’ needs. Backed by robust research capabilities, our goal is to offer informed advice and assistance, guiding clients through the intricacies of the challenging and highly volatile freight markets.

Our goal is to offer more than just brokerage services; we aim to provide informed advice and assistance that guides clients through the intricacies of today’s challenging and highly volatile freight markets.

Dry Cargo in numbers

1600+

Capesize and Newcastlemax bulk carriers in operation

1.2b

Tonnes Chinese Iron Ore imports in 2024

Dry Cargo Team

Adelene Low

Dry Cargo Operator

Department: Dry Cargo Capesize Ops

Location: Singapore

Bernard Zhang

Trainee Broker

Department: Dry Cargo

Location: Hong Kong

Carl Palmer

Broker

Department: Dry Cargo Capesize

Location: Australia

Edward Carlbom

Broker

Department: Dry Cargo Capesize

Location: Dubai

James Stewart

Sectional Director

Department: Dry Cargo Capesize

Location: Singapore

Jeremy Abbott

Research / Broker

Department: Dry Cargo Capesize

Location: London

Nicholas Ward

Director

Department: Dry Cargo Capesize

Location: Singapore

Samuel Tay

Broker

Department: Dry Cargo Capesize

Location: Singapore

Shengming Zhang

Broker

Department: Dry Cargo Capesize

Location: Hong Kong

Stuart Mitchley

Broker

Department: Dry Cargo Capesize

Location: London

Propelling maritime trade through excellence in shipping services.

With over 130 years of experience and a global network of industry connections, we are your trusted partner in shipbroking and advisory services.

From crude oil to refined products we facilitate the chartering and brokerage of tankers.

LPG, Ammonia & Petrochemical Gases

Leveraging expertise, we ensure seamless transportation of liquefied gases.

Sale & Purchase

Facilitating the acquisition, divestiture and value optimisation of shipping vessels.

Specialised & Chemical Tankers

Offering specialised solutions, we manage the chartering and brokerage of chemical tankers.

Projects & Time Charter

Catering for the specific needs of clients in project and time charter requirements.

Consultancy & Research

Providing valuable insights and strategic advice to empower our clients with market intelligence and analysis.

Facilitating chartering solutions to ensure the efficient and secure transportation of LNG.

Managing and actioning the chartering and brokerage of dry bulk commodities.

Gibson Capital provides specialised maritime finance and advisory services.

Discover more weekly reports

Tanker Market Report 08.05.26

Clean-to-Dirty

Clean to dirty switching first gathered pace in the fourth quarter of 2025 with recent geopolitical developments further accelerating dirty ups in recent months. With the outbreak of war paralysing the Middle East Gulf, approximately 2.4mbd of clean products have been removed from the tanker the market. With regional crude exports and refining activity subdued, tonnage fled the East in a mass exodus toward the Atlantic Basin in search of employment.

Tanker Projects 08.05.26

Gibson Weekly Projects Report – 08 May

Gibson Weekly Projects Report

Tanker Market Report 01.05.26

OPEXIT

Earlier this week, the United Arab Emirates (UAE) confirmed its exit from OPEC. Whilst an exit had been mooted before, the timing of the announcement surprised many given the ongoing Middle East war. With Hormuz effectively closed, and oil production shut in across the region, Abu Dhabi’s announcement will not impact oil markets today. However, in the long term, oil prices, production and tanker demand could all feel the impact.

Tanker Projects 01.05.26

Gibson Weekly Projects Report – 01 May

Gibson Weekly Projects Report

Tanker Projects 24.04.26

Gibson Weekly Projects Report – 24 April

Gibson Weekly Projects Report

Tanker Market Report 24.04.26

MRs in focus

The conflict in Iran concludes its eighth week and tanker markets are adapting to the new reality. In the East, clean exports are so far this month averaging the lowest levels in over a decade, in large part due to nearly inexistent exports from the Middle East Gulf (MEG), but also due to a lack of feedstock, especially for Asian refiners, alongside protectionist policies barring exports from some countries. In contrast to this, West of Suez clean exports are near record monthly highs.

Tanker Projects 17.04.26

Gibson Weekly Projects Report – 17 April

Gibson Weekly Projects Report

Tanker Market Report 17.04.26

The Clock is Ticking

We have covered the Iran conflict extensively in recent weeks, and this week is no exception. Given the importance of Middle East Gulf trade flows, everything else pales in comparison. In perhaps the most significant development since hostilities began, Iran’s foreign minister has just announced that the Strait of Hormuz is open to all commercial vessels transiting via a coordinated route for the remaining duration of ceasefire. Whether this translates into a meaningful resumption of traffic remains to be seen.

Tanker Market Report 10.04.26

Fragile Hiatus

The two-week ceasefire announced on April 7 between the US and Iran has introduced a flicker of optimism, though the reality remains fraught with risk. There are conflicting messages from the White House, confusion surrounding Lebanon, the terms of the Strait of Hormuz reopening, and President Trump’s willingness to cooperate on the removal of nuclear materials as a de-escalation measure, which appears to be a unilateral US proposal rather than a settled term of the truce. The ceasefire is better viewed as a tenuous, high-stakes diplomatic window rather than a definitive step toward normalization. High-level diplomacy is currently being undermined by intense Israeli military activity in Lebanon, which Tehran cites as a breach of the deal’s spirit.

Tanker Projects 10.04.26

Gibson Weekly Projects Report – 10 April

Gibson Weekly Projects Report

Tanker Market Report 27.03.26

Aftershock

With so much short-term uncertainty surrounding the Middle East War, most are focused on the near-term implications. However, the conflict will have lasting impacts…

Tanker Projects 27.03.26

Gibson Weekly Projects Report – 27 March

Gibson Weekly Projects Report

Tanker Market Report 20.03.26

Upstream Under Attack

The past few days have seen the conflict extend beyond chokepoint disruption into direct strikes on production and refining infrastructure across the Gulf. Following Israel’s attack on Iran’s South Pars gas field on Wednesday, Iran retaliated with drone and missile strikes on energy facilities in Qatar, the UAE, Saudi Arabia, and Kuwait. Qatar’s Ras Laffan industrial complex was targeted, and Abu Dhabi’s Habshan gas facility and Bab oil field were shut down. Drone strikes caused fires at Kuwait’s Mina Al-Ahmadi (346 kbd) and Mina Abdullah (454 kbd) refineries, with the former being struck repeatedly, forcing a shutdown of the refinery. The SAMREF refinery in Yanbu and Haifa refinery in Israel were also struck, with damage still being assessed. After a brief pause over the weekend, attacks on vessels continued this week, as a ship was struck off Ras Laffan, and another off Khor Fakkan. Since 28 February, the UKMTO has reported a total of 19 attacks on commercial vessels.

Find a Broker

Whether it’s tankers, clean products or specialised cargo, find a trusted broker in navigating the seas of global trade, and get access to a connected team of seasoned shipping professionals, operational excellence and unmatched strategic guidance.

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