Projects & Time Charter

Our Projects & Time Charter desk is dedicated to meeting the longer-term strategic chartering needs of owners, traders, oil companies and operators. Our skilled team collaborates closely with clients, providing bespoke solutions.

Working with our Sale & Purchase and Research teams allows us to offer innovative solutions, mitigate the impacts of market volatility and effectively manage freight costs, providing our clients with a strategic advantage.

Green Shipping

In response to the imperative to decarbonise shipping, our projects team is at the forefront of assisting cargo owners in transforming their supply chains. Beyond traditional chartering services, our projects team actively engages in helping clients understand various fueling options and connects them with shipowners and shipyards to facilitate the launch of lower carbon vessels.

This forward-thinking approach not only aligns with the evolving regulatory practices but also positions our clients to navigate the transition towards more sustainable and environmentally responsible shipping practices.

Projects & Time Charter in numbers

1000+

Tanker time charters per year

230+

Dual fuel tankers in operation/on order

450+

Tanker charterers

Projects & Time Charter Team

Annabelle Vernon

Broker

Department: Projects & Time Charter

Location: London

Tel: +44 (0) 20 7667 1231

Edward Romer-Lee

Head of Crude, West

Department: Projects & Time Charter

Location: London

Tel: +44 (0) 20 7667 1047

Eugene Carokis

Broker

Department: Projects & Time Charter

Location: London

Tel: +44 (0) 20 7667 1138

Lindsay Hunting

Sectional Director

Department: Projects & Time Charter

Location: London

Owen Bolton

Director

Department: Projects & Time Charter

Location: Singapore

Roger Harrison

Managing Director

Department: Projects & Time Charter

Location: London

Tel: +44 (0) 20 7667 1226

Ting Hong Ho

Broker Assistant

Department: Clean Tankers

Location: Singapore

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 19.09.25

Section 301 imminent

In April, the Office of the United States Trade Representative (USTR) published their much-anticipated action plan to address alleged Chinese maritime dominance. Few further details have come to light since, and significant uncertainty remains around details of the policy. The measures are scheduled to come into effect soon, on the 14th of October, after a phase in period of 180 days.

Tanker Market Report 12.09.25

Refining Ramp-up

Last month refining runs hit an all-time high of just over 85mbd, with refineries running much harder this summer than at any other point since the pandemic. Globally, refining has had a pretty good year with margins performing better than many expected; yet the industry is not without its challenges. Increased regulatory costs, competitive pressures from new refineries and changing oil demand dynamics will all continue to increase the pressure on older, less efficient plants, leading to not only changes in flows, but also outright volumes.

Tanker Market Report 05.09.25

Sanctions and Tariffs Test Russia’s Crude Trade

Western economies are turning up the heat on Russia, tightening sanctions and raising tariffs in an effort to squeeze its energy revenues. Yet despite mounting pressure, Russian crude exports have so far shown remarkable resilience. The EU’s lower crude price cap came into effect this week, and Washington has doubled tariffs on Indian goods to 50% as part of the efforts to pressure New Delhi over its continued imports of Russian crude. Against this backdrop, Donald Trump’s latest meeting with Vladimir Putin delivered no breakthroughs, while the war itself grinds on with drone attacks and continuing hostilities.

Tanker Market Report 29.08.25

Cascading Costs

The shipping markets have had to face significant regulatory burdens over the last years. Starting with the IMO 2020 regulations 5 years ago, a deluge of new environmental regulations has come into effect. The cost burden that the industry has had to face differs strongly across industries and asset classes, as well as jurisdiction, with the EU imposing the most stringent regulations.

Tanker Market Report 22.08.25

The Beginning of the End (Take 2)

Back in February, we wrote a report titled “The Beginning of the End” following Trump’s first phone call as President with Putin. 6 months on, following the first face to face meeting between Trump and Putin in his second term, the report itself remains surprisingly relevant. Whilst the meeting yielded little, it is once again focusing minds on the possibility of the conflict coming to an end or at least being frozen. Whilst the path to peace remains uncertain, if progress can be made, it is unclear to what extent trading relationships can revert to pre-war patterns.

Tanker Market Report 15.08.25

Still Handy?

The Handy tanker market continues to shrink. This has been an ongoing trend for many years, which was rapidly accelerated by the conflict in Ukraine. With spot fixtures in the Baltic and the Black Sea going from around a third of total fixtures to less than 10% each year since 2023, Handies had to find demand elsewhere. Nevertheless, total volumes have continued their ongoing downwards trend, and this year seems to be no different. If the trend doesn’t change going into Q4, numbers for 2025 look set to drop compared with 2024.

Tanker Market Report 08.08.25

What’s Steering Aframax Demand?

The fortunes of the Aframax market in recent years have been largely driven by a surge in crude tonne-mile demand following the onset of the Russia-Ukraine war. The rapid expansion of the dark fleet servicing Russian trade has further supported the market. Looking ahead, increasingly stringent Western sanctions, combined with broader geopolitical tensions will remain key forces shaping the sector’s outlook. However, reconciling the many fast-moving developments, including tanker sanctions, the EU’s 18th sanctions package, Trump’s punitive tariffs on India for purchasing Russian crude, secondary sanctions on other countries, and The President’s latest comments on progress in talks with Moscow, remains a significant challenge.

Tanker Market Report 01.08.25

Choosing a side

Throughout the war in Ukraine, key buyers of Russian commodities such as India, China, Turkey and Brazil have managed to walk a tightrope between the US, EU and Russia. These countries have benefitted from discounted Russian energy and undisrupted trade to the US and EU over the past three years. However, now that dynamic is changing. The EU recently finalised its 18th sanctions package, which subject to final details, will bar the import of refined products made from Russian oil from 2026 onwards and now President Trump is also upping the pressure.

Tanker Market Report 25.07.25

Tankers learn to Tango

Argentina has turned into one of the biggest growth stories in oil production globally. Home to the world’s fourth largest shale oil reserves, the country has long struggled to properly exploit its resources. In recent years, rapid economic and fiscal reforms have enabled investment and production to take off. We covered this progress in our report last year, at which point shale oil production stood at around 300 kbd. This year has seen production rise to 450 kbd, revealing the rapid pace of development taking place.

Tanker Market Report 18.07.25

The Tiger Cubs Roar

In the past decade, oil demand has been defined by rapid growth in the Chinese economy, with the country responsible for 60% of global growth. However, with the outlook for Chinese oil demand changing, the structure of global oil trade is also shifting. A combination of factors is contributing to plateauing Chinese demand, but the biggest factor is the significant penetration and widespread adoption of electric vehicles. In addition, there is an increasing uptake of LNG powered and electric trucks.

Tanker Market Report 11.07.25

Orderbooks, Old Ships, and Sanctions

Tanker ordering activity for vessels above 25,000 dwt has dropped sharply this year, with total orders around 110 units. This decline reflects a mix of regulatory and market uncertainties, along with persistently high newbuilding prices. Current prices remain just below the multiyear peaks seen last year, while shipyards face little pressure to offer significant discounts. 2025 orders are well below the nearly 850 tankers contracted in 2023 and 2024, and broadly in line with the limited ordering activity seen between 2016 and 2022. The only segment where fresh contracting has remained relatively robust is Suezmaxes, with 36 tankers ordered so far this year.

Tanker Market Report 04.07.25

All about US

Almost every year since 2020 has been a rollercoaster ride, and the first six months of 2025 were no different with a wide range of factors influencing the tanker markets. The return of President Trump has undoubtedly been the catalyst for much, but not all the volatility and uncertainty. Changes are awash from geopolitics, international relations, trade, conflict, regulation, and decarbonisation among others, with the outlook arguably as uncertain as it has been at any point in the past 5 years. In this report we recap on some of the key topics and developments so far this year.

Tanker Market Report 27.06.25

A Longer View

Earlier this month, the International Energy Agency (IEA) released their annual report detailing a medium-term outlook for oil markets. Oil 2025 has reiterated last year’s assertion that global oil demand will peak in 2029, only slightly changing the forecast for 2030 from 105.4 mbd to 105.5 mbd, with the trend gradually slowing and reaching contraction in 2030. Most of this growth is anticipated to take place in the Asia Pacific, specifically in India, which is projected to grow by 1 mbd between 2024 and 2030, and Southeast Asia, with Indonesia leading the pack at 470 kbd. This growth is primarily made up of demand increases in petrochemical feedstocks and jet fuel. Elsewhere, the IEA sees demand growing in South and Central America and Africa by 600 and 800 kbd, respectively. Relative growth rates in Africa are projected to be the strongest globally, largely following population and GDP growth patterns. This year, global oil demand is seen at 103.8 mbd, an 800 kbd increase from 2024.

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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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