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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

James Harris

Broker

Department: Projects & Time Charter
Location: London
Tel: +44 (0) 20 7667 1191

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

Department: Projects & Time Charter
Location: Singapore

Discover more weekly reports

Tanker Market Report 16.05.25

Aging Fleet

The tanker fleet is aging. The last couple of years have seen few deliveries and little scrapping as a strong market and a growing dark fleet has kept many vessels from being beached. Second-hand asset values surged in the years following Russia’s invasion of Ukraine, as especially older vessels have found ready buyers in the dark fleet and sanctioned markets with prices far exceeding scrap values. With 51% of the total tanker fleet of 25,000 dwt and above aged 15 years and older and 22% above the age of 20, it begs the question of how aging has impacted fleet utilisation. Part of the answer lies in dark and sanctioned fleet activity, with 93% of the dark fleet aged 15 and over, and 64% aged 20 years and older.

View report

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