Gard has previously highlighted the importance of manifold samples as the multimillion dollar samples for tankers. This alert focuses on the importance of the manifold and first foot samples, and the lessons we have learnt from cases arising in the Bla…
The importance of manifold and first foot samples at load port Read More »
Despite the turmoil of 2020 in the crude oil market, Iraq has managed to increase its oil exports to China, its main customer. In its latest weekly report, shipbroker Banchero Costa said that “oil prices began to recover after the Organization of Petro…
Iraq’s Oil Exports To China Up 27.5% During First Half of 2020 Read More »
As a result of the strict capacity management by the carriers, rates have remained strong and earnings for the major shipping lines have remained remarkably stable given the horrific market circumstances encountered in the first half of the year. The m…
Capacity cuts or market management? Read More »
Following on from our earlier Integr8 notes on developments in bunker prices, oil prices and the supply/demand fundamentals behind the oil industry, here we give an update on bunker pricing and some of the possible next moves in the market. After the e…
The tanker market could find a new supporting pillar in the recent China-Iran deal. In its latest weekly report, shipbroker Gibson said that “China is set to sign a deal that will see $400 billion invested in Iran over a 25-year period. The deal will i…
Tankers Looking for New Support Read More »