Perhaps of all countries, Venezuela has suffered the most from the crash in crude oil prices.Furthermore, Venezuelan heavy grades tend

Our last two Weekly Reports have been very much focused on the product and crude tanker markets looking at developments over

Earlier this week spot returns in the VLCC market touched their lowest level since October 2014, with TCE earnings for Middle

This year the product tanker market has come down much harder and much faster than we initially expected. Gibson Consultancy &

The new enlarged Panama Canal locks will open their gates to the first toll paying vessels on 26th June, twenty months

Between 2013 and 2015 the tanker industry witnessed a surge in new orders for all sizes, except Handy/MRs. Investment in the

Our Market Report (6th May) focused on the age profile of the VLCC fleet and the prospects for trading life beyond

Major supply disruptions can be a frequent feature of the oil markets with the most recent examples this decade being Libya

VLCC storage has been a topical subject since early 2015 despite the fact that the contango structure in crude futures never

At the beginning of the year thirty-nine VLCCs (built 2000) dropped over the 15 year barrier where many charterers set their