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Gibson Weekly Tanker Market Report [W11]

Each week, Gibson monitors developments in refined product and crude oil inventories.

Stimulus hopes drive rally in China ferrous futures, iron ore leads

Chinese ferrous futures rose for a second straight session on Thursday, with benchmark Dalian iron ore advancing by more than 5% on renewed hopes...

A rush of Brazilian sugar cargoes unusually heads to Russia – data

At least five vessels are headed toward Russia with nearly 200,000 tonnes of Brazilian raw sugar sold by European traders, according to shipping data...

Hellenic Petroleum deal for additional Saudi oil quantities

Hellenic Petroleum, Greece’s biggest oil refiner, has clinched an initial deal to get additional crude oil supplies from Saudi Arabia, two sources from the...

Iron ore bounces off 2-week low on renewed hopes for China stimulus

Benchmark Dalian and Singapore iron ore futures rebounded on Wednesday from two-week lows, after Chinese Vice Premier Liu He indicated Beijing’s plans to take...

Russia seeks optimal distribution of OPEC+ quotas if Iranian crude enters market

The OPEC+ alliance should agree on “how to optimally distribute” crude production quotas, if a new Iran nuclear deal is reached that unlocks Iranian...

Russian Oil Sales Going Underground as Cheap Crude Tempts Buyers

Away from the public eye. That’s where Russian crude is going as buyers tread carefully in their dealings with the pariah producer. The market is...

OPEC Retains 2022 Oil Demand Growth Estimate

Crude oil spot prices increased strongly in February compared to the previous month, supported by strong physical crude market fundamentals, dissipating fears about COVID-19,...

Intermodal Weekly Market Report [W10]

While all eyes are on the Russian invasion in Ukraine, the last 20 days the tanker market is taking another hit of uncertainty prior...

Oil Resumes Decline Following A Tumultuous Week

Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine...

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Greek shipping industry turns to Euronext Athens

The Greek shipping community is turning its attention to Euronext Athens. Safe Bulkers, owned by Polys V. Hajioannou, made the first move. The company pursued...

TOP Ships announces net income of $6.5 million, diluted earnings per share of $0.61 and stockholders’ equity of $76.7 million for the six months...

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced its financial results for the six months ended June...

TORM announces secondary public offering of its class A common shares by a selling shareholder

TORM plc announced the commencement of a secondary public offering of 9,000,000 of the Company’s Class A common shares by OCM Njord Holdings S.à...

TEN sees 300% plus increase in 6-month net income; record 1H revenues

TEN reported results (unaudited) for the six months and the second quarter ended June 30, 2026. FIRST HALF 2026 SUMMARY RESULTS TEN's fleet generated record gross...

Samsung seeks $186 million from CMA CGM in landmark FMC complaint

Samsung Electronics America (SEA) has filed a formal complaint against CMA CGM with the US Federal Maritime Commission (FMC), demanding at least $186 million...

Cruise Industry report shows measurable progress in environmental technologies and practices

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, released...

Stop attacking merchant ships and seafarers: IMO Secretary-General to Member States

The Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, has called on Member...

Iran says struck oil tanker in Strait of Hormuz

Iran's Revolutionary Guards said Friday they struck an oil tanker sailing under the Togolese...

World’s first ship-to-ship ammonia bunkering to an ammonia-fueled vessel

Demonstrating a Fuel-Supply Operation Essential for Deployment of Next-Generation Fueled Vessels NYK Line, with Japan...

M/MARITIME: Focus on Greek-Japanese maritime ties

The close shipping ties between Greece and Japan were highlighted at a meeting at...

Piraeus container traffic soars 18% in August

Container throughput at the port of Piraeus remained strong in August, with a significant improvement recorded at Terminals II and III as the global...

Port of Los Angeles posts best three-month cargo stretch in its history

Port of Los Angeles waterfront workers processed  955,907 Twenty-Foot Equivalent Units (TEUs) in August, capping the busiest three consecutive months in Port history. More...

ATI and DP World commission six new hybrid cranes at manila South Harbour

Strategic partners DP World and Asian Terminals Inc. (ATI) have commissioned six state-of-the-art hybrid Rubber-Tyred Gantry (RTG) cranes at Manila South Harbour (MSH), strengthening...

PCT S.A.: New customs licence for cargo arriving by rail

A step towards enhancing the operational efficiency of the Piraeus Container Terminal is the granting of an Authorised Consignee licence to PCT S.A. by...

ZIM: Updated freight rates from Mediterranean & Black Sea ports

Updated Freight Rates from all Mediterranean ports & Black Sea ports to all USEC & Gulf, Puerto Rico, Canada, Mexico, Caribbean & South America...