Tanker market report dated 22 June 2018

It has been three years since the Chinese government first allowed the independent refineries to directly purchase crude oil on the open market, provided they met certain conditions. At the beginning, eleven independents were licenced to import just over 49 million barrels of crude in the first year of operation. By 2018, the government, as part of their aim to tackle environmental issues, announced even tighter regulations and taxation on the independent refiners and blenders in an effort to weed out small operations and deal with tax evading players.

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

MEMBER SECTION

If you are a member, please login using the orange button at the top of the page to view the full article, or register.

If you are unsure of your membership, or wish to become a member, please contact membership@bimco.org.

BACK TO: Tanker market report dated 29 June 2018 NEXT: Tanker market report dated 15 June 2018

Posted: 25 June 2018

Latest tanker reports

Latest market analysis

ELSEWHERE ON BIMCO

Contracts & Clauses

All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.

Learn about your cargo

For general guidance and information on cargo-related queries.

Search cargo databases

More about cargo

BIMCO Publications

Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.

View all