Sale & Purchase, New buildings & Demolition

Our Sale and Purchase service is underpinned by an expansive network, enabling our brokers to engage in global markets for the sale, purchase, newbuilding and demolition of various vessel types. This comprehensive approach ensures that our clients receive tailored solutions for their specific needs.

Our S&P brokers collaborate closely with our Time Charter & Projects desk, providing clients with not only timely and accurate charter market information but also opening avenues for relevant period chartering opportunities.

In response to escalating regulatory pressures and the growing imperative to reduce environmental impact, we are at the forefront of assisting clients in addressing sustainability concerns. Whether guiding them through the selection of fuel-saving technologies for a newbuild vessel or facilitating environmentally conscious vessel recycling, our team is dedicated to helping clients navigate the complexities of regulatory compliance while promoting environmentally responsible practices.

Sale & Purchase in numbers

49k

Ocean going cargo vessels in operation

2000+

S&P transactions in 2022

130+

Shipyards building deep sea vessels

About Sale & Purchase

Ship Valuations

Gibson’s ship valuation desk is a trusted impartial provider of certified valuations for leading Shipping Banks, Maritime Courts, Underwriters, Claims Adjusters, Oil Majors and Ship Owners. We have also undertaken numerous independent expert witness cases for arbitrations to the wide approval of our appointees. We value all conventional ship types and offer competitive fees for one-off or multiple/fleet valuations as well as bespoke retainer arrangements.

Sale & Purchase team

Anuj Gosalia

Broker

Department: Sale & Purchase

Location: Mumbai

Daniel Gifford

Director

Department: Sale & Purchase

Location: Athens

Tel: +30 211 198 2391

David Cundy

Broker

Department: Sale & Purchase

Location: London

Tel: +44 (0) 20 7667 1150

David Hawkins

Broker

Department: Sale & Purchase

Location: London

Tel: +44 (0) 20 7667 1151

Georgios Stratakis

Broker

Department: Sale & Purchase

Location: London

Jamie Roberts

Broker

Department: Sale & Purchase

Location: London

Tel: +44 20 7667 1078

Maria Anagnostou

Broker

Department: Sale & Purchase

Location: London

Tel: +44 (0) 20 7667 1027

Nagda Dhiren

Broker Assistant

Department: Sale & Purchase

Location: Mumbai

Rupert Scott-Hughes

Sectional Director

Department: Sale & Purchase

Location: London

Tel: +44 (0) 20 7667 1241

Sriniwas Ghate

Broker

Department: Sale & Purchase

Location: Mumbai

Stuart Koenig-Roach

Broker

Department: Sale & Purchase

Location: London

Tel: +44 (0) 20 7667 1238

Torge Schepers

Broker

Department: Sale & Purchase

Location: Hamburg

Propelling maritime trade through excellence in shipping services.

With over 130 years of experience and a global network of industry connections, we are your trusted partner in shipbroking and advisory services.

From crude oil to refined products we facilitate the chartering and brokerage of tankers.

LPG, Ammonia & Petrochemical Gases

Leveraging expertise, we ensure seamless transportation of liquefied gases.

Sale & Purchase

Facilitating the acquisition, divestiture and value optimisation of shipping vessels.

Specialised & Chemical Tankers

Offering specialised solutions, we manage the chartering and brokerage of chemical tankers.

Projects & Time Charter

Catering for the specific needs of clients in project and time charter requirements.

Consultancy & Research

Providing valuable insights and strategic advice to empower our clients with market intelligence and analysis.

Facilitating chartering solutions to ensure the efficient and secure transportation of LNG.

Managing and actioning the chartering and brokerage of dry bulk commodities.

Discover more weekly reports

Tanker Market Report 15.11.24

The latest East-West divide

Lacklustre oil demand from China has been a leading story in tanker markets this year. In its annual report published in June, the IEA forecast Chinese demand growth of 480 kbd for 2024, which has been revised downwards several times this year, to now 150 kbd. The reasons cited behind the slowing demand growth are many, ranging from increased adoption of EVs and LNG trucks, to a slowdown in industrial activity and consumer spending.

Tanker Market Report 08.11.24

Too Close to Call?

With the stunning election of Donald Trump as the 47th president of the United States, energy and shipping markets are now frantically calculating the impact on their business plans. For tanker shipping, the president-elect’s support for the US oil sector suggests good times lie ahead. However, in reality the picture is far more complex, with a number of bullish and bearish outcomes depending on the policy decisions made.

Tanker Market Report 01.11.24

Long View

The IEA has just updated its long-term view of oil markets. As usual, the agency presented different scenarios and cautioned that its outlook does not provide a forecast of what will happen; instead, it offers several scenarios that explore different possible futures, depending on certain assumptions at government, industry, and consumer level.

Tanker Market Report 25.10.24

Made in America

American crude production has gone from strength to strength in recent years, despite a recent slowdown. After a low of 5 mbd in 2008 and worries about the dependency of the US on imports, the shale revolution massively increased production capabilities over the last decade. The EIA saw crude production at 13.5 mbd last week, a new record.

Tanker Market Report 18.10.24

Orderbook vs Aging Fleet

Investment in new tankers today is not a simple decision, considering mounting environmental pressure, uncertainty about future vessel designs and concerns about the viability of global oil demand in the long term. Despite this, ordering activity surged last year to its highest level since 2015 and has continued at a robust pace this year.

Tanker Market Report 11.10.24

eMissions Control

The shipping markets are no stranger to emissions control areas (ECAs), following the establishment of ECAs in the United States, Baltic and Northern Europe. From the 1st of May 2025, the entire Mediterranean Sea will become an ECA, with the maximum sulphur content of fuel burned on board falling from 0.5% to 0.1%, unless fitted with an exhaust gas cleaning system (scrubber) capable of reducing stack emissions to this level.

Tanker Market Report 04.10.24

Chinese Stimulus

Chinese oil demand has been underwhelming this year. The IEA had to revise their full year forecast downwards, largely based on lacklustre figures coming out of China. It now sees Chinese oil demand growth at 180 kbd this year, and an additional 260 kbd in 2025 will bring the total to 17 mbd. The reasons cited were primarily the weak consumer spending on the back of ongoing housing crisis and low industrial activity, whilst the growing share of EVs in the Chinese car fleet and higher uptake of LNG trucks also played an important role. Recently crude imports into China rebounded, though according to Reuters 1.85 mbd went into stockpiles in August, indicating domestic demand and refinery throughput remained low.

Tanker Market Report 27.09.24

Russian Effect

Monumental shifts in global tanker flows that followed the Russian invasion of Ukraine led to structural increases in crude and product tanker tonne miles back in 2022 and 2023, significantly impacting tanker rates and earnings. Whilst these changes in flows were essentially a one-off event, it appears that Russian trade can still impact the mainstream tanker market now, even if the vast majority of its flows have shifted into a grey fleet.

Tanker Market Report 20.09.24

Losing Relevance?

The LR1/Panamax market has often been referred to as a dying sector, with investment in new tonnage close to zero for many years. Overall, just 9 vessels in the class were ordered from 2016 to 2022. Demand has also faced headwinds, with clean LR1 tonne miles down marginally and dirty Panamax trade seeing significant declines. Despite the challenging demand fundamentals, an ageing fleet has encouraged investment in the sector, with further newbuilding contracts likely. However, with threats from the Aframax, LR2 and MR sector, it is uncertain what level of investment is required to meet future demand.

Tanker Market Report 13.09.24

Mexico’s Malaise

The Olmeca refinery in Dos Bocas, Mexico, was inaugurated in July 2022 by Mexico’s president Andres Obrador and his successor, president-elect Claudia Sheinbaum. Two years later, it still produces only a fraction of its nameplate capacity of 340 kbd, despite numerous promises of it having reached full capacity over the years.

Tanker Market Report 06.09.24

South American Supply

South America has been a major source of oil supply for decades. Traditional producers Colombia, Venezuela and Ecuador have all faced challenges in recent years, with Brazil and now Guyana being the leading sources of growth over the past decade. Argentina is set to join the VLCC exporters club, whilst Suriname aspires to replicate Guyana’s success story.

Tanker Market Report 30.08.24

What’s Next for Clean?

August has seen the weakest clean tanker earnings for the year to date globally across all categories but as we noted in our recent report, the current weakness in the market is in many ways driven by seasonality. The LRs have been negatively impacted by Suezmax/VLCC clean-ups this summer, with Q3 traditionally being the slowest period for crude tankers. In Europe, Handy and MR tonne miles have been pressured by a seasonal decline in regional exports. Similarly, there has been a strong seasonal drop in Russian CPP exports amid peak summer demand, magnified by continued drone attacks on Russian refineries.

Tanker Market Report 23.08.24

Supply Swell

News around the crude market has recently been dominated by headlines about weak Chinese oil demand on one side and conflict in the Middle East threatening supply on the other. For now, the influence of slower demand appears to outweigh geopolitical tensions; however, oil markets could face further pressure into 2025 as a wave of new oil supply hits the market.

Find a Broker

Whether it’s tankers, clean products or specialised cargo, find a trusted broker in navigating the seas of global trade, and get access to a connected team of seasoned shipping professionals, operational excellence and unmatched strategic guidance.

Discover relevant industry news, insights & events

Ed Romer-Lee Appointed as Head of Crude / DPP, West

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Gibson appoints Thomas Woidemann as Head of Gas, Asia

Gibson appoints Gerrit Stricker as Head of LNG, hires Romain Grandbesancon

Team Gibson comes 3rd in the Baltic Exchange Sailing Event

A Successful Opening

Nigel Richardson retires as Managing Director

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Gibson opens India office

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