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Plans to expand into the aviation business follow a takeover offer for a large logistics company and a huge newbuilding programme as MSC takes advantage of the record profits that the container shipping industry has earned over the past year
Liner lobby opposes EU bid to make charterers pay for carbon | Shipping emissions rise 4.9% in 2021 | Logistics and freight providers charter own ships to guarantee slots | MSC linked to $1bn LNG-fuelled boxship orders at DSIC
Digital technologies will be part of the solution, but many businesses will find adopting digital technologies is easier said than done
'We need anywhere from $1 trillion to $1.4 trillion of investment to decarbonise the shipping industry and 80%-90% of that is imports. So, while we can talk about ships and the choices that shipowners and fuel providers like Shell will need to make, it’s the infrastructure that’s going to make the difference and I think that’s the biggest blocker we’ve yet to overcome.'
'There are some tough decisions to be made, but I think the reality is the old business models that we had are not going to survive this and I think that a lot of companies will have to figure out how they actually deal with this.'
'I don’t think anybody today anyone can afford not to invest in some kind of future-proofed ship. Either you wait, and you don’t order any newbuildings, or if you do order you make sure that you have something that will still be around in 15 to 20 years from now.'
‘Having a fully decarbonised fleet by 2050 is possible, but the blockers, which I think we all recognise, are that you need infrastructure and you need proper pricing to be able to get these new fuels. So it’s not really about building the ships, it’s about being able to get the right fuels at the right price.’
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Rise to 833m tonnes in CO2 emissions seen despite intensifying regulatory landscape and reduction targets
Capesize spot market rates continue to drop, while bulk carrier congestion in China has stabilised
Chinese New Year usually marks an increase in blankings. This year, carriers are deploying nearly all their available capacity
Supply chain resilience is now a mainstream topic with headlines regularly featuring queues of ships backed up outside the ports of Los Angeles and Long Beach and the car industry running short of semiconductors. But is this really a rupture in our global trading system or something altogether more temporary? This week we ask whether shipping will see a return to ‘normal’ after the current crunch unwinds
Tanker now at Melbourne, Australia, to load hydrogen produced from brown coal
The benefits of regulatory even-handedness should be apparent to all. But keeping things that way entails good behaviour — or at least not egregiously bad behaviour — on the part of the regulated
The twin tectonic shifts of digitalisation and decarbonisation will require the next generation of shipping leaders to rewrite the rulebook and redesign many aspects of global maritime supply chain. According to several of today’s leading industry executives, the gravitational pull towards scale and transparency is now an inevitable shift that will define the future of the industry
As the world comes to terms with living with coronavirus, it is the uncertainties presented by regulation, inflation, a flagging Chinese economy and existential threats to established business models that should be keeping shipping executives awake at night
Freight rates may have peaked for now, and there are some signs of supply chains easing, though the disruption is not over yet. Shippers should see some easier conditions next year, but there are still potential threats on the horizon
Continued demand growth — albeit at lower levels to 2021 — combined with low fleet growth could keep rates buoyant, though volatility will likely persist
Third-quarter earnings for the fleet of some 15,000 tankers over 10,000 dwt averaged the lowest in three decades for many sizes and routes
‘All indications point towards an ever-firming market with demand outstripping supply in every sector,’ says shipbroker Clarkson Platou
MSC has an orderbook of 68 ships, or nearly 1.1m teu of capacity, accounting for 25.5% of its existing fleet, according to latest data
Supply chain resilience is now a mainstream topic with headlines regularly featuring queues of ships backed up outside the ports of Los Angeles and Long Beach and the car industry running short of semiconductors. But is this really a rupture in our global trading system or something altogether more temporary? This week we ask whether shipping will see a return to ‘normal’ after the current crunch unwinds
In the final edition of the podcast for 2021, the Lloyd’s List editorial team take a look forward to 2022 and offer up their predictions for the stories that will be shaping the shipping markets next year covering everything from the core box, bulk and tanker markets to our view of regulatory inertia and marine insurance.
Pandemics don’t die, they fade away. At least that’s what governments are currently hoping will happen in 2022, but in the meantime, there is an immediate threat to deal with in shipping and the emergence of Omicron has been accompanied by a familiar set of knee-jerk responses from governments and a marked deterioration in business sentiment. This week’s edition of the podcast analyses the impact of the latest coronavirus variant and asks whether any lessons have been learned to deal with this latest wave.
The annual Lloyd’s List Outlook Forum and industry poll is a reliably insightful gauge of issues keeping business chiefs awake at night and this year regulatory uncertainty, looming overcapacity, a workforces skills crisis and supply chain disruption emerged as the hot topics causing sleepless nights. The podcast this week offers a view from the Outlook Forum panellists, explaining why business leaders need to juggle short- and long-term risk management
A Lloyd’s List webinar hears how digital technology has shone a bright light on traditional ways of working. Silo mentality and an obsession with cost rather than value must be countered quickly
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