Ship finance: Falling cost scorches ‘alternative’ lenders
With many shipowners making more money than they can remember, and banks willing to cut margins to keep the business, it’s a buyer’s market and likely to remain so while good markets last
Top Stories
Ship finance: Falling cost scorches ‘alternative’ lenders
With many shipowners making more money than they can remember, and banks willing to cut margins to keep the business, it’s a buyer’s market and likely to remain so while good markets last
Daily Briefing July 1 2022
Ship finance: Falling cost scorches alternative lenders | Regulation: Countdown to the CII | LNG: Winter of content ahead for traders as global energy crunch drives profits
Human factor in shipping, a prerequisite for success
Shipping businesses that find the right balance of advanced technology and progressive staff recruitment, training and retention will be rewarded with success
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Expert Focus: Who will thrive or merely survive in the digital future?
In this Expert Focus video, produced as part of Lloyd’s List’s Future of Shipping programme, OrbitMI chief executive officer Ali Riaz explains how the future of shipping is digital and why leadership is critical to building a digital future
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Spotlight
Most maritime companies lack decarbonisation goals
Just 35% of major shipping companies have made an IMO or net zero 2050 decarbonisation pledge, says the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping
Box shipping reliability at 36% in May
Overall liner shipping reliability remains at low levels, albeit with slight improvement from April, when compared with the past years amid continued bottleneck issues
The Lloyd’s List Podcast: Why does Biden want to punch shipping CEOs?
US president claims to be ‘viscerally angry’ about the container linesthat he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei and World Shipping Council chief executive John Butler
Half-Year Outlook 2022
The war in Ukraine, China lockdowns, supply-chain disruptions, and the risk of so-called ‘stagflation’ mean recession for many countries will be hard to avoid. The consequences are not yet playing out in the shipping sectors reviewed in this outlook report, but even in containers where rates remain high and cash is still flowing, executives are already planning for the post-pandemic party hangover.
Click here to view the full report
Regulation: Countdown to the CII
Regulation watchers are eyeing the January 1, 2023 deadline when the IMO’s Carbon Intensity Indicator rule kicks in; the regulation could end up rewarding dirtier ships, and the market impact is hard to predict
LNG: Winter of content ahead for traders as global energy crunch drives profits
Russia’s war on Ukraine has upended oil, gas and agricultural markets, triggered record prices and placed energy security at the top of political agendas as inflationary pressures and an economic downturn signal a global recession
Shipbuilding: Latest super-cycle gives shipyards the upper hand
While ordering activity for containerships may have reached its peak, the appetite for new liquefied natural gas carriers shows no sign of slowing down. Furthermore, orders for bulk carriers have started to pick up, which could be followed by an upturn in new tanker contracting
Special Reports
As part of our Future of Shipping programme industry leaders and sector experts map the path to a sustainable and profitable future.
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The future of shipping: Andrew Forrest
‘The shipping industry itself has set itself a pretty mealy-mouthed target of 5% by 2030. I think that 15% is a respectable target. By 2030 we shouldn’t have any engines which are not dual-fuel capable so that by 2040, we’ve got a shipping industry which can go carbon neutral.’
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The future of shipping: Bo Cerup-Simonsen
‘We are at an inflection point. First mover activities are going to inform and inspire the rest of the industry. They need to be enabled and supported, meaning that individual governments need to engage in this process and make sure that we have regulation in place that supports it in the interim until we get global regulation in place.’
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The future of shipping: Hugo De Stoop
‘We need to get closer to our customers and co-operate on making this industry more efficient. Because there’s so much waste. The moment you put a value on carbon and decreasing the carbon footprint, I think that people have a tendency to be more friendly, open to discuss and see how they can co-operate together.’
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The future of shipping: Jan Dieleman
‘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. So, I really want to see that happening between us and our clients and I believe that that will mean a dramatic change of the contractual relationship that exists between the two of us.’
The Shipping Podcast
INTERVIEW
The Lloyd’s List Podcast: Emanuele Grimaldi sets out his stall
‘The world is changing, and shipping must change with it,’ says Emanuele Grimaldi, managing director of the Grimaldi Group, who took over as chair of the International Chamber of Shipping this week. He joins the podcast to discuss his agenda, seafarers, decarbonisation and why he is confident that shipping will remain a force for good on the international stage
FREE TO READ
The Lloyd’s List Podcast: Why does Biden want to punch shipping CEOs?
US president claims to be ‘viscerally angry’ about the container linesthat he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei and World Shipping Council chief executive John Butler
The Lloyd’s List Podcast: The key takeaways from Posidonia 2022
The Lloyd’s List team have been out and about in Athens this week selflessly digesting canapés, gossip and debate to bring you the comprehensive view of a week at Posidonia in under 23 minutes
The Lloyd’s List Podcast: Why shipping’s green agenda is looking up
Carbon pricing is back on the agenda at the International Maritime Organization next week, and countries are set to tackle fundamental questions that will shape the industry's decarbonisation path. We ask the IMO watchers what will happen, why it matters, and what steps shipping companies can take now to prepare
Webinars
Shipping skills will sort the winners from the rest, webinar hears
The skills landscape is changing. Traditional ways of bringing seafarers into the office, while good in keeping in touch with the sea, will not meet the needs of a digitally-enabled, purpose-driven business
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