The Lloyd’s List Podcast: All eyes on Doha
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Top Stories
Dry bulk market faces uncertainty
The average weighted capesize time charter on the Baltic Exchange is being assessed at $4,631 per day, well below operating costs. Of all the dry bulk segments, handysizes are faring the best
Daily Briefing January 29 2020
Free to read: Bulkers snub refuelling delays at Singapore as new fuel rules take effect | Heidmar and Signal claim successful start for new tanker pool deal | Coronavirus: Guidelines issued to shipping
Training for ballast is still key issue
There are dozens of ballast water management system providers. That can cause difficulties for crew members, who have to get accustomed to a new BWMS that they may end up using for just six months before heading to a new ship with a different system
Search for greener solutions will stimulate wider maritime collaboration in 2020
As the non-maritime world grows ever more litigious, the need for shipowners to work more closely with law firms, insurance companies, shipmanagers and specialist agencies becomes clear
The transition to autonomy must be handled sensitively
A conference on AI in the maritime environment has heard that the path to autonomy is paved with good intentions. While no challenge is a deal-breaker, any of them might be painful
Converted VLOCs exit fleet amid increased scrutiny
Brazil Port State Control is said to be carrying out extra checks as a safety measure as the country continues to heal from the fatal tailings dam disaster in January last year
Shipping overcoming obstacles to digitalisation
The technology behind digital shipping is achievable in the short term but human interaction must not be overlooked, conference speakers counselled yesterday
Green groups push for emissions targets on LNG-fuelled ships
Lobby groups have called for methane emission targets for ships fuelled by liquefied natural gas
Chinese New Year demand surge disappoints
Rush to ship goods ahead of factory closures was not comparable to the years before the China-US trade war started in 2018
Incoherent bafs baffle shippers
Rates show that carriers may have difficulty maintaining surcharges when seasonal demand returns to normal
The Interview: Tan Soo Koong
Having built an illustrious career in the oil and petrochemical trade, SLNG chief executive Tan Soo Koong has moved on to invest time in boosting LNG adoption in maritime and other sectors aside from power generation. He is confident the lack of gas resources would not hold back Singapore from asserting its claim as Asia’s LNG trading hub
The Lloyd’s List Podcast: The view from Gothenburg
The Lloyd’s List Intelligence Executive Meeting is an annual Gothenburg gathering of shipping leaders and analysts who share views on how best to navigate the turbulent waters that lie ahead. While this is generally a pretty exclusive affair the podcast team were granted an access all areas pass and headed off to Gothenburg in search of insight. Featuring on this week’s edition with our Markets Editor Michelle Wiese Bockmann we have LLI’s lead analyst Christopher Palsson talking tanker numbers, ABB’s marine and ports head Jorgen Karlsoon talking tech and Stena Bulk chief Erik Hanell talking security and Stena Impero.
Tankers
US-China ‘managed trade deal’ is net positive for shipping
Analysts see boost for dry bulks including soyabeans and metallurgical coal, as well as crude shipments, but the jury is still out on LNG
Teekay Tankers sells suezmaxes and refinances debts
Vancouver-based Teekay Tankers said the asset sales would raise about $83m, while the refinancing would be used to pay down about $455m of debt
Tankers lead Performance Shipping back towards profit
Aframax acquisitions have already boosted results for the Greece-based owner, but write-downs on boxship sales burden bottom line
Heidmar and Signal claim successful start for new tanker pool deal
Sources say virtually the entire aframax fleet from Heidmar’s Sigma Pool is joining the much-vaunted Signal pool, brainchild of Ioannis Martinos
Spotlight
Chinese New Year demand surge disappoints
Rush to ship goods ahead of factory closures was not comparable to the years before the China-US trade war started in 2018
Coronavirus could raise charterparty issues
Clause 15 of NYPE 46 contract provides that vessel can be deemed off-hire thanks to ‘deficiency of men’ or ‘any other cause preventing the full working of the vessel’
Sanctions
Cosco tankers resume Atlantic Basin trading
The Chinese company has picked up its first cargoes off the off the west coast of Africa since September of last year when US sanctions derailed its regular trading patterns
US tightens sanctions net on Iran's petrochemical sector
The US has been tightening the sanctions net on the Islamic Republic since April 2019 when President Donald Trump announced the designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organisation
Flag registries drop Iran-linked ships amid sanctions scrutiny
Flag-shopping is one strategy to evade scrutiny used by about 40 tankers and gas carriers shuttling crude, fuel oil and LPG to China and Syria via ship-to-ship transfers and off-the-radar shipments
Iran’s flag-shopping fleet drags registries into sanctions net
Registries and flag administrations can expect the US authorities to pay close attention to anything that gives off the impression of circumventing the Trump administration’s attempt to strangle Iran’s trading power
Special Reports
In focus: Greece & Cyprus
This special report combines reports on Greece and Cyprus at landmark moments for both shipping communities
Maritime Cities: Building the connected cluster
Maritime cities must adapt to a changing landscape to maintain their hub status
Lloyd’s List Containers: Big interviews & big data
The latest magazine contains a trio of big-name interviews, including Maersk CEO Søren Skou, plus more on box shipping’s digitalisation journey
Future Fuels
PetroChina leads Singapore bunker suppliers
The Chinese oil and gas provider becomes the largest bunkering port’s biggest ship fuel supplier
International Seaways agrees refinancing deal
The tanker owner revealed a pricing mechanism in new loans that will be related to the carbon efficiency of its fleet and global decarbonisation targets
Green groups push for emissions targets on LNG-fuelled ships
Lobby groups have called for methane emission targets for ships fuelled by liquefied natural gas
Owners may have recourse against timecharterers for off-spec bunkers
Alerts issued in Singapore, Piraeus, Amsterdam, Rotterdam, Miami and San Vincente in the four weeks since the introduction of the IMO sulphur cap
The Shipping Podcast
Podcast Company News
The Lloyd’s List Podcast: The view from Gothenburg
Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping
The Lloyd’s List Podcast: Is shipping at risk from Iran?
Shipping has once again been left with the threat of getting caught in the crossfire of escalating tensions in the wake of the US killing of Iranian general Qasem Soleimani. Joining the Podcast this week to discuss the risk assessment for shipping in the Strait of Hormuz are Bimco’s head of safety and security Jakob Larsen and Senior Maritime Analyst at Control Risks, Cormac Mc Garry
The Lloyd's List Podcast: That was the year that was
The London editorial team review the top stories of 2019 and make a few forecasts for 2020
Webinars
Search for greener solutions will stimulate wider maritime collaboration in 2020
As the non-maritime world grows ever more litigious, the need for shipowners to work more closely with law firms, insurance companies, shipmanagers and specialist agencies becomes clear
Sustainable shipping leads the debate for the Lloyd’s List Outlook 2020 webinar
Shipping stands at the threshold of another year, but rather than trying to guess what might happen in 2020, it's important to understand the present
A tale of tension, transition and trade wars
Linton Nightingale
Geopolitical tension and trade hostility were among the overriding themes of 2019; the Lloyd's List Top 100 People seeks to add clarity to the narrative
A decade of maritime’s most influential players
Linton Nightingale
Documenting shipping’s trials and tribulations over the past decade, the rankings have also charted the rise and fall of shipping kingpins, while springing a few surprises along the way
Interactive rankings
View the interactive grid setting out the risers and fallers across the most influential people in the shipping industry
The Intelligence HP Stream Company News
Fuel change likely to generate insurance claims, say clubs
The wrong kind of bunkers can do serious damage to hull and machinery, thereby leading to insurance claims
Container shipping goes big on transition fuel
Emission control regulations have forced container lines to consider LNG as an alternative to scrubbers and low-sulphur fuel, with several carriers mulling conversions and newbuildings
The search for shipping’s green tipping point
Shipping is going to require clean, cheap energy to completely transition to zero-emission fuel options — and much depends on how quickly the cost of renewables can outpace carbon in the global economy
Newbuilding hiatus could be just the ticket
Whereas before size, durability and trade suitability would pre-empt the sign-off for newbuildings, adding fuel choice to the mix has brought a new layer of complexity for those responsible for vessel procurement
Top container lines
Box carriers move into a new decade with a fresh set of challenges
Containers magazine HP stream Company News
US-China ‘managed trade deal’ is net positive for shipping
Analysts see boost for dry bulks including soyabeans and metallurgical coal, as well as crude shipments, but the jury is still out on LNG
Box shipping feels coronavirus impact
As equipment begins to build up in Chinese ports, layup figures indicate more increased blankings following Chinese New Year closures
Costamare acquires four panamaxes as earnings soar
Greece-based owner says better market for larger ships as well as fleet expansion contributed to strong results in last quarter and full-year 2019
CMA CGM moves Sartini to head port operations
Sartini's new role comes after CMA CGM said he was stepping down as chief executive of CEVA Logistics
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