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Daily Briefing July 30 2021

Flag state willing to share data of accused oil-spill tanker | P&I pricing could rise 50% by 2024, says broker | Wellbeing study finds ‘despair and anger’ among seafarers

Daily Briefing

Five factors shaping the future of shipping innovation

The Lloyd’s List ‘How to Innovate in Shipping’ webinar looked at how smart ideas and smart money can help shipping escape its siloed thinking and kick-start a more collaborative, connected approach to integrating seaborne trade in the global supply chain

Technology and Innovation Future of Shipping

Latest Articles

Future of Shipping: Expert Focus Videos

As part of our Future of Shipping programme industry leaders and sector experts map the path to a sustainable and profitable future.

 

Analysis and Comment

Record volumes pose operational challenges for US ports

Maintaining operational efficiency is more challenging' as bottlenecks increase due to pressured supply chains, mismatched rolling stock, capacity-strained logistics networks and coronavirus shutdowns at Chinese ports, says Fitch

United States US States

P&I pricing could rise 50% by 2024, says broker

‘Everyone is aware that the next three to four years will be a challenging P&I market in terms of rating. It’s just down to negotiating as hard as possible,’ says divisional director Alex Vullo

International Insurance

IUMI 2021: marine insurance sector set for Seoul-less conference

Theme of ‘pathways to a sustainable, resilient and innovative future’ will allow for wide-ranging discussions, not least on ESG, says Lars Lange

Insurance International

Insurance finds grey area for tankers in US-sanctioned oil trades

P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world’s busiest waterways ranges from a company with a GoDaddy website in Bulgaria to a Dubai-based club that retrospectively cancelled cover for one of its entered tankers involved in a serious oil spill

Insurance Tankers and Gas

Weekly Briefing: Box supply chains face more disruption | Optimism for bulker sector | Ardmore shines light on tanker gloom

Container supply chains were hit by further disruption this week following a cyber attack on the chief terminal operator in South Africa, and terminal closures in China as typhoon In-fa made landfall. But there is renewed optimism for the dry bulk sector, in what could prove to be its best cyclical expansionary phase for more than two centuries

International Containers

Shoddy casualty investigations putting lives at risk

IMO knocks back proposal to speed up casualty investigations, behind the scenes of the Lloyd’s Open Forum dispute, and how to train seafarers for a changing future

International Casualty

The Lloyd’s List Podcast: Shipping’s coalition of the willing

Our sustainability editor Anastassios Adamopoulos caught up with Johannah Christensen, the new chief executive of the Global Maritime Forum this week. They discuss where she sees the international NGO heading, why the global crewing crisis is likely to worsen and how this sector is still doing so little to decarbonise

Lloyd's List The Shipping Podcast Sustainability Audio/Reports

 

Special Report: Marine Insurance

Lloyd’s List special reports take a deep dive into the issues that matter. With in-depth reporting from our team of experts from across the globe offering an insight into the opportunities and threats driving the industry agenda. Subscribers can access and download the latest report by clicking here.

Insurance finds grey area for tankers in US-sanctioned oil trades

P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world’s busiest waterways ranges from a company with a GoDaddy website in Bulgaria to a Dubai-based club that retrospectively cancelled cover for one of its entered tankers involved in a serious oil spill

Cyber insurance struggles to find purchase

Uptake of marine cyber insurance is at an impasse, with specialist cover available but too few shipowners willing to buy it. Parallels with piracy insurance offer hints as to how the deadlock may be broken

Ever Given: And now for the aftermath

The Ever Given casualty will leave its mark on marine insurance and attitudes towards risk, as well as on the Suez Canal, say leading figures in the sector

Marine insurance is leaving cheap-as-chips era behind

Even though insurance is a substantial chunk of opcost for most owners, underwriters have successfully made the case for higher rates in the past two years, and will likely do so again in the year ahead

 

The Lloyd's List Podcast

  

 

Special Reports


Audio

The Shipping Podcast

Guy Platten
The Lloyd’s List Podcast: Why the world is about to run out of seafarers

International Chamber of Shipping secretary-general Guy Platten joins Lloyd’s List editor Richard Meade to discuss the release of the new BIMCO/ICS Seafarer Workforce Report and what is says about the current situation for those working at sea

From left: Sotiris Raptis, Ecsa and Faig Abbasov of Transport & Environment
The Lloyd’s List Podcast: Dissecting the EU's climate offensive on shipping

In the first of this two-part special edition of the Lloyd's List Podcast, our sustainability editor Anastassios Adamopoulos spoke at length with Faig Abbasov of the Brussels-based NGO Transport and Environment and Sotiris Raptis, of the European Community Shipowners’ Association, on the European Commission’s new environmental proposals for shipping

Johannah Christensen
The Lloyd’s List Podcast: Shipping’s coalition of the willing

Our sustainability editor Anastassios Adamopoulos caught up with Johannah Christensen, the new chief executive of the Global Maritime Forum this week. They discuss where she sees the international NGO heading, why the global crewing crisis is likely to worsen and how this sector is still doing so little to decarbonise

The Lloyd’s List Podcast: Why shipping is not going to get any sanctions risk relief

Don’t mistake the anticipated lifting of Iranian sanctions for an easing of compliance risk. For those banks and insurers seeking to apply transparency to the opaquest end of seaborne trade, many are only just realising how far they still need to go in order to mitigate the risk that the Trump era in some way helped expose. For shipping, this means more investment in due diligence and surveillance. Amalie Korning Wedege, head of sanctions compliance at Danske Bank, and Leigh Hansson, a partner at the law firm Reed Smith specialising in sanctions compliance for shipping, tell Lloyd’s List editor Richard Meade how shipping can navigate the murky waters of sanctions risk and compliance

Webinars

Webinar: How to decarbonise shipping

Shipping heavyweights DNV, Wärtsilä and Maersk joined Lloyd’s List to discuss the industry’s decarbonisation trajectory, the role of regulation and the contentious issue of whether LNG is a viable option for the sector. Registration to sign up for our next webinar ‘How to innovate in shipping’ is now open

International Future of Shipping Fuels
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