Vaccine respite for tanker markets ‘at least nine months away’
Weaker demand outlook weighs heavily on tanker markets amid mild start to winter and Opec likely to scrap plans to increase oil output from January
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Newly sold Greek tankers sail for Venezuela defying US sanctions
Until mid-2020 Greek ships transported 80% of cargoes from the South American country, but drastically reduced exposure after US sanctions briefly imposed on four ships owned by prominent Greek families
Daily Briefing November 24 2020
Free to read: Newly sold Greek tankers sail for Venezuela defying US crude export sanctions | Greek owners urge priority vaccination for ‘heroes of the sea’ | Voting open for 2021 Shipping Outlook Forum poll
Lloyd’s List launches Decarbonisation Survey in search of carbon clarity
The direction of travel for shipping’s decarbonation trajectory has been set for some time now, but the devil in the detail is yet to reveal itself. A new regular survey launch by Lloyd’s List, in association with Lloyd’s Register, aims to chart shifting industry sentiment towards alternative fuels, financing and investment
Hybrid ships’ attractions grow
Classification society DNV GL is receiving a lot of interest from customers looking to initiate battery-powered or battery hybrid vessel projects
Is video analytics the answer to safer ships and safer seas?
Video Analytics can be used to detect or even predict unsafe situations, spot unintentional operator errors, or avoid accidents by analysing historical events
Sino-Australia trade spat keeps bulk carriers stranded
Twenty-six bulk carriers laden with Australian coking coal remain at anchor off China
Newly sold Greek tankers sail for Venezuela defying US sanctions
Until mid-2020 Greek ships transported 80% of cargoes from the South American country, but drastically reduced exposure after US sanctions briefly imposed on four ships owned by prominent Greek families
Voting open for 2021 Shipping Outlook Forum poll
The Lloyd’s List 2021 Shipping Outlook Forum takes place on December 1 and we need your input to help shape the discussion. Our online poll is now live, with 10 questions on the critical issues likely to influence maritime markets next year and beyond
Container sector set for $14bn earnings after strong third quarter
Soaring demand and record-high freight rates have boosted carrier finances in the third quarter of the year. The outlook for the remainder of this year and into next year also looks positive
Cargo and marine hull face turning tide in hard market
The pandemic and subsequent economic crisis, as well as natural catastrophe losses, have added to the pressure on the market
The Lloyd’s List Podcast: Has LPG been overlooked as a transitional fuel?
BW has pioneered dual-fuelled LPG engines and recently announced a world first with a VLGC voyage on full LPG propulsion across the Pacific. It’s a voyage expected to produce 20% less greenhouse gas emissions and use 10% less fuel. Given the chorus of pro-LNG dual-fuel zealots out there right now, it’s perhaps surprising that LPG hasn’t managed work its way higher up the agenda. BW’s technology and operations chief Pontus Berg joins our reporter Inderpreet Walia this week to offer a fresh look at LPG
The Lloyd’s List Podcast: Do we need entrepreneurs to save shipping?
Entrepreneurial minds promise fresh ideas that can catalyse much-needed change and break down the traditional silos that have always dogged shipping’s fragmented sectors, so why is there is still a resistance to change and a reluctance to adopt new technological solutions in shipping? We are joined this week by the venture development firm Rainmaking to discuss innovation, entrepreneurship and how fresh ideas and start ups are needed to kick shipping into a zero-carbon future
Please note the Lloyd’s List magazine will only be published digitally until print distribution challenges associated to the coronavirus are resolved. Subscribers can access and download the latest edition by clicking here.
Biden should be a shipping-friendly president
While Donald Trump regarded trade negotiations as a zero-sum game, his successor has a better understanding of free markets and a more pragmatic approach to foreign policy, which could see him dial back heavy-handed sanctions
September surge puts box volumes in growth territory
Global containerised trade was up 2.7% in the third quarter as volumes in September came in higher than last year for the second consecutive month. The gains closed the year-to-date volume deficit to just 3% through September-end
How ship finance recovered from coronavirus
Sure, 2020 is not the greatest year on which to build a baseline investment case. But if you can show you are future proof for 2021 onwards, lenders say they have still got a deal for you
Spotlight
Swedish Club issues warning for 2021 hull and machinery pricing
‘Going forward, the club will therefore continue to focus on aligning premium levels, on a case by case basis, across all classes in order to secure a balance in the marine portfolio,’ says Scandinavian insurer
Crew taken from bunkering vessel after hijacking
Three crew were kidnapped from the bunkering tanker Stelios K about 65 nautical miles south of Lagos. The ship was hijacked south of Togo on November 16 but the pirates stayed on board the vessel for a week until next Monday morning, it what a source called a ‘seriously strange’ case
Special Reports
The Shipping Podcast
The Lloyd’s List Podcast: Has LPG been overlooked as a transitional fuel?
BW has pioneered dual-fuelled LPG engines and recently announced a world first with a VLGC voyage on full LPG propulsion across the Pacific. It’s a voyage expected to produce 20% less greenhouse gas emissions and use 10% less fuel. Given the chorus of pro-LNG dual-fuel zealots out there right now, it’s perhaps surprising that LPG hasn’t managed work its way higher up the agenda. BW’s technology and operations chief Pontus Berg joins our reporter Inderpreet Walia this week to offer a fresh look at LPG
The Lloyd’s List Podcast: Do we need entrepreneurs to save shipping?
Entrepreneurial minds promise fresh ideas that can catalyse much-needed change and break down the traditional silos that have always dogged shipping’s fragmented sectors, so why is there is still a resistance to change and a reluctance to adopt new technological solutions in shipping? We are joined this week by the venture development firm Rainmaking to discuss innovation, entrepreneurship and how fresh ideas and start ups are needed to kick shipping into a zero-carbon future
The Lloyd’s List Podcast: Why are so many boxships burning?
Containerships are averaging one fire every two weeks so far in 2020, so while we have not seen a Yantian Express, Maersk Honam or an MSC Flaminia hit the headlines, the likelihood of a large casualty is largely down to luck rather than any improvement in the risk management of this too often overlooked situation. Joining the podcast this week to discuss why the boxes are burning: Allianz head of marine risk, Rahul Khanna, Gard senior claim executive Are Solum, and TT Club risk management director Peregrine Storrs-Fox
The Lloyd’s List Podcast: The digital highway
Stener Stenersen, DNV GL’s head of technical support Norway, and Bjorn-Johan Vartdal, digital director for maritime, join Lloyd’s List chief correspondent Richard Clayton to discuss the next steps in the journey to digital solutions in this special edition of the Lloyd’s List Podcast
Webinars
Is video analytics the answer to safer ships and safer seas?
Video Analytics can be used to detect or even predict unsafe situations, spot unintentional operator errors, or avoid accidents by analysing historical events
Preparing for life after the transition period
Webinar will shine a light on best practice in preparing for European trade after 2020
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