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Daily Briefing April 24 2019

US oil waivers end as Iranian crude exports slump in April | Mandatory e-charts cut risk of CMA CGM Libra re-run | Wallenius and SOL form shipping company | High US retail inventories threaten to dampen transpacific growth

Daily Briefing

Latest Articles

Chartworld charged by US in Marpol-related case
Intercargo says most loss of life due to liquefaction
Who are the winners from the IMO global sulphur cap?
Speed reduction regulation will slow low-carbon transition
Anek posts after-tax loss for 2018
Bumi Armada refinances loans and plans asset disposals
Shipowners’ Club sees $38m deficit as combined ratio tops 104%
Idle boxship fleet falls as scrubber installations increase
HMM and RCL tweak their intra-Asia services to provide more direct calls
Vancouver coal terminal dredging could be positive for capesizes
Container freight rates tracking 10% ahead of last year
China Harbour Engineering may land first port project in Southeast Asia
Reliance Industries behind first FPSO newbuilding order this year
US joins the Arctic scramble with order for new ice-breakers
Barakah Offshore links up with Vallianz as funding issues appear to recede
Venture Global plans a third LNG export terminal on the US Gulf
Bolivia to invest in Argentina LNG terminals
Mandatory e-charts cut risk of CMA CGM Libra re-run, UK Club argues
Wallenius and SOL form shipping company
US oil waivers end as Iranian crude exports slump in April
GasLog appoints Enoizi to fill Sadler gap
Cosco Shipping Energy Transportation names Liu as chairman
HMM chief in Europe to enhance partnership with 2M
High US retail inventories threaten to dampen transpacific growth
Thailand set to sign LNG supply deal for up to 1.5m tonnes per annum

The Lloyd's List Podcast: Sanctions, safety reports and talent

Lloyd's List discusses some of the more long-term trends and uncertainties facing the industry. The US is standing firm on its sanctions against Venezuela, but is there a clear process for penalising businesses? Governments are under the microscope again for their casualty investigation reports, or lack thereof, just as companies may be finding it harder to retain younger talent with potential. 

Opinion

 

 

 

 

 

 

 

 

A Norway-style deal for UK shipping

The Norwegian NOx Fund offers the UK and the International Maritime Organization a successful model that could be adapted to deliver greenhouse gas emission reductions in shipping

 

 

 

 

 

 

 

 

Cyber-security is one of several threats facing shipping

Shipowners are being blinded by a series of red flags, with cyber-crime not the largest of them. Tackling them all simultaneously is financially tough, so where to begin? 

 

 

 

 

 

 

 

 

Recycling realities

The secretary-general of BIMCO is right to suggest that the European Union’s policies on recycling are akin to protectionism



 

 

Hot Topics

Making complex issues simple

Focusing on what matters to the market, understanding the forces that are shaping the industry

 

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Fuels

Hot topic Fuels Company News

Seafarer statue at the IMO HQ
Speed reduction regulation will slow low-carbon transition

Proposals being put to the IMO to reduce ship speeds in order to cut carbon emissions are misguided and will do nothing to reduce emissions

Idle boxship fleet falls as scrubber installations increase

Rising demand for charter tonnage is raising rates and lowering the unemployed ship pool

Wallenius and SOL form shipping company

Swedish companies combine to service northern Europe with LNG-powered ice classed ro-ro ships up to 30,000 dwt

Traders seen building VLSFO stocks ahead of bunker fuel switch

The VLCC Jubilee Star, floating off Tanjung Pelapas, Malaysia, has been used for this purpose since April

 

Sanctions

Hot Topic one stream Company News

Iran flag and oil production
US oil waivers end as Iranian crude exports slump in April

UPDATED: Brent crude traded as high as $74.67 per barrel on Tuesday morning, although it later steadied to $74.12 on London’s ICE Futures Europe exchange

Widening sanctions leaves Ofac open to ridicule

The US administration has sent a message to tanker owners and operators now legally shipping Venezuelan crude beyond the reach of US sanctions that they could yet be drawn into the Ofac net

PB Tankers funnel logo
Shipowner 'shocked' by US sanctions listing

The inclusion of PB Tankers in the Ofac listing will be of great concern to other European shipowners who remain involved in the shipment of crude and other petroleum products to and from Venezuela

US ramps up sanctions on vessels trading Venezuela oil to Cuba

The Ofac announcements target the companies and ships as providing what it describes as a ‘lifeline to the illegitimate regime of former President Maduro’

 

Cyber

Market Commentary

Maritime cyber-crime under the spotlight
Cyber-security is only one of several threats facing shipping
Strong leadership is a company’s best cyber protection

 

Audio

The Shipping Podcast

Podcast Company News

The Lloyd's List Podcast: Sanctions, safety reports and talent

Listen to the latest edition of Lloyd’s List’s weekly podcast — your weekly briefing on the stories shaping shipping in the week ahead

The Lloyd’s List Podcast: Day 3 – Live from Singapore Maritime Week
Singapore may have put on s stellar showcase of future facing ambition, but the reality of maritime operations is that not all players are equal when it comes to the digitalisation project
The Lloyd’s List Podcast: Day 2 - Live from Singapore Maritime Week

The technology discussion may finally be morphing into a pragmatic conversation about the realities of the industry as it is, rather than what the tech providers would like it to be

The Lloyd’s List Podcast: Live from Singapore Maritime Week

If you’re not already signed up to attend our Smart Ports Forum, you might just about be able to secure a place by registering here. We kick off at 2:30 pm in the Marina Bay Sands, Orchard Junior Ballroom on Wednesday 10 and it would be lovely to meet a few podcast listeners while we are there, so do come along.

Webinars

Lloyd's List Container Sector Outlook 2019 webinar

Webinars Containers BIMCO

Webinar: Future fuels

The Future fuels webinar, discover the 'big unknows' around the sulphur cap and how to avoid future fuel risk.

Listen on demand.

Fuels Webinars

The Intelligence

DOWN BUT NOT OUT:

Why New York is still the key to shipping's capital conundrum

The Intelligence HP Stream Company News

Shipowners weigh options over new EU ship recycling rules

Some 80% of the world’s recycling yards are based in Pakistan, India and Bangladesh but all are excluded from the EU’s approved list

The Interview: John C Hadjipateras
John Hadjipateras, the chief executive of New York-listed Dorian LPG and the Connecticut Maritime Association’s 2019 Commodore, talks about Scorpio’s orders, BW’s bid, LPG’s potential, and the power of the positive surprise
VLCC deck view
US Gulf-Asia VLCCs drive global tanker patterns
Some 89 tankers called in January 2019, more than double the 40 tankers that called back in the corresponding month three years ago, according to Lloyd’s List Intelligence data
Xi Jinping and Donald Trump
Trump’s tariffs create uncertainty in US west coast ports

The latest throughput figures on the US west coast show that the surge to beat tariffs may have peaked and will soon turn into a decline, especially if the current 10% tariffs are increased to 25%

 

 

Lloyd's List Containers

Smart Ports

Taking technology beyond the terminal 

 

Containers magazine HP stream Company News

Idle boxship fleet falls as scrubber installations increase

Rising demand for charter tonnage is raising rates and lowering the unemployed ship pool

HMM and RCL tweak their intra-Asia services to provide more direct calls

Both lines say the service changes are to better cater to customer demands and provide better speed and reliability

Mega ship in mist, Rotterdam at Hannover
Container freight rates tracking 10% ahead of last year

Rising demand for container slots out of China could see ocean freight rates continuing to make gains on the Asia-Europe trade throughout May if carriers ration capacity

Mandatory e-charts cut risk of CMA CGM Libra re-run, UK Club argues

‘Whether ultimately the use of an electronic chart would have prevented the grounding is a moot point, but it is notable that the master did state in evidence that he would not have made alteration if he had known of warnings,’ says claims executive Ben Johnson

Back on track

Linton Nightingale

 

Strong growth returns to the upper echelons of the container port premier league, with China leading the way

Port data

Interactive

 

The figures behind the rankings. Compare and contrast different ports across multiple years

Interactive rankings

 

View the interactive grid setting out the risers and fallers across the one hundred ports

 

 



 

 

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