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Daily Briefing October 17 2019

Free to read: Cosco Shipping’s tanker unit denies vessels are ‘going dark’ | A lesson for China tanker investors | Scrubber installations could reverse slow steaming 

Daily Briefing

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Lloyd's List Events

Why smart ports will be a game-changer for shipping

Join two panels of experts at the Lloyd’s List Smart Ports Forum, to be held in Dubai on November 20, to hear how ‘smart’ can be a game-changer for ports, and how smart ports will be a game-changer for trade

The Shipping Outlook: 2020 and beyond

Lloyd’s List’s annual industry outlook event will gather the sharpest minds in the business to offer the inside track on the opportunities and threats facing shipping over the coming 12 months

How to innovate in shipping

Join Lloyd’s List during Hong Kong Maritime Week on 20 November to discuss the dynamic digital trends shaping shipping from AI and autonomy to decarbonisation and how to monetise maritime’s digital exhaust. Register for free

How to plan for a future in flux

Join Lloyd’s List in Singapore on 17 October for an expert analysis of the future trade trends shaping shipping markets. Register for free

Analysis and Comment

Marine sector told to embrace insurtech or die

‘In the future there will be two types of underwriters, those that embrace digital opportunity and those that cease to exist,’ says Nick Roscoe

A lesson for China tanker investors

CSET’s share price has been surprisingly resilient after the US sanctions on one of its major subsidiaries were imposed on September 25

Load factors: Growing trade strains weigh on transatlantic trade

Load factors on the transatlantic should tighten in the fourth quarter off the back of significant cuts to supply. However, the balance of the market fundamentals could swing if trade tensions escalate

Scrubber installations could reverse slow steaming

An influx of scrubber-fitted ultra large containerships may see carriers try to use speed as a competitive advantage

Shipping is ‘human capital intensive’ industry, says ship finance veteran

‘We don’t build the business. We build people. And people build the business,’ says Katerina Stathopoulou of Investments and Finance

Changing Lanes: Japan-EU trade agreement boosts Italian exports

Trade deal demonstrates benefits of economic co-operation and free trade

See All

 

 


 

The Interview: Vincent Power

The newly elected chairman of the European Maritime Law Organisation hopes to broaden the scope of interest beyond competition law to cover all aspects of maritime regulation

Containers Regulation Europe
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The Lloyd's List Podcast: Containers, shipmanagement and the casualty code

In this week’s review of the stories shaping shipping our containers kingpins James Baker and Linton Nightingale discuss the peak season that never was and why flexibility trumps size, our chief correspondent Richard Clayton offers up the key lessons he’s learned from talking to the leading shipmanagment executives and Nidaa Bakhsh explains why governments are considering their options when it comes to casualty reporting.


Tankers

The Interview: Hing Chau

New Wah Kwong chairman Hing Chau took an interestingly inland bound path before eventually finding his way back into the family-owned traditional ship owning business. He explains how his experiences have shaped his vision for the company for the future

A lesson for China tanker investors

CSET’s share price has been surprisingly resilient after the US sanctions on one of its major subsidiaries were imposed on September 25

Cosco Shipping's tanker unit denies vessels are ‘going dark’

A Dalian Tanker official says that none of its vessels has turned off the AIS on board

Pakistan may have called off long-term LNG tender

Spot prices in Asia have failed to break the price point required to support long-term offtake arrangements this year and this has not lent support to the now-aborted Pakistan LNG tender

Read more
Sanctions

Cosco Shipping's tanker unit denies vessels are ‘going dark’

A Dalian Tanker official says that none of its vessels has turned off the AIS on board

From the News Desk: Tankers on fire and the future in flux

With the energy markets in flux and so many macro-economic unknowns colouring daily decisions there is an overwhelming need to make sense of it all. Well, don’t worry, we have you covered — take a read through our expert analysis of the current tanker spike and then book yourselves into a selection of the Lloyd’s List Outlook events coming up

Unipec joins Exxon embargo on vessels linked to Venezuela

Unipec, the world’s largest dirty tanker spot charterer, appears to have halted chartering vessels that have had any business links with Venezuela, including port calls, within a 12-month period. The move, which matches the same decision by ExxonMobil last week, comes amid already tightened tonnage and 11-year tanker rate highs

Novatek considering Arctic LNG transhipments owing to US sanctions

Novatek’s Arctic LNG export facility is currently serviced by Cosco-affiliated vessels

See All

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

France urges EU tax on ship fuel

France wants the European Union to work on creating a tax on aircraft and ship fuels as part of a push to rein in carbon emissions

Scrubber installations could reverse slow steaming

An influx of scrubber-fitted ultra large containerships may see carriers try to use speed as a competitive advantage

Gazprom Neft sets up shop in Singapore and eyes lube sales post-IMO 2020

The opening of an operations office in Singapore will allow Gazprom Neft to expand its production and logistics network more effectively, said deputy chief executive office for Logistics Anatoly Cherner

Lukoil to produce IMO 2020-compliant LSFO

As shipping companies are forced to use more environmentally friendly fuel and reduce emissions, Russian refiners that produce excess heavy fuel oil could find their margins significantly squeezed

See All

 

Audio

The Shipping Podcast

Podcast Company News

Baker, Nightingale, Clayton, Bakhsh
The Lloyd's List Podcast: Containers, shipmanagement and the casualty code

In this week’s review of the stories shaping shipping, our containers kingpins James Baker and Linton Nightingale discuss the peak season that never was and why flexibility trumps size, our chief correspondent Richard Clayton offers up the key lessons he’s learned from talking to the leading shipmanagment executives and Nidaa Bakhsh explains why governments are considering their options when it comes to casualty reporting

Charles Maltby of Epic gas
The Lloyd’s List Podcast: Everything you always wanted to know about LPG (but were afraid to ask)

This week we’re taking a deep dive into the too often overlooked LPG sector with Epic Gas chief executive Charles Maltby. While the headlines have favoured their certainly cooler, arguably sexier cousins in LNG, we think it’s time everyone started paying attention to the cheaper, more agile and profitable pressurised market

Tristan Smith and Bryony Worthington
The Lloyd’s List Podcast: Shipping's moonshot — zero-emission vessels by 2030

Shipping’s first major far-reaching moonshot initiative is here. The Getting to Zero coalition has set its eyes on delivering commercially viable zero-emission vessels by 2030. On the podcast this week to explain what the coalition is all about are the Environmental Defense Fund’s Baroness Bryony Worthington and Tristan Smith from the University College London Energy Institute and University Maritime Advisory Services

Nick Shaw, Astrid Seltmann, Lars Lange
The Lloyd’s List Podcast: IUMI 2019

The annual marine insurance bun-fight that is IUMI may not be everyone’s idea of a party, but there was a palpable undercurrent of optimism rippling through the actuaries and analysts this year. Our crack squad of risky reporters managed to grab a few words with such luminaries as Nick Shaw, chief executive of the International Group of P&I Clubs, Astrid Seltmann of Cefor, and Lars Lange, IUMI’s Hamburg-based secretary-general

Webinars

Lloyd's List Container Sector Outlook 2019 webinar

Webinars Containers BIMCO

The Intelligence

“I fear anarchy on the oceans”

Theodore Veniamis on 2020

The Intelligence HP Stream Company News

Theodore Veniamis, president, Union of Greek Shipowners
Veniamis: ‘It’s not too late to avoid anarchy on the oceans’

Others need to speak up on a ‘potentially catastrophic’ implementation of sulphur cap, says Greek shipowners’ leader

Hellenic Bank
Cypriot banks aiming to run a tight ship

Several banks in Greece and Cyprus are comfortable with the main three ‘liquid’ markets — bulk carriers, tankers and containerships —  meaning that assets can be sold without too much trouble if the loan goes wrong. Niche markets, such as car carriers, cement carriers or offshore, are avoided

Natasa Pilides, Cyprus deputy minister of shipping
‘We must continue to evolve’

The maritime administration has been restructured; an intense promotional programme is supporting an overhauled Cyprus maritime brand; and online services have been launched that include electronic verification of registry certificates, an online seafarer’s certificate, the digitalisation of records and automating ship registration

Polys Hajioannou
Safe pair of hands, safe pair of offices

Among the company’s most interesting recent moves was establishment of Safe Bulkers Management in Limassol in 2015

 

 

 

Lloyd's List Containers

Xu Lirong Steering China’s shipping giant

 

 

Containers magazine HP stream Company News

New York: containership in Manhattan Bay (Manuel Hurtado/Shutterstock.com)
Load factors: Growing trade strains weigh on transatlantic trade

Load factors on the transatlantic should tighten in the fourth quarter off the back of significant cuts to supply. However, the balance of the market fundamentals could swing if trade tensions escalate

fitting scrubbers
Scrubber installations could reverse slow steaming

An influx of scrubber-fitted ultra large containerships may see carriers try to use speed as a competitive advantage

MSC Gulsun,  the largest containership in the world, transits the Suez Canal for the first time 9 Aug 2019
MSC confirms options for five new ultra large boxships at DSME

Order at Daewoo Shipbuilding & Marine Engineering will join fleet of ultra large boxships. Brokers indicate they will be scrubber-fitted 23,000 teu units

Containers at a port
Fuel-cost indexing mechanism set up for IMO 2020

With fuel surcharges set to increase sharply, a shipper lobby group has produced a toolkit to make extra charges more transparent

 

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