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Daily Briefing October 22 2019

Free to read: Temasek’s Keppel Corp offer renews yard merger speculation | LNG carrier spot rates poised for surge as market tightens | Maersk raises earnings expectation | Brussels battles Beijing’s Belt and Road

Daily Briefing

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Lloyd's List Events

Lloyd’s List Asia Pacific Awards winners announced

Eastern Pacific Shipping won the Company of the Year award for its disciplined and bold decisions to invest in the right assets at the right time

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

Analysis and Comment

Yard Talk | Another rough year ahead?

Most shipbuilders have had a rough time in 2019, but next year is unlikely to be any better for the building fraternity as owners’ ordering appetites will continue to be curbed by uncertainties about shipping demand and the unpredictability of what the best fuel might be under the new rules on exhaust gas emissions 

US-China tariff delay does little to stabilise freight demand

The latest US-China tariff delay will do little to help stabilise a volatile freight demand environment. Scheduled tariff increases are being consistently delayed as a goodwill gesture while the two sides work toward an agreement

Brussels battles Beijing’s Belt and Road

Infrastructure deal seeks to make financing more transparent and ensure environmental standards are met

Shipbrokers of the future must be properly valued

Students achieving the highest marks in the Institute of Chartered Shipbrokers exams continue to impress and inspire. Let’s hope the profession is safe in their hands

The Lloyd’s List Podcast: Asia’s trade outlook

The Podcast comes from Singapore this week, where Lloyd’s List hosted the Asia Trade Outlook Forum, casting a critical eye over the market trends shaping shipping business decisions in the next 12 months. Joining Lloyd’s List Editor Richard Meade to discuss the key takeaways from the forum are the Asia editorial team: Cichen Shen, Vincent Wee, Hwee Hwee Tan and Inderpreet Walia.

Viewpoint: Ferries to the fore

The whole world of shipping is abuzz about how the industry is undergoing change, but the ferry sector seems to be quickest off the mark with putting new ideas into practice and can offer a test-bed that many other parts of the shipping world might one day find useful

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The Interview: Hing Chao

New Wah Kwong chairman Hing Chao 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

China Hong Kong Tankers and Gas
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The Lloyd’s List Podcast: Asia’s trade outlook

The Podcast comes from Singapore this week where Lloyd’s List hosted the Asia Trade Outlook Forum, casting a critical eye over the market trends shaping shipping business decisions in the next 12 months. Joining Lloyd’s List Editor Richard Meade to discuss the key takeaways from the forum are the Asia editorial team: Cichen Shen. Vincent Wee, Hwee Hwee Tan and Inderpreet Walia.


Tankers

Navios Acquisition completes loan repayment

Refinancing follows similar move by stable-mate Navios Partners

Activity in tanker FFA trades soars on heated spot market

Although volumes in the dirty tanker derivatives market have since fallen from the eight-year high in the week to October 14, the latest figure is more than double the five-year average

Yard Talk | Another rough year ahead?

Most shipbuilders have had a rough time in 2019, but next year is unlikely to be any better for the building fraternity as owners’ ordering appetites will continue to be curbed by uncertainties about shipping demand and the unpredictability of what the best fuel might be under the new rules on exhaust gas emissions 

Top-ranked bunker suppliers boost storage off Singapore

Equatorial Marine Fuel has joined at least two other major marine fuel suppliers licensed to trade out of Singapore, in ramping up floating storage of IMO 2020-compliant marine fuels before the new regulations kick in

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Sanctions

The Lloyd’s List Podcast: Asia’s trade outlook

The Podcast comes from Singapore this week, where Lloyd’s List hosted the Asia Trade Outlook Forum, casting a critical eye over the market trends shaping shipping business decisions in the next 12 months. Joining Lloyd’s List Editor Richard Meade to discuss the key takeaways from the forum are the Asia editorial team: Cichen Shen, Vincent Wee, Hwee Hwee Tan and Inderpreet Walia.

Cosco VLCCs wait for US waivers to discharge cargoes

Lloyd’s List Intelligence data shows that seven of the VLCCs are still loaded with cargoes. This information is based on the latest AIS-signalled draught levels

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

As of end-June, Dalian Tanker and its subsidiaries owned 43 tankers, including 26 very large crude carriers, according company documents.

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

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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

Yard Talk | Another rough year ahead?

Most shipbuilders have had a rough time in 2019, but next year is unlikely to be any better for the building fraternity as owners’ ordering appetites will continue to be curbed by uncertainties about shipping demand and the unpredictability of what the best fuel might be under the new rules on exhaust gas emissions 

Total enters marine fuels venture with Zhejiang Energy

The new Sino-French operation will supply 2020 sulphur cap compliant fuels to Zhoushan region

Chimbusco secures 4m tonnes of LSFO

Chimbusco is a joint venture of Petro China and Cosco Shipping, the latter of which has already stored away 80% of the LSFO expected to be consumed by its containership fleet

LNG marine fuel ‘no better than gasoil or fuel oil’

As the January 2020 deadline for exhaust gas emissions from ships approaches, a public relations battle is heating up about what the best alternatives are to meet the new rules. LNG is presently under fire from a Belgium-based lobby group Seas at Risk

See All

 

Audio

The Shipping Podcast

Podcast Company News

The Lloyd’s List Podcast: Asia’s trade outlook

The Podcast comes from Singapore this week, where Lloyd’s List hosted the Asia Trade Outlook Forum, casting a critical eye over the market trends shaping shipping business decisions in the next 12 months. Joining Lloyd’s List Editor Richard Meade to discuss the key takeaways from the forum are the Asia editorial team: Cichen Shen, Vincent Wee, Hwee Hwee Tan and Inderpreet Walia.

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

Webinars

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

Italian regulators sign off 49% MSC stake in Messina

Italy’s competition authority has signed off an agreement to allow global container shipping company MSC to take a 49% stake in Genoa-based shipping line Ignazio Messina, as well as a majority interest in four of the latter’s eight con-ro vessels

CSSC Shipyard
Yard Talk | Another rough year ahead?

Most shipbuilders have had a rough time in 2019, but next year is unlikely to be any better for the building fraternity as owners’ ordering appetites will continue to be curbed by uncertainties about shipping demand and the unpredictability of what the best fuel might be under the new rules on exhaust gas emissions 

US-China tariff delay does little to stabilise freight demand

The latest US-China tariff delay will do little to help stabilise a volatile freight demand environment. Scheduled tariff increases are being consistently delayed as a goodwill gesture while the two sides work toward an agreement

K+N earnings improve on higher volumes

Results for first nine months of the year show resilience to slowing growth and trade tensions

 

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