Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Daily Briefing February 18 2020

Free to read: EU shipowners nervously eye growing Chinese ownership | Tanker at centre of Venezuela power struggle over crude cargo sails | Carrier results will give insight to coronavirus impact | DP World delists

Daily Briefing

Latest Articles

 

 

Analysis and Comment

DP World delisting addresses investor disconnect but debt and deleveraging is demanded

The path back to full state ownership will see DP World takes on an additional $8.1bn in debt as Dubai continues to feel the repercussions of the emirate’s 2009 debt crisis

Carrier results will give insight into coronavirus impact

Reduced volumes out of China in the first quarter will likely lower earnings estimates for the 2020, but an increase in volume could follow the reopening of China’s factories

Tanker at centre of Venezuela power struggle over crude cargo sails

Tanker has discharged crude cargo at Jose offshore terminal and left the port, switching off AIS

Rising long-haul trades ‘turn tanker demand positive’ in 2020

Shipbroker Braemar ACM forecasts rising longer-haul voyages to Asia to offset coronavirus-led falls in demand growth

World boxship fleet update: Coronavirus takes toll on idle fleet

The wide-reaching impact of the coronavirus outbreak is now affecting developments in the active containership fleet as yards struggle to complete scrubber installations

Chinese owners and leasing banks dominate scrubber investment

Lloyd’s List Intelligence data on scrubber penetration shows at least 2,753 vessels, totalling 328.7m dwt, are now trading and have scrubbers installed

See All

 

 


 

The Interview: Nusrat Ghani

When Nusrat Ghani talked to Lloyd’s List last week, she noticeably spoke about her roles as UK Shipping Minister in the past tense. There was speculation that she could be in line for promotion. Instead, she has been sacked as part of prime minister Boris Johnson’s reshuffle. She leaves the UK maritime sector, relatively speaking, in a good place, enjoying a period high-profile status within UK government and will be remembered as one of the most effective maritime ministers of recent years. 
United Kingdom Political and Trade Big Interview

The Lloyd's List Podcast

The Lloyd’s List Podcast: From Freeports to carbon free shipping

The European Parliament wants shipping put under the EU’s emissions cap and trade system and it’s not clear the industry has yet clocked the full implications of this latest political slavo. Meanwhile, in the UK, the government plans to create up to ten freeports to “turbocharge’ trade in the wake of Britain leaving the European Union is raising political questions. We’re joined by the British Ports Association and the UK Major Ports Group to dissect what it means for the industry. 

 


Tankers

Qatar delays LNG expansion plans

A delay should reduce near-term contracting competition for US projects, Stifel noted

Nakilat posts best ever net profit in 2019

Chairman notes more favourable market conditions as well as implementation of business diversification and resource optimization strategies have helped elevate the company to new heights

Tanker at centre of Venezuela power struggle over crude cargo sails

Tanker has discharged crude cargo at Jose offshore terminal and left the port, switching off AIS

Rising long-haul trades ‘turn tanker demand positive’ in 2020

Shipbroker Braemar ACM forecasts rising longer-haul voyages to Asia to offset coronavirus-led falls in demand growth

Read more
Sanctions

Gabon deflags Iranian tanker

Large gaps in a tanker’s automatic identification signal in areas and over periods where it could have called in Iranian waters remain unaccounted for. Its flag registry has decided to de-flag the vessel

Ask the Analyst: Compliance comes to the fore

Sebastian Villyn discusses scrubbers and sanctions in the first of our new regular analyses provided by the team of experts at Lloyd’s List Intelligence on the issues shaping shipping

North Korea continues coal exports to China despite sanctions

The US has reported that between January 1 and October 31 last year, Pyongyang exceeded its United Nations-imposed cap on annual imports of refined petroleum

Cosco VLCCs attract charterer interest after sanctions lifted

CNOOC provisionally agreed a rate of Worldscale 45 to load 260,000 tonnes of crude on Cosrising Lake from West Africa to China

See All

Special Reports

Outlook 2020

Lloyd’s List gives a crystal ball look into what the year has in store for shipping

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

Future Fuels

Chinese owners and leasing banks dominate scrubber investment

Lloyd’s List Intelligence data on scrubber penetration shows at least 2,753 vessels, totalling 328.7m dwt, are now trading and have scrubbers installed

Keeping up with LNG carrier technology

With the growth in demand for gas, development of production and transport capacities has accelerated

The week in charts: Containerised trade growth slows and scrubber installations

Global containerised trade in 2019 experienced a significant slowdown in growth, according to full-year figures

Coronavirus-hit China leads crude and product tanker demand lower

The International Energy Agency forecast global oil demand growth at 825,000 barrels per day, which is 365,000 barrels per day lower than January estimates

See All

 

Audio

The Shipping Podcast

Podcast Company News

The Lloyd’s List Podcast: From freeports to carbon-free shipping

The European Parliament wants shipping put under the EU’s emissions cap and trade system and it’s not clear the industry has yet clocked the full implications of this latest political salvo. Meanwhile, in the UK, the government plan to create up to 10 freeports to ‘turbocharge’ trade in the wake of Britain leaving the European Union is raising political questions. We’re joined by the British Ports Association and the UK Major Ports Group to dissect what it means for the industry

The Lloyd’s List Podcast: Shipping infected by coronavirus

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

The Lloyd’s List Podcast: Does shipping have a gas problem?

LNG may not be the silver bullet to shipping’s decarbonisation dilemma, but there plenty of owners betting serious money that it offers a safe bet on the path to a greener future. Joining Lloyd’s List editor Richard Meade and markets editor Michelle Wiese Bockmann is, Bryan Comer, a senior researcher at the International Council on Clean Transportation and one of the authors of  a report challenging the received wisdom that LNG provides a 20% reduction in greenhouse gas emissions and might actually be more environmentally damaging than conventional fuel options.

Chris Pålsson, Linton Nightingale, Richard Clayton, Shammi_Mohan
The Lloyd’s List Podcast: All eyes on Doha

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

Webinars


A tale of tension, transition and trade wars

Linton Nightingale

 

Geopolitical tension and trade hostility were among the overriding themes of 2019; the Lloyd's List Top 100 People seeks to add clarity to the narrative

A decade of maritime’s most influential players

Linton Nightingale

 

Documenting shipping’s trials and tribulations over the past decade, the rankings have also charted the rise and fall of shipping kingpins, while springing a few surprises along the way

Interactive rankings

 


View the interactive grid setting out the risers and fallers across the most influential people in the shipping industry

 

 

 

 




The Intelligence

Shipping heads hesitantly into a year of uncertainty

 

The Intelligence Company News

The Container Outlook

Container trade is forecast to have increased by 2% to 1.3bn tonnes in 2019. In 2020, growth is projected to 4.9% driven by strong intra-Asian trade but also firm growth on the main trade lanes

The Regulation Outlook

The implementation of the sulphur cap and an impending decabronisation measure — either from London or Brussels — will dominate next year

The Insurance Outlook

The outlook for P&I and hull insurance can be summed up in two words: ‘more expensive’, thanks to the cull of the worst-performers at Lloyd’s, which has seen over 30 underwriters decide to axe at least one marine line

Looking to the future
Shipping heads hesitantly into a year of uncertainty

Will a period of uncertainty and volatility in 2019 force the industry get back to basics and manage risk more effectively in the coming year?

 

UsernamePublicRestriction

Register