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Daily Briefing November 14 2019

Free to read: Global oil and LNG trades ‘transformed’ by moving supply and demand geography | More work needed before a carbon levy, says Platten | International Group moves to boost competition

Daily Briefing

Latest Articles

 

 



Lloyd's List Events

Decarbonisation and digitalisation: Where we’re at and what’s coming next

Opportunity is as much about disruption as it is about regulatory and technological uncertainties

Global Freight Awards will celebrate excellence in cargo shipping

Awards ceremony to be preceded by forum on preventing misdeclared cargoes

Lloyd's List Europe Awards finalists revealed

The Europe awards will recognise ‘Excellence in Shipping’

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

Analysis and Comment

Global oil and LNG trades ‘transformed’ by moving supply and demand geography

The International Energy Agency forecasts the demand from Asia is expected to create the biggest shift in oil and gas trade patterns over the next 20 years 

Freight forwarders criticise detention and demurrage process

Freight forwarders call for more transparent and business-orientated process

California ports show hesitant growth trajectory despite tariffs

Los Angeles had a bad October, but is having a good year. Long Beach is having a bad year, but just had its second busiest October ever. Oakland is having a good year, and a mixed October

Multi-fuel future calls for team work in advocacy

Shipowners will want to safeguard against fuel price movements going forward, justifying the adoption of two or more marine fuels in the transition to a greener shipping future

Answer five questions to make better greenhouse gas policies at the IMO

Dan Rutherford, from ICCT — an independent nonprofit organisation providing technical and scientific analysis to environmental regulators — lays out his case for what defines a good GHG reducing measure

Capesize market hit by negative sentiment

While sentiment has turned negative, there is hope vessel supply tightness will help to sustain levels through to the end of the year

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The Interview: George Economou

The Greek shipping magnate has just taken his signature Nasdaq-listed company DryShips private after 15 roller-coaster years. A good moment to take stock of a flamboyant career, but while opening up on past moves Mr Economou’s attention is still relentlessly on the future

Containers Big Interview Brexit

The Lloyd’s List Podcast: Trade, Trump bashing and the unstoppable rise of Chinese leasing

The Lloyd’s List Podcast is in Shanghai this week where China’s President Xi Jinping has been leading the discussions around trade policy and Chinese shipping giant Cosco has been talking up the value of a multi-lateral, value-added approach to supply chains. Joining Lloyd’s List Editor Richard Meade to discuss everything from trade policy and Trump bashing to Chinese leasing and why cargo interests are leapfrogging shipowners in news deals are China Editor Cichen Shen and special guest Bill Guo, executive director of the Chinese leasing giant ICBC. 


Tankers

D’Amico bullish on product tankers amid lower loss

The company reported that cost efficiencies helped the bottom line

Global oil and LNG trades ‘transformed’ by moving supply and demand geography

The International Energy Agency forecasts the demand from Asia is expected to create the biggest shift in oil and gas trade patterns over the next 20 years 

MISC forecasts optimism for LNG shipping market

MISC believes a surge in spot rates in the LNG shipping segment has raised expectations for a run-up to a robust winter market

Thailand to open up bids for first FSRU

The 5m tonnes per annum project is expected to be tendered out by the first quarter of 2020 and sent for Cabinet approval by the second quarter

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Sanctions

Rosneft grapples with unsold Venezuelan crude as exports slump

Rosneft’s trading arm is vital to Venezuelan crude sales as Chinese refiners shun direct purchases since the US administration tightened sanctions in August. Instead Venezuela to China shipments arrive via Malaysia, through ship-to-ship transfers undertaken from Rosneft-controlled tankers

Britain reduces threat level for shipping in Strait of Hormuz

Britain has officially lowered its risk assessment for UK-flagged ships transiting the Strait of Hormuz. They will soon be able to proceed without naval accompaniment, according to the Department for Transport

US says Cosco is not untouchable

US Deputy Assistant Secretary of State warns the industry still has some way to go, despite progress in ensuring sanctions compliance

Tanker markets can look back on an extraordinary year

The pace and duration of further falls of VLCC-assessed rates will be tested by the global economic headwinds and revised oil demand forecasts

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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

More work needed before a carbon levy, says Platten

ICS chief Guy Platten hopes that by mid-2020 the 0.5% sulphur cap will be smoothly implemented

Shipping edges towards mandatory R&D fund

A proposal under consideration by five industry associations could force ships to pay $2 for each tonne of fuel they consume

Torm confident of sustained market strength

Given recent market strength and yard capacity issues, the company is pushing back some scrubber retrofits into next year

Euronav secures LSFO deal in Malaysia

Linggi port will provide low-sulphur marine fuels and other services for Euronav’s vessels on east-of-Suez routes

See All

 

Audio

The Shipping Podcast

Podcast Company News

The Lloyd’s List Podcast: Trade, Trump bashing and the unstoppable rise of Chinese leasing

The Lloyd’s List Podcast is in Shanghai this week where President Xi Jinping has been leading the discussions around trade policy and Chinese shipping giant Cosco has been talking up the value of a multi-lateral, value-added approach to supply chains. Joining Lloyd’s List Editor Richard Meade to discuss everything from trade policy and Trump bashing to Chinese leasing and why cargo interests are leapfrogging shipowners in news deals are China Editor Cichen Shen and special guest Bill Guo, executive director of leasing giant ICBC. 

The Lloyd's List Podcast: Why environmental protection will trump trade

Environmental protection is ultimately going to trump trade, according to our podcast guest this week — the IMO’s head of air pollution and energy efficiency, Edmund Hughes. Speaking to Lloyd’s List Editor Richard Meade and reporter Anastassios Adamopoulos in this week’s edition, he talks us through his confidence about 2020 implementation, the lessons learned in lowering sulphur that might help the decarbonisation debate, and the role of the IMO amid rapidly changing political dynamics 

The Lloyd’s List Podcast: Shipping and the law

The Podcast is in Naples this week as our law and insurance expert David Osler talks over the legal challenges of autonomy, Brexit and 2020 sulphur rules with some of the shipping industry’s finest legal minds. Featuring this week are: Mans Jacobsson, the now-retired former director of the International Oil Pollution Compensation funds; Tiejha Smyth, a solicitor who now works as deputy director of freight, demurrage and defence at North Group; James Leabeater QC and Hamish McRae, one of Britain’s best-known economics journalists

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.

Webinars

The Intelligence

Future Fuels

The search for shipping’s green tipping point

The Intelligence HP Stream Company News

Fuel change likely to generate insurance claims, say clubs

The wrong kind of bunkers can do serious damage to hull and machinery, thereby leading to insurance claims

Container shipping goes big on transition fuel

Emission control regulations have forced container lines to consider LNG as an alternative to scrubbers and low-sulphur fuel, with several carriers mulling conversions and newbuildings

The search for shipping’s green tipping point

Shipping is going to require clean, cheap energy to completely transition to zero-emission fuel options — and much depends on how quickly the cost of renewables can outpace carbon in the global economy

Newbuilding hiatus could be just the ticket

Whereas before size, durability and trade suitability would pre-empt the sign-off for newbuildings, adding fuel choice to the mix has brought a new layer of complexity for those responsible for vessel procurement

 

 

 

Lloyd's List Containers

Xu Lirong Steering China’s shipping giant

 

 

Containers magazine HP stream Company News

Hapag-Lloyd names new chief financial officer

Mark Frese will take up the CFO role at the German container shipping line next March

Transpacific box trade heading for first contraction in a decade

Port throughput and trade figures indicate no frontloading boost for carriers in 2019

RCL takes third-quarter hit on plunging freight rates

The intra-Asia trade’s strong potential for growth has attracted new players and intensified competition. The downside of this competition is that it has resulted in depressed freight rates

Ship at sunset
Shipping edges towards mandatory R&D fund

A proposal under consideration by five industry associations could force ships to pay $2 for each tonne of fuel they consume

 

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