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Daily Briefing February 19 2020

Free to read: Ships poised for new CO2 measures in 2022 | EU competition watchdog eyes shipping consolidation tipping point | Coronavirus latest sees port calls drop and P&I clarify cover | DP World delisting addresses investor disconnect, but debt action and deleveraging is demanded

Daily Briefing

Latest Articles

 

 

Analysis and Comment

Qatar’s emerging cluster wants to be taken very seriously

The lasting impression from this first Maritime and Logistics Summit is that Qatar has developed a regional presence that shows every likelihood of pushing out beyond the Middle East

From the News Desk: How is the coronavirus affecting shipping?

Spot rates in container shipping markets have weakened substantially despite an increase in blank sailings by carriers, while the volume of idle capacity in the world boxship fleet continues to grow.

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

The path back to full state ownership will see DP World take 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 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

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

China offers more tariff cuts on US goods amid coronavirus gloom

Move comes as Beijing pledges to spend an extra $200bn on purchases from the US — which includes $78bn on finished products, $32bn on crops and $52bn on energy — over the next two years 

MISC upbeat on petroleum shipping business

MISC warns that the coronavirus outbreak has posed risks to the oil and tanker market and it could face short-term headwinds

Qatar delays LNG expansion plans

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

Nakilat posts highest-yet net profit in 2019

The chairman cited favourable market conditions accompanied by business diversification and resource optimisation that helped to elevate the company to new heights

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

One Hundred People 2019

Lloyd’s List annual ranking of the most influential people in the shipping industry

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

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


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?

 

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