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


Daily Briefing August 11 2020

Free to read: Legal ‘grey’ zone said to complicate Beirut litigation | Mauritius fears stricken bulker close to breaking up | HMM to sell stake in ex-Hanjin terminal to CMA CGM

Good morning. Here’s our quick view of everything you need to know today.

The Lloyd’s List Daily Briefing is brought to you by the Lloyd’s List News Desk.

What to watch   |   Analysis   |   Opinion   |   Markets   |   In other news

Print this briefing

What to watch

There is no binding international framework for the safe storage of ammonium nitrate on land, a factor that will complicate efforts to determine liability after last week’s catastrophic explosion in Beirut, according to a lawyer who has worked on similar cases.

Fears are mounting that more unsalvaged oil from the stricken capesize off Mauritius could seep into the ocean.

South Korean carrier HMM has agreed to sell a 50% stake minus one share in its wholly owned Total Terminal International Algeciras in southern Spain to French rival CMA CGM.


The Lloyd’s List Podcast: After a short break, we are back and this week we are joined by Nobu Su, the former billionaire shipowner jailed in London over a long-running dispute about money owed in failed freight futures deals. He tells Markets Editor Michelle Wiese Bockmann about how the experience changed his life and why he is still determined to reveal the truth in order to clear his name.


Cargo owners in the container trades have a quite different relationship with shipowners and operators than those in the bulk markets, but even so, carriers should seek the support of customers in highlighting the plight of seafarers, writes Janet Porter.

Shipping’s conferences and exhibitions, a focus of the industry’s networking, are unlikely to return to a normal schedule in 2021. Lockdowns will continue to dampen the spread of Covid-19 until widespread vaccination, writes Richard Clayton.


Clarksons, one of the world’s largest shipbrokers, said it remains confident the global shipping industry can bounce back from the coronavirus slump.

In other news

The International Maritime Organization has issued a revised schedule of meetings, which will be held virtually, starting in September

Safe Bulkers, the Cyprus- and Greece-based owner of dry bulk carriers, may look at acquiring one or more additional vessels with the proceeds of a new fundraiser for up to $23.5m.

CSSC (Hong Kong) Shipping has agreed a sale and leaseback deal for two product/chemical tankers linked with shipowner Goldwin Shipping.

Singapore sovereign wealth fund Temasek Holdings said it will not proceed with its conditional offer to take a controlling 51% stake in battered conglomerate Keppel Corp.

Dockworkers at the port of Montreal have launched an indefinite strike as part of a dispute concerning work schedules.





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts