Daily Briefing September 29 2020
Free to read: CMA CGM confirms ransomware attack | Newbuild tankers accelerate clean trading | Port delays could see cargo damage claims rise
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 | In other news
What to watch
CMA CGM, the French container line, is working to reverse the impact of a ransomware attack that has shut down many of its online services.
Newly launched very large crude tankers and suezmax tankers are being diverted to transport and store clean products, adding further pressure to the product tanker market as the larger vessel sizes cannibalise trade.
Analysis
Port delays related to coronavirus congestion could lead to a rise in shipowners looking to recover losses, in addition to demurrage, when cargoes become spoiled or damaged.
Maritime Markets Outlook: In the launch edition of the monthly maritime markets outlook: Why shipping’s middle class problem means we are very bearish for crude and product tankers | Why “peak oil” should probably become part of analyst lexicon | What the orderbook and port calls data tells us about the state of the markets right now.
Ask the Analyst: Breaking down the obfuscated walls of shipping, uncovering complicated ownership structures, poor operational records and maintaining port data, may go some way in supporting a sea change in behaviour.
Opinion
The Lloyd’s List Podcast: The International Union of Marine Insurance offers an essential snapshot of maritime risk every year via its globe-trotting annual get together, but for obvious reasons this year was a virtual event over two weeks. We offer a condensed canter through the key takeaways courtesy of IUMI’s secretary general Lars Lange.
.png?h=91&w=161&rev=6c74938277684b5ebb9d44a2d7333d68&hash=D075F0E09CB107808BC4D284CE744AFD)
One Hundred People 2020: It is time to choose the people who will feature in our annual Top 100 rankings. Who would you recommend?
In other news
Oldendorff Carriers, a German owner of dry bulk vessels, says one of its ships faces a deep clean after an outbreak of coronavirus among the crew.
Cosco Shipping Holdings’ deputy president Erxin Yao, a container shipping veteran, has retired from the company, according to an exchange filing.
West of England has appointed former master Simon Hodgkinson as global head of its loss prevention department.
BIMCO’s board of directors has nominated Nikolaus Schües to stand for election as a future president.