Daily Briefing October 6 2020
Free to read: Greek bulker ‘wholly responsible’ for Suez multiple pile-up | Does digital leviathan threaten fair competition in shipping?
Good morning. Here’s our quick view of everything you need to know today.
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What to watch | Analysis | Opinion | Markets | In other news
What to watch
A UK court has ruled that a Greek-owned bulker was responsible for a five-ship casualty that closed the Suez Canal.
It has emerged that a Danish logistics company was targeted by cyber criminals in the weeks before successful attacks on CMA CGM and the IMO.
Analysis
Poor hull and propeller performance accounts for almost 10% of world fleet energy costs and corresponding greenhouse gas emissions, which translates to an additional expense of about $10bn a year for the world fleet, according to an International Maritime Organization study.
Environmental lobby groups are calling on the United Nations to intervene against a recent decarbonisation proposal tabled by leading maritime governments.
Opinion
The required level of co-operation and commitment involved in the implementation of container shipping services can only be achieved if IT programs are semantically interoperable, writes August J Braakman, an advocate specialising in European maritime antitrust law.
Lloyd’s List Podcast: Trafigura is calling for ‘drastic’ measures to speed up the decarbonisation of shipping or the industry risks costly regional confusion, slow update of zero-emission fuels and having decisions forced upon it. Rasmus Bach Nielsen, the commodities trader’s global head of fuel decarbonisation, says a level playing field is essential, while not taking action is not an option.
Markets
Spot capesize rates continued to head north, reaching the highest point in almost 13 months, in what was described as “firm trading activity” by the Baltic Exchange.
Activity in the dry bulk sales and purchase market appears to be heating up, with a number of transactions reported agreed in recent days.
In other news
Shipping and cargo sectors have been urged to accommodate crew changes and support seafarers who want to stop working.
A Gulf of Guinea piracy monitor has urged “extreme vigilance” in the region amid reports an attack is being planned in deep waters off Nigeria.
A shipyard in Norway has been closed after 17 employees were diagnosed with coronavirus.
Golar LNG and BP have agreed to extend the start date for a long-term lease on the floating liquefied natural gas unit for the Greater Tortue Ahmeyim project off Mauritania.