Daily Briefing October 14 2020
Free to read: InterManager seeks to clarify virus measures after infections | Downgraded UK shipping firms face stricter checks to access government relief | Maersk cuts 2,000 jobs and raises full-year guidance
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 | Markets | In other news
What to watch
Intermanager, the trade association for the shipmanagement industry, is proposing a tweak to quarantine measures to avoid further cases of coronavirus infections on board vessels.
Maritime companies seeking access to a UK government scheme offering emergency business loans face stricter checks if their credit rating has fallen below investment grade since March.
Maersk, the world’s biggest container company, raised its full-year guidance because of better than expected volumes and freight rates, but will cut 2,000 jobs as part of its restructuring.
Analysis
Pavilion Energy is mooting an incremental approach to decarbonisation, which it expects to back up the viability of liquefied natural gas as a greener ship fuel.
From the News Desk: The pandemic has exposed uneven adoption, security concerns and other obstacles on shipping’s road to digitalisation.
Markets
China is reported to have imposed restrictions on imports of Australian coal, leaving the dry bulk market concerned about the potential impact on freight rates for the larger bulkers that ply the route.
In other news
South Korea’s Daewoo Shipbuilding & Marine Engineering has won contracts to build six new liquefied natural gas carriers.
Four ferry companies have received UK government contracts to ensure freight capacity after the country leaves the European Union.
Cosco Shipping Ports has agreed to acquire a 26% stake in Guangxi Beibu Gulf Terminal, the operator of a important container handling facility in southern China, according to an exchange filing.
US ports showed increased throughput of containerised imports and exports during August, underscored by recent government trade figures and an improving global economic outlook.
Swire Group shipping unit the China Navigation Company has launched Swire Projects to expand its project cargo business.
Maritime UK patron Princess Anne has paid tribute to the resilience of Britain’s maritime industries.