Daily Briefing October 22 2020
Free to read: Marshall Islands adds voice to IMO decarbonisation backlash | DNK to return entire decade’s premiums | Yard Talk: Shipbuilders vie for ultra large boxship orders | Shipping groups plan ‘virus testing hotels’ in Manila for crews
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
One of the world's largest flag states has criticised an industry-backed proposal for a global short term-measure to cut emissions.
Norwegian war risk club DNK is set to give members a $300m cashback from its free reserves.
Shipping trade groups will test and quarantine seafarers in Manila after coronavirus outbreaks on ships were linked to possible gaps in the Philippines’ crew change regime.
Analysis
Pending orders for a batch of ultra-large containerships may mark the climax of intense competition between Chinese and South Korean shipbuilders this year.
A new dynamic is emerging in talk about green fuels for maritime: the need to make decarbonisation commercially viable.
Weekly Briefing: Low orderbook and recovery in demand seen as bullish for dry bulk market.
Markets
Thailand has slowed down its imports due to low domestic demand caused by the coronavirus backdrop.
In other news
The Greek shipping industry has been told it needs to open up and become more proactive if it wants to have greater influence, says Panos Laskaridis, chief executive of Lavinia Bulk.
A tanker is reported to be on its way to assist a stricken Venezuela-flagged floating storage offloading unit.
A dangerous cargo was probably the cause of a fatal fire on board a Maersk containership, an investigation has concluded.
Qatari port operator QTerminals has taken a 99.99% stake in the port of Akdeniz in Turkey from Global Ports Holding, the London-listed cruise port operator, for undisclosed consideration.
Singapore-based Eastern Pacific Shipping and BW LPG have been increasingly opting for dual-fuel liquefied petroleum gas carriers and boosting their green credentials by lowering their emissions profile in order to meet regulatory targets.
The US has charged six Russian military intelligence officers in connection with masterminding cyber attacks, including developing NotPetya malware, which cost Maersk millions of dollars in 2017.
Japan’s largest liquefied natural gas buyer, JERA, and trading house Marubeni have exited as equity partners in Australia’s first floating regasification project.