Daily Briefing November 23 2020
Free to read: Time to chase the devil from the IMO | Shipping’s proposed $5bn research fund endures IMO scrutiny | Post-Brexit freight trade set for bumpy ride
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
What to watch
“An important milestone along the road to 100% decarbonisation”, was the impressively non-committal rallying cry emanating from the International Maritime Organization’s digital incarnation this week.
Shipping’s proposal for a $5bn decarbonisation research and development fund has been met with scepticism by governments meeting this week at the International Maritime Organization.
Analysis
With the end of the UK’s transition period from European Union trade rules set to end on December 31, there remains a significant lack of preparedness on the part of the trading community regarding the post-Brexit business landscape and the implementation of the systems that will be needed.
The week in charts: Pandemic impact on secondhand bulker and recycling markets revealed.
Opinion
The Lloyd’s List Podcast: Given the chorus of pro-LNG dual-fuel zealots out there right now, it’s perhaps surprising that LPG hasn’t managed work its way higher up the agenda. BW’s technology and operations chief Pontus Berg joins our reporter Inderpreet Walia this week to offer a fresh look at LPG.
Markets
A surge in imports ahead of the festive season and front-loading before the end of the Brexit transition period has pushed freight rates into Europe and the UK’s congested ports to record highs.
Governments are being urged to investigate container shipping’s detention and demurrage practices by the British International Freight Association and the International Federation of Freight Forwarders Associations.
In other news
Golar LNG and Black & Veatch Corp are joining forces to research floating applications for production of next generation fuels and carbon capture.
Trying to develop start-ups in the maritime sector in Singapore may be seen as a challenge, but venture development firm Rainmaking believes it has found the right approach to make it work.
The International Maritime Organization has approved a ban on the use and carriage of heavy fuel oil in the Arctic Sea.
Hafnia, a product tanker owner in the BW Group, maintains that consolidation in the sector is required.
Port of Zhuhai, a major feeder port in southern China, has completed its takeover of a smaller rival in the east of the country as part of its expansion plan.
Avenir LNG, a small liquefied natural gas company, said that chief executive Milorad Doljanin has resigned.
Dalian Shipbuilding Industry Co has won an order for a 155,000 dwt shuttle tanker from domestic owner Shanghai Northsea Shipping.