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Daily Briefing December 4 2020

Free to read: China’s shipping groups criticise EU carbon trading scheme | Vehicle carrier deliveries to drop in coming years | Questions after 1,900 containers lost from ONE boxship | Pandemic stalls energy efficiency gains

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




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What to watch


Maritime associations in China have added to criticism of European Union plans to include shipping in its carbon trading scheme.

Orders for vehicle carriers will be very low in the 2020-24 period compared with the previous five years, according to the latest Lloyd’s List Intelligence Shipbuilding Outlook. The size of the fleet is expected to remain relatively stable going forward.

The investigation into the loss of containers from Ocean Network Express’ ONE Apus will be seeking answers into what is likely to be the largest loss of boxes in a single event that did not involve a fire or sinking.


Analysis


The health crisis has stalled global improvements in energy efficiency, the International Energy Agency said in a report.

The incoming administration of president-elect Joe Biden has no immediate plans to remove the 25% tariffs currently imposed on China, but would lift sanctions on Iran if the Islamic Republic returns to “strict compliance with the nuclear deal.”


Opinion


This year’s virtual Lloyd’s List Greek Shipping Awards in Athens may lack the din from 1,200 people in a room gathered together, but the online ceremony will seek to preserve other aspects that have made the event popular as it pays tribute to the year’s high achievers in Greek shipping.

Top 10 flag states 2020: Flag states have coped with significant disruption from the coronavirus, with remote inspection, e-certificates and hard-working teams keeping operations running smoothly.



Markets


Avance Gas, an owner of very large gas carriers for transporting liquefied petroleum gas, says it feels confident for 2021, given the recent rise in spot rates.

Shipowners’ Club has said it will seek a 5% general increase, inclusive of any adjustment for reinsurance premiums, at the next renewal round.


In other news


Denmark’s Celsius Shipping has secured charters for three liquefied natural gas carriers under construction from the marketing arm of US-based project developer Cheniere Energy.

Commodity trader Trafigura will invest $62m in Swiss green hydrogen maker H2 Energy.

Maersk Tankers is taking over the management of four Xihe Holdings product tankers.

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