Daily Briefing December 7 2020
Free to read: Opec deal signals tougher start to 2021 for tanker owners | Rightship’s new chief executive sets out data-driven agenda | Do box shipping’s safety standards stack up?
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
There is likely to be little respite for tanker owners in the first quarter of next year after a decision by oil producers to supply less crude to the market in January than previously agreed.
Rightship’s new chief executive sets out his data-driven agenda.
Analysis
Beyond its short-term impact on output, the coronavirus pandemic is expected to mean a slowdown of productivity growth as did previous epidemics, such as Sars, Mers, Ebola and Zika, all affecting emerging markets more than the developed world.
Better pricing discipline and access to shipowner-controlled mutual capital without the demand for profit maximisation are key reasons why the Nordic hull market has overtaken Lloyd’s as the world’s largest, according to the chief underwriting officer of its major player.
Opinion
The loss of containers from ONE Apus is an unwelcome event. Attention needs to turn to how containers can be better secured on deck to survive significant weather events.
Top 10 box port operators 2020: PSA’s Peter Voser tops our regular rankings rundown of the global port operators. The Singaporean port operator stands head and shoulders above its competitors on an equity teu basis.
Markets
Gasoline exports rise and imports of jet fuel to key Europe pricing hub drop sharply, providing fresh insight into how the pandemic’s second wave is affecting demand for transport fuels.
In other news
The UK P&I Club has issued a 130-page manual on crew-change restrictions for ports around the world.
Daewoo Shipbuilding & Marine Engineering has won orders to build three very large crude carriers for Abu Dhabi National Oil Co.
Glencore says it expects to reduce its coal business ‘over time’ and to cut emissions by 40% by 2035.
The UK Chamber of Shipping has released a charter for companies to reduce their use of polluting single-use plastics to cut ocean waste.