Daily Briefing December 9 2020
Free to read: Markets will drive environmental change ahead of regulators | Lloyd’s List 2021 Shipping Outlook Forum: Poll results | Swedish Club announces 5% hike for P&I, 10% for FD&D
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
Market standards and norms around expectations will pave the way for global regulatory development, shipping has been told.
Lloyd’s List 2021 Shipping Outlook Forum Poll results: Decarbonisation, crewing and recovering from the pandemic were among the topics tackled in the agenda-setting event of the maritime calendar.
Analysis
From the News Desk: South Korea and Japan join European and Chinese shipowners in rejecting commission’s plan to expand carbon market to cover vessels calling at European Union ports.
Opinion
Top 10 in regulation: The pandemic may have derailed the pace of regulatory proceedings, but efforts by the biggest players to shape those regulations did not stop.
Markets
The Swedish Club is looking for a 5% general increase at the next renewal round as “a move designed to improve the balance between claims and premiums”, it said in a circular.
The container terminal sector incurred a $1.9bn drop in earnings in the first half of 2020 as operators struggled with falling volumes and landside disruptions as a result of the global health crisis.
South Carolina Ports Authority witnessed record-high container volumes in November as the US continues to see a boom in the export trade out of China.
In other news
CDB Financial Leasing has confirmed its acquisition of 14 product tankers from Maersk Product Tankers.
Daewoo Shipbuilding & Marine Engineering announced that it has signed a letter of intent for 10 very large crude carriers that can be fuelled by liquefied natural gas.
Seaspan has announced orders for five 12,200 teu containerships backed by long-term charters to an unidentified carrier.
Hapag-Lloyd has raised its earning guidance for the second time in as many months on the back of “better than expected” business performance in the fourth quarter of the year.
The Port of Los Angeles will partner with International Business Machines Corporation to design and operate a port cyber resilience centre aimed at detecting and protecting against malicious cyber incidents potentially impacting cargo flow.
The Digital Container Shipping Association has taken the first steps in its eDocumentation initiative with the publication of the data and process standard for the shipping instructions and bills of lading.
Trading giants Vitol and Mitsui are backing one of a handful of regasification projects that will turn Australia into a liquefied natural gas importer.
The Libyan National Army has detained a Turkish-owned general cargoship at Ras al-Hilal, according to security consultants.