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Daily Briefing January 26 2021

Free to read: Industry heavyweights reignite crew-change crisis efforts | Indonesia probes suspected illegal Iran oil transfers | One seafarer dead, 15 missing after pirate attack in Gulf of Guinea

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


Over 300 companies from across the maritime supply chain have signed up to the latest industry initiative to tackle the persistent problems preventing crew changes that have grown into a humanitarian crisis at sea affecting hundreds of thousands of seafarers globally.

An alleged illegal oil transhipment has been identified by Indonesian authorities in their domestic waters, and the vessels involved seized.

Pirates attacked a Turkish ship, kidnapping 15 of its crew and killing one in the Gulf of Guinea.


Analysis


An end to the exceptional container equipment shortage experienced in recent months could be in sight, according to container monitoring specialist Container xChange.

Container lines’ approach to pricing during the current supply chain crisis could be putting future relationships with both customers and regulators at risk as some shippers find themselves priced out of the market.


Opinion


The Lloyd’s List Podcast: BIMCO’s chief shipping analyst Peter Sand takes us on a run through of the key tipping points that will shape the shipping markets in 2021. With Lloyd’s List editor Richard Meade, he casts an eye across box market buoyancy, tanker troubles and the bulk market’s optimistic expectations for the year that inevitably all hinge on China.


Markets


South Korea is providing ships and funds to domestic exporters to alleviate logistics issues when shipping their containers.


In other news


Castor Maritime, the dry bulk carrier owner, has sealed its largest borrowing deal to date as it eyes further acquisitions.

Containership owner Global Ship Lease has grossed more than $70m from an underwritten public offering of common stock intended to fund fleet expansion.

Hong Kong has approved the long-awaited lifting of air draft restrictions for mega ships using a key waterway, creating an opportunity for the Asia shipping hub to allure more liner services.

Former CMA CGM stalwart Nicolas Sartini has been named as co-chief executive of Yilport Holdings, the terminal operating business of Turkish conglomerate the Yildirim Group.

A record 582 supramax and ultramax fixtures were concluded by C Transport Maritime (CTM) during 2020, a “very challenging year on many different levels.”

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