Daily Briefing March 1 2021
Free to read: Better box carrier service will come at a cost, warns Saadé | Partnerships and redundancy critical to surviving supply chain chaos | The Lloyd’s List Podcast: The case for ammonia as shipping’s fuel of the future
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
Container carriers cannot return to regular blankings as a means of managing capacity if they wish to maintain service levels when the pandemic recedes, says CMA CGM chief executive Rodolphe Saadé.
Shippers and beneficial cargo owners should look to long-term relationships with their carriers and forwarders if they are to avoid the pitfalls of the current supply chain crisis happening again.
The Lloyd’s List Podcast: The case for ammonia as shipping’s fuel of the future with guests Milton Bevington and Stephen Crolius of Carbon Neutral Consulting.
Analysis
Watson Farley & Williams has retained a strong focus on the maritime sector, which will only be strengthened by a survey and report that address the dilemma of funding the arrival of new technology in shipping.
Opinion
For all the talk of digitalised efficiency and decarbonised sustainability, shipping has a pretty pedestrian record of innovation.
From the News Desk: Seafarer abandonment cases continue to climb, while suicides are going uncounted. Meanwhile calls are growing to ensure crews are not denied coronavirus vaccines, and for the industry take better care of its workforce.
Markets
The appetite for sustainable bonds rises as shipping focuses more on environment, social and governance objectives, banks say. Over time, these type of bonds may even replace regular ones.
Liquefied natural gas is gaining liquidity amid a low-price environment for the commodity, data released in Shell’s annual LNG outlook suggested.
In other news
An investigation is underway into an explosion on an Israeli-owned car carrier in the Gulf of Oman, prompting fears of another possible Iranian limpet mine attack.
Deficient maintenance was a significant cause of a catastrophic main engine failure sustained by DFDS ro-ro Finlandia Seaways (IMO: 9198721) in April 2018, according to a report.
A cement maker is looking to develop a green ship for short-haul trades within Norway.
China’s Fujian province has rolled out a blueprint to consolidate the local port sector led by the Port of Xiamen, aiming to nearly double the habour’s container throughput in 2035, among others targets.
Zhang Wei, a former vice-president of China Cosco Shipping Corp, has moved to serve the Shanghai municipal government after being appointed as a vice-mayor.
The International Maritime Organization’s 2030 carbon intensity target can be achieved by adopting both the Energy Efficiency Design Index and the Energy Efficiency Design Index for existing ships amendments at the Marine Environment Protection Committee 76 in June, Wood Mackenzie reports.
Singapore is rapidly responding to the needs of the shipping community as demand for liquefied natural gas as a marine fuel increases, with the Maritime and Port Authority of Singapore awarding a third LNG bunker supplier licence to Total Marine Fuels Private Limited, for a five-year term starting on January 1, 2022.