Daily Briefing March 22 2021
Free to read: Decarbonise shipping together, not owner by owner | Lloyd’s List podcast: Why sustainable shipping is about more than just carbon reduction | Container lines warned over US exports
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
Shipping is a dirty industry, and planting a few carbon offset trees and hoping for the best isn’t going to convince the world otherwise.
The Lloyd’s List Podcast: Why sustainable shipping is about more than just carbon reduction.
Container lines could face additional regulatory burdens in the US if the supply chain issues surrounding containerised agricultural exports are not resolved.
Support for the Jones Act from across the US political divide should ensure the controversial law that shields domestic shipping trades from foreign competition remains on the statute book.
Analysis
Spot rates on the Asia-Europe trade lost further ground this week, in a sign that supply chain disruption could finally be easing on the east-west routing.
Opinion
The number of seafarers working past their contracts has fallen to about 200,000, according to International Chamber of Shipping estimates, writes Declan Bush.
Markets
The week in charts: BDI hits five-month high, Libyan crude lift and gasoline peak.
Western Bulk, an operator of handysize and supramax vessels, is expecting the market to remain firm through the year due to strong demand from China and recovering demand from elsewhere.
In other news
The bunkering industry has hit back at unfounded criticism of very low sulphur fuel oil, saying its “continued vilification” is based on misconceptions and falsehoods.
Mitsui OSK Lines plans to enter the liquefied carbon dioxide shipping business with an investment in a Norway-based shipmanagement company.
Norwegian energy provider Equinor is hiring fuel-efficient ships to meet its shipping decarbonisation commitments.
Chartworld Shipping has confirmed it has placed a landmark order for four 13,000 teu containerships at New Times Shipbuilding.
The US has warned “any entities” working on Russia’s Nord Stream 2 pipeline to abandon their efforts “immediately” or risk sanctions.
Dutch storage firm Vopak has entered the race to develop a liquefied natural gas import terminal in Australia.