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Daily Briefing March 25 2021

Free to read: Suez Canal remains blocked despite efforts to refloat grounded vessel | Grounding likely to generate big insurance claims and extensive litigation | Coal trade flows see reshuffle

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   |   Markets   |   In other news

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What to watch

The Suez Canal remained closed following the grounding of a fully laden Evergreen-operated 20,000 teu containership on Tuesday, blocking traffic on one of the world’s most important waterways.

The boxship grounding that forced the shutdown of the Suez Canal is set to constitute one of the most significant casualties of recent years from a legal and insurance perspective, despite no loss of life or pollution, according to legal experts.


Coal trades are being reshuffled following the political standoff between China and Australia, with longer sailing distances adding to the positive sentiment driving dry bulk freight rates.


Seanergy Maritime, a capesize bulker owner, predicts an extended period of strong market conditions after emerging from a “short-lived” negative fourth quarter.

In other news

Trafigura is backing efforts at the International Maritime Organization to impose the first global carbon levy on ships.

The world’s busiest bunkering hub, Singapore, has carried out the first ship-to-ship transfer of marine liquefied natural gas to an ocean-going containership.

BW Offshore has won a contract from Australia’s oil and gas producer Santos for the supply of a floating production, storage and offloading vessel.

The US Coast Guard violated federal law in denying a master the right to sit for an examination that would allow him to register as a shipping pilot, according to the ruling of a federal court judge.

Winson Group has denied allegations linking its shipping business to oil deliveries to North Korea.

Tsakos Energy Navigation has agreed a long-term charter for a liquefied natural gas carrier under construction at Hyundai Heavy industries as the tanker owner’s latest results underline that the LNG sector remains an important contributor to its business.





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