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Daily Briefing April 15 2021

Free to read: Marine insurers dismayed by $1bn claim for Suez Canal block and seizure of vessel | Shipping green fuel levy faces opposition from developing nations | Capesize earnings surge on increased vessel demand

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


Egypt has arrested Evergreen-operated boxship Ever Given pending settlement of the Suez Canal Authority’s almost $1bn claim for compensation, after the grounding of the vessel shut down the key waterway for six days last month.

A group of developing countries is opposing a proposed fuel consumption levy on ships for decarbonisation research and development and instead wants developed nations to contribute more.


Analysis


Capesize earnings keep on shining, outperforming all smaller dry bulk vessel types.

Arrow Shipbroking is bullish on the dry bulk and container sectors, while it is optimistic on tankers, which are expected to have a long and bumpy road to recovery.


Markets


The Panama Canal Authority (ACP) has delayed moves that would have seen an increase in reservation and other service fees at the canal, following talks with the shipping industry.

Mediterranean Shipping Co is on track to overtake 2M alliance partner Maersk as the world’s largest container line by capacity deployed if it continues with its aggressive acquisition policy.


In other news


Shares in Adani Ports & Special Economic Zone plunged after the S&P Dow Jones Indices dropped the port operating group from its sustainability index over links to the Myanmar regime.

China Merchants Port Group has seen its bottom line boosted by a strong demand recovery in the first quarter

Shell is to join a consortium that will trial the use of fuel cells on deepsea vessels.

The Global Shipping Business Network, a blockchain-based liner shipping platform owned by leading carriers and terminal operators, has brought Bank of China (Hong Kong) on board as its first banking partner.

Hapag-Lloyd has taken further steps to try to alleviate the shortage of container equipment with a $550m order for 150,000 teu of dry and reefer boxes, and 8,000 specialist containers.

Shipbroker Ifchor and ClearBlue Markets, a carbon pricing specialist, have joined forces to form a new carbon trading and advisory company.

Iran has been linked to an attack on another Israeli-owned ro-ro, according to reports.

Reefer specialist Seatrade has joined with Caribbean logistics group Jamaica Producers to acquire UK-based conventional reefer operator Geest Line.

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