Daily Briefing April 20 2021
Free to read: Rejecting LNG as a marine fuel ‘not yet feasible’ | Evergreen blocked from offloading cargo from Ever Given | Iran’s ‘rogue armada’ of sanctions-skirting tankers revealed
Good morning. Here’s our quick view of everything you need to know today.
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What to watch | Analysis | Opinion | Markets | In other news
What to watch
A World Bank call to dial back investments on the marine use of liquefied natural gas — a fuel battling increasing doubts regarding its green credentials — has been dismissed by some industry leaders.
Efforts by Evergreen, the operator of Ever Given, to have the vessel’s cargo separated from the ship in any legal action have failed.
Analysis
Over 100 tankers and gas carriers said to be part of Iran’s ‘rogue armada’ of sanctions-skirting ships have been identified by a US non-governmental organisation.
Oil tanker demand is poised to shrink by the most since 2009, according to Cleaves Securities’ second quarter of the year assessment of the sector’s prospects for the remainder of 2021.
Opinion
John Angelicoussis was the shipowners’ shipowner. In a special edition of the Lloyd’s List Podcast we discuss the legacy that the legendary Greek leaves the maritime industry following his sad passing last week. Our Greece correspondent Nigel Lowry and Citi chairman of Global Shipping, Logistics and Offshore Michael Parker discuss what made him so significant, and what his death means both for the business he leaves behind and the wider industry.
Markets
Japan’s Nisshin Shipping has ordered up to 10 kamsarmax dry bulkers in China as appetite for fresh tonnage in the sector appears to be increasing.
The container shipping sector can expect the good times to keep rolling for the rest of the year and likely well into 2022, as ecommerce demand leads to a new level of inventory restocking.
In other news
Italian shipowners and a leading Norwegian shipping company have joined an initiative to shape the European Union’s carbon dioxide emissions pricing measure on shipping.
Vessels calling at Singapore stand to shorten their port stays by using a new real-time information platform.
Castor Maritime, the busiest player to date in this year’s vessel sale and purchase market, has taken another step to diversify from its main dry bulk focus with a deal to acquire its third tanker.