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Daily Briefing April 21 2021

Free to read: Shipping added to new UK emissions targets | Cyprus launches debate on long-term maritime strategy | Skilled crews are key to shipping’s decarbonisation aims, says Synergy chief

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 US will push the International Maritime Organization to commit to zero greenhouse gas emissions from international shipping by 2050. That represents a major step up from its current goal of reducing GHG emissions from international shipping by at least 50% by 2050 compared to 2008 and the move from the US will add considerable pressure on the IMO to adopt a shift to full decarbonisation when it revises its strategy in 2023

The UK is to include international shipping in its new national emissions reduction targets.

Cyprus has launched an open consultation exercise with the aim of forging a long-term strategic vision for its shipping industry.


Analysis

 

Shipmanager Synergy Marine’s chief executive Rajesh Unni tells Lloyd’s List how decarbonisation as a joint responsibility, with shipmanagers at the heart of the transition.

 

Digitalisation of the global supply chain has accelerated, encouraged by an uptick in e-commerce amid the global pandemic.

Ports can play a pivotal role in the decarbonisation of shipping by using their position in the industrial and energy supply chains to encourage the transition to green energy.


Markets


Five of the 13 members of the International Group saw a decline in owned entered tonnage at this year’s renewal round, despite the added release call costs of changing P&I club, according to analysis produced by Marsh JLT Specialty.

Shipbrokers Simpson Spence Young Futures said it has completed the first new handysize forward freight agreement contracts based on a 38,000 dwt vessel.


In other news


Two members of the crew of Ever Given (IMO: 9811000), the boxship whose grounding caused a six-day shutdown of the Suez Canal last month, have been allowed to leave the arrested ship by way of a humanitarian gesture.

Norden, a Danish shipowner and operator, said it has carried out a number of asset trades in recent weeks to capitalise on market opportunities.

A scorching containership market that has pushed vessel prices higher appears to have tempted Capital Product Partners into selling two neo-panamax ships for $195m to an unidentified buyer.

Standard Chartered has joined the Poseidon Principles initiative, which aims to align lenders’ shipping portfolios to climate goals.

The US has expressed “deep concern” over Russia’s plans to block “foreign naval ships and state vessels” in parts of the Black Sea, including near Crimea and the Kerch Strait.

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