Daily Briefing April 23 2021
Free to read: Tankers, gas and others to be excluded from EU green finance access | Euronav’s LNG-ready tanker order underscores decarbonisation dilemma for shipping | Carriers warned to avoid ‘ego-driven mass ordering’
Good morning. Here’s our quick view of everything you need to know today.
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Tanker, gas carrier and even dry bulk owners could lose access to European green financing under a new proposal by the European Commission.
Euronav has placed an order for two very large crude carriers with dual-fuel engines that can be powered by liquefied natural gas, as pressure intensifies on the shipping industry to decarbonise faster and think beyond the transitional marine fuel.
Container shipping carriers should be careful not to ruin hard-earned healthy fundamentals amid surging newbuilding orders, a leading industry analyst has warned.
A spurt in the capesize segment helped push the Baltic Dry Index to the highest level in more than a decade.
The underlying fundamentals in the tanker market remain weak as high stocks and a sluggish recovery in oil demand reduces seaborne oil import requirements, according to Maritime Strategies International.
Vale, Brazil's largest miner, has been ordered by local government to temporarily stop shipping services from its Guaiba iron ore terminal near Rio de Janeiro in Brazil.
Shipowners’ Club, the small craft P&I insurer, remains in the red despite reducing its underwriting deficit and its combined ratio for 2020, according to its annual report.
Terminal operator DP World has begun to claw back the volumes lost last year during the pandemic and expects the trading environment to remain strong in the near term.
British lawmakers are seeking a government review of plans for eight new freeports in England, with freight forwarders saying they will add little benefit.
Dynagas LNG Partners, the Greece-based liquefied natural gas carrier owner, has plugged the sole fleet employment gap on its horizon by entering a new two-year charter for the 155,000 cu m Arctic Aurora.
Brave Maritime, the diversified shipping company headed by Nicholas Vafias, has exercised options for two 40,000 cu m liquefied petroleum gas carriers to be built by Hyundai Mipo Dockyard.
Finnish technology group Wärtsilä is pursuing a spate of decarbonisation research and development projects with shipowners are still divided on the right way forward.