Daily Briefing June 21 2021
Free to read: IMO needs to resolve its trust issues | Shipping industry left frustrated by MEPC 76 outcome | The Lloyd’s List Podcast: Shipping has an image problem
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 | Opinion | Markets | In other news
What to watch
Lessons should be learned from the vexed exchanges seen inside MEPC this week — the IMO cannot expect external observers and industry to trust a body whose members have a difficult time trusting each other.
Shipping and environment groups were united in frustration after the International Maritime Organization’s environment body ended another round of talks with little agreement on pressing questions of how to decarbonise maritime transport.
Governments have agreed to start considering mid- and long-term measures on shipping emissions, including a proposed $100 greenhouse gas levy.
Mitsui OSK Lines, the Japanese shipping group, has revamped its decarbonisation strategy by unveiling aggressive emission-cutting targets and a $2bn investment plan.
Analysis
An in rem judgment in a collision action can be deployed against the shipowner in later in personam proceedings, even if it took no part in the original claim, the Admiralty Court has held.
West coast ports impacted by trade congestion caused by rising coronavirus infections in China are facing further disruption after California issued a state of emergency advising ships at berth to disconnect from shore power.
Opinion
The Lloyd's List Podcast: Shipping has an image problem.
The week in charts: China-Australia iron ore trade | Transpacific boxship deployment | Yantian congestion
Markets
The secondhand bulker market is rife with activity given the strong freight rates.
In other news
The operator of X-Press Pearl says plans to remove the sunken boxship are being postponed due to a monsoon affecting Sri Lanka.
C Transport Maritime, a dry bulk management company, is taking over commercial management of the Premuda bulk carrier fleet.
SITC, the China-based intra-Asia focused container line, says it expects a first-half profit due to the rise in demand for container shipping.
Mitsubishi HC Capital, a Japanese financial company, said it has agreed to buy CAI International, a San Francisco-based global transportation company offering intermodal container leasing and sales.
The European Commission has approved Greek state aid of €166.7m to construct a new liquid natural gas terminal in the northern Greek port of Alexandroupolis.