Daily Briefing June 23 2021
Free to read: Hot shipping markets could pull banks back in | GoodBulk’s Radziwill says slow steaming should be mandatory | Supply chain change will take time
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
What to watch
Developments such as the current dry bulk spike and last year’s boxship boom could make shipping attractive enough for banks outside China to lend to owners for the first time since the post-financial crisis downturn, an industry audience has been told.
A prominent shipowner has said he supports the idea of mandatory slow steaming for the world’s fleet.
As shippers seek to build up resilience in their supply chains after the disruption of the pandemic, cargo owners are increasingly looking at sourcing their goods closer to home.
Analysis
The congested supply chain is likely to remain disrupted until at least the first quarter of next year, despite the best efforts of container lines to resolve the situation.
Marine insurance will probably conduct most routine business through online meetings once the pandemic restrictions are lifted, although new and/or more complicated business will still need to conducted face to face, according to participants at a webinar organised by Maritime London.
Markets
Hapag-Lloyd has ordered six new 23,500 teu containerships fuelled by liquefied natural gas and financed with green loans.
Capital Gas, the liquefied natural gas shipping arm of Evangelos Marinakis’ Capital Maritime Group, has placed orders for two more LNG carriers at Hyundai Heavy Industries.
In other news
Australia’s maritime union has called on health authorities to release 13 port workers forced to quarantine for alleged breaches of coronavirus protocols, after tests showed they posed no infection risk.
Norwegian car carrier Höegh Autoliners is considering listing on a public market to fund investments in up to 12 vessels that will be capable of running on ammonia through future modifications.
Japanese shipping groups Mitsui OSK Lines and K Line have both unveiled separate initiatives to research and develop a vessel to transport liquefied carbon dioxide.
Dry bulk operator Precious Shipping has secured a loan to refinance six dry bulk carriers from Crédit Agricole Corporate and Investment Bank.
Maritime Research Institute Netherlands and the ABS are starting the second phase of a wind-assisted propulsion project for shipping.