Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Daily Briefing July 6 2021

Free to read: Majority of EU shipping emissions could be included in carbon market | Recycling rates hit 13-year high | Box bonanza to provide a decade’s operating profit in a year

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




Print this briefing


What to watch


Around 70% of shipping emissions from larger vessel voyages related to the European Union could be included in the bloc’s carbon market, a Lloyd’s List analysis of the bloc’s carbon dioxide emissions shows.

Scrapping rates surged to the highest point since 2008 this week, as high steel plate prices saw recycling yards across the Indian subcontinent compete for tonnage amid government-imposed lockdowns.


Analysis


Container lines stand to make a decade’s worth of pre-tax profit this year, a move that will set them up for the next few years no matter what happens to freight rates and capacity.

Between the lines: SeaIntelligence sheds light on carriers’ recent upturn in profitability off the back of volume gains and sharp increases in average global freight rates. The analysts also look at the impact of high freight rates on low-value cargo shippers.

Maersk has resumed voyages to Yantian as the congestion in the region eases but has warned the process will take some time to fully clear.


Opinion


The Lloyd’s List Podcast: Why container shipping will never be the same again.





Markets


Samsung Heavy Industries, a leading South Korean shipbuilder, has won an order for three liquefied natural gas carriers for Won654.5bn ($579m).

Taylor Maritime Investments, a dry bulk shipping investment vehicle that took a London mainboard listing in April, is already generating cash yields topping 30%, according to its inaugural trading statement.

Third-party shipmanagement is a highly competitive sector with the successful having to do more for their clients, but they do not necessarily expect to be paid more for this extra service.


In other news


Lloyd’s List Intelligence has teamed up with data analytics specialists SAS to develop a pioneering new artificial intelligence platform that interprets and understands complicated vessel movements automatically to detect compliance risk.

Zuyderzee Shipping will target minority stakes in vessels rather than companies and is working largely with family office money, managing director Edwin Jager has revealed in one of his first interviews.

Alfa Laval has entered a joint venture with Wallenius to develop the technology needed for fully wind-powered vessel propulsion.

The long-running dispute about the release of Ever Given has been resolved and the vessel will resume its voyage this week, more than three months after the incident that blocked the Suez Canal.

Israeli defence officials are investigating reports that a containership recently owned by Israeli tycoon Eyal Ofer-led Zodiac Maritime was attacked in the Indian Ocean during the weekend.

The Global Maritime Forum has appointed Johannah Christensen as its first chief executive.

Topics

UsernamePublicRestriction

Register

LL1137337

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel