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Daily Briefing July 12 2021

Free to read: China sees shipping as a potential target for national carbon market | Regional freight rates set to follow main lane trades | The Lloyd’s List Podcast: Why shipping is not going to get any sanctions risk relief

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




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What to watch


China is exploring the idea of adding shipping into a national carbon trading market as a way of decarbonising the country’s maritime sector, according to a government official.

Shippers operating on regional routes have been warned to brace for impact as the capacity constraints seen on the main lanes cascades to the minor trades.

UK sanctions are increasingly likely to diverge from those imposed by the European Union or the US, presenting marine insurers with an additional set of rules to stick to, an industry audience has been told.


Analysis


European freight forwarders have called on governments to ensure a “level playing field” in the maritime supply chain by ensuring that shipping companies’ logistics businesses are taxed in line with others operating in the same market.

From the News Desk: The lessons and the aftermath of the Ever Given incident.

The week in charts: Sky-high scrapping rates | Buoyant bulker FFA volumes | Relentless box charge


Opinion


The Lloyd's List Podcast: Why shipping is not going to get any sanctions risk relief.





Markets


President Joe Biden will issue an executive order for US government departments and agencies to tighten their scrutiny of railroads and ocean carriers amid a broader effort to crack down on anticompetitive behaviour in freight transport.


In other news


Singapore remains the top shipping centre for an eighth consecutive year, according to the latest rankings by the Baltic Exchange.

Singapore has further tightened its crew-change rules. A Maritime and Port Authority circular said new “enhanced” requirements were to protect seafarers and Singapore’s people.

Paulo Enoizi, chief operating officer of GasLog Partners, has been appointed as chief executive of the New York-listed liquefied natural gas carrier owner.

Abu Dhabi has taken its plans to become a green ammonia bunkering hub one step further.

Shipowner George Prokopiou has said Hellenic Shipyards may “eventually” resume commercial shipbuilding among other activities.

Sovcomflot has chartered out another two 174,000 cu m liquefied natural gas carriers to TotalEnergies for up to seven years.

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