Lloyd’s List
Latest From Lloyd’s List
The week in charts: Houthi attacks will continue | Newbuilding prices set to rise | Ship recycling recovery on hold | Chinese demand props up Russia oil exports
Robust weapons supply chain continues to support Houthi firepower, shipbuilders’ bulging orderbooks mean prices are set to creep up in 2024 and Russian crude oil imports hit eight-month high in China
Dark fleet insurance? Not reassuring
It’s 2024 and we still still have vessels ‘owned’ by anonymous brass plate companies, ‘flagged’ with fictitious ‘registries’, ‘IMO numbered’ with digits based on mum’s birthday, ‘classed’ by little-known ROs and ‘insured’ by shaky fixed premium providers. This isn’t progress
The Lloyd’s List Podcast: How long can Ukraine keep its grain corridor open?
Ukraine’s Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international agreement and most importantly without direct Russian interference. It is a critical route for grain export and many countries besides Ukraine have a vested interest in its continued operation. Ukraine says the military is key to the corridor functioning. This week we discuss how true this is, and whether or not a lack of military aid could really result in the route’s closure
US court clears path to CMB’s Euronav takeover
The US District Court for the Southern District of New York denied FourWorld Capital’s motion for an injunction against CMB’s US offer to buy all outstanding Euronav shares
The week in charts: Third-party spoofing hits Black Sea traffic | Record volumes of Russian oil shipped | Crude tanker newbuilding orderbook remains at historic lows
Saudia’s Red Sea box port traffic decimated by Houthi attacks, bulk carriers divert in record numbers from Red Sea and strong freight markets continue to reduce ship recycling candidates
Tipping point in the Red Sea
Wording of Conwartime and Voywar clauses are matters BIMCO could usefully revisit before the next crisis