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Daily Briefing September 10 2019

Free to read: States must do more on sanctions compliance | Blockchain: Believe the hype |Shipyards losing race to retrofit scrubbers | The Lloyd’s List Podcast: LISW Day 1 Sanctions

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


Governments need to do more to help the shipping industry comply with sanctions, despite technological gains that have increased transparency in the sector, according to a leading marine insurance expert.

Shared opinions of the benefits that blockchain will bring to shipping were on display at the Lloyd’s List’s Forum on the opening day of London International Shipping Week.

The Lloyd’s List Transparency in Shipping Forum — Listen Live. We kicked off London International Shipping Week with an expert exploration of transparency in shipping, from sanctions risk mitigation to the technology pitfalls of opening up data sharing. You can listen to both panel discussions here.

The idea of developing freeports in the UK has been given a boost by the establishment of the Freeports Advisory Panel, which recently held its first meeting

Mounting delays at shipyards to retrofit scrubbers on vessels will keep at least 40 to 50 tankers off-hire for the remainder of the year, research consultancy Alphatanker said in its weekly newsletter.


Analysis


The development of low-carbon shipping technology should be a priority as the shipping industry prepares for the International Maritime Organization’s greenhouse gas targets, according to environment manager at Intertanko, Elfian Harun.


Opinion


The Lloyd’s List Podcast: LISW Day 1 — Red flags in a sea of transparency. In the first of our daily series of London International Shipping Week Podcasts, editor Richard Meade dissects the current sanctions risk facing shipping with the help of tanker tracker-in-chief Michelle Wiese Bockmann and input from the panel of experts pulled together to talk at Lloyd’s List’s Transparency in Shipping Forum.

The South Asia, Middle East and Africa region could see trade expansion through port infrastructure investment. The Lloyd’s List Smart Ports Forum, to be held in Dubai on November 20, will consider if smart ports are the future of regional growth, writes Richard Clayton.


Markets


Oil refineries globally have undergone record levels of turnarounds and extensive upgrading as they gear up to supply fuels compliant with the mandatory low-suphur transition imposed on international shipping.

Petronas-owned, tanker owner and operator MISC does not view the mandatory low-sulphur transition for international shipping as “a big shift’ for its vessel operations, said MISC board member Mohd Yusri Bin Mohamed Yusof during a panel session at the 35th Annual Asia Pacific Petroleum Conference.


In other news


China Merchants Port Group has approved an investment plan that will help extend its reach to the container feeder services segment through a bail out of distressed domestic carrier Antong Holdings

Hyundai Samho Heavy Industries has won support from South Korean compatriot shipping line H-Line Shipping with an order to build a liquefied natural gas carrier worth Won228bn ($191m)

Four seafarers remained missing on Sunday evening after a Marshall Islands-flagged car carrier capsized and caught fire in St Simons Sound near Georgia Port Authority’s port of Brunswick

The plight of the Stena Impero and the threats seafarers face in general from political and trade conflicts must not be forgotten, says a global seafarers’ charity

The UK needs a “shipping czar” to attract more shipowners and international charterers, according to Maritime London, which has set out 36 recommendations to boost the collective contribution of marine insurance, shipbroking, legal, finance and classification services

State-owned China Cosco Shipping Corp has appointed Fu Gangfeng as president, filling a role that has been unoccupied since the end of 2017

Tsakos Energy Navigation has confirmed an order for up to two new liquefied natural gas carriers as it eked out a small second-quarter profit with the help of a chartering strategy that easily outpaced the spot market

CMA CGM’s cost-cutting efforts have begun to pay off, with the French carrier reporting a $51 per teu decrease in transport costs in the second quarter.

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