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Daily Briefing September 5 2019

Free to read: Iran to release seven Stena Impero crew | Maersk vessel at centre of UK’s biggest heroin seizure | Novatek and Sovcomflot agree joint shipping venture

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


Stena Bulk has welcomed a report that members of the detained UK-flagged tanker Stena Impero crew will be released.

Heroin with an estimated street value of  more than £120m ($146m) has been discovered on a Maersk vessel in Felixcstowe in what is said to be the UK's largest ever seizure of the drug.

Sovcomflot and Russian gas producer Novatek are to set up a joint shipping venture to manage liquefied natural gas vessels for new projects.


Analysis


Alleviating its heavy debt burden after expensive acquisitions this year is believed to be the rationale behind CMA CGM’s reported seeking of a buyer for terminal assets held by its wholly-owned subsidiary CMA Terminals, according to Alphaliner.


Opinion


Lloyd’s List kicks 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.

A new memorial unveiled this week in the UK commemorates merchant seafarers and fishermen who have lost their lives in conflict. But it should also raise awareness of what seafarers do, writes Richard Clayton.


Markets


The Port of Miami has declared itself open for business, after the US Coast Guard lifted the Port Condition Zulu restriction imposed on Sunday because of the potential threat from Hurricane Dorian.


In other news


Singapore’s first bunker tanker to run on liquefied natural gas signifies the momentum in the industry to adopt the clean-burning LNG as a marine fuel, says Maritime and Port Authority of Singapore chief executive Quah Ley Hoon.

Many countries have yet to transpose the International Maritime Organization’s global cap on sulphur in marine fuels into their national laws.

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