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Daily Briefing September 6 2019

Free to read: Total readies for low-sulphur transition | Euronav gets funding for compliant fuel deal | Alternative fuel is the answer to decarbonisation goal | The Lloyd’s List Podcast: Your insider’s guide to London International Shipping Week

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


Total’s marine fuels unit is gearing up for an expected six-month long, low-sulphur transition starting from this October, global sales and business development director Jesper Rosenkrans tells Lloyd’s List.

Euronav, the very large crude carrier owner, has secured $100m funding to finance its first purchase of 2020-compliant fuel oil.

Alternative fuels can provide the answer for the shipping industry's long-term target of cutting carbon emissions, according to the new chairman of the International Association of Classification Societies Arun Sharma.


Analysis


Container shipping giant Maersk has combined rail and shortsea to offer a cheap, fast and sustainable alternative for Asia-Europe trade. With feeder connections at origin and destination, it hopes the flexibility and control offered to customers will prove a big draw.

The Digital Container Shipping Association may have only emerged early this year, but its genesis came out of the cyber attack on Maersk in 2017, which exposed the overly complicated nature of container shipping’s IT systems.


Opinion


The Lloyd’s List Podcast: Paddy Rodgers, the former Euronav chief executive and current director of Royal Museums Greenwich, looks ahead to the London International Shipping Week agenda with Lloyd’s List editor Richard Meade, considering everything from the domestic focus on Brexit to the global challenges that face the entire industry.

London International Shipping Week is brilliant at attracting people for a week of networking, deals and examining the world-class maritime services, writes Michael Grey.


Markets


Seaports in Georgia, South Carolina and North Carolina were preparing for the arrival of Hurricane Dorian late on Wednesday, as forecasters predicted storm surges and dangerous winds reaching as far north as the Chesapeake Bay, southern New England and Canada’s Maritime Provinces.


In other news


Seven of the 23 seafarers of the UK-flagged Stena Impero have been released by Iran, according to the vessel’s owner.

Clipper Bulk, an operator of smaller bulk carriers, has acquired three handysize vessels.

Samsung Heavy Industries has signed a contract with Zvezda Shipyard to design the ice-breaking liquefied natural gas carriers to be constructed at the Russian facility for the Arctic LNG-2 project.

Yangzuiang Shipbuilding has revealed the winning of more orders as the company has been striving to shore up its share price amid the continued absence of its chairman.

An Oldendorff bulk carrier has been towed by tug to a port in Singapore after suffering engine failure.

The UK’s Portsmouth City Council says its investment into Portsmouth International Port has had economic benefits that go far beyond the city limits.

The UK Club’s new Netherlands subsidiary will start writing European Economic Area P&I risks from September 20, the International Group affiliate has announced on its website.

Gas carriers owner Petredec has ordered two 22,000 cu m ethylene carriers from Jiangnan Shipyard, with an option to buy another two vessels.

Danish bunker supplier Monjasa said it has completed its first ship-to-ship supply of very-low sulphur fuel oil ahead of the 2020 sulphur cap.

Maersk’s bunkering unit is to partner with Koole Terminals to produce very low sulphur fuel oil in Rotterdam, helping to cover the carrier giant’s upcoming 2020 sulphur cap fuel needs.

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