Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


Daily Briefing October 17 2019

Free to read: Cosco Shipping’s tanker unit denies vessels are ‘going dark’ | A lesson for China tanker investors | Scrubber installations could reverse slow steaming 

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

Print this briefing

What to watch

Sanctioned Cosco Shipping Tanker (Dalian) says reports that its vessels have turned off their Automatic Identification System signals are not true. It blames constraints and errors of the AIS receiving technologies for the lack of tracking information of some vessels.

Over a fifth of global containership capacity is expected to be fitted with scrubbers by the end of 2020. If high-sulphur fuel prices fall, lines could be tempted to increase service speeds.


Trade tensions between the US and Europe are clouding the outlook for the transatlantic trade, according to analysis by MDST. The ongoing threat of tit-for-tat tariffs between the two trading blocs poses major questions over future capacity deployment, as carriers face the increasingly difficult task of juggling supply with demand.


Chinese retail investors have boosted the share prices of sanction-affected Cosco Shipping Energy Transportation, writes Cichen Shen. But these mom and pop investors may pay the price for their impetuous investment in the same way that many other much wealthier non-shipping players have experienced in the past.


The latest round of tariffs imposed by the Trump administration on Turkey's steel exports to the US will have little impact on the dry bulk market, analysts say, as volumes have been dwindling.

Pakistan LNG was tendering for the supply of 33.6m tonnes of LNG over 10 years but this has been cancelled due to inadequate demand, Reuters reports.

In other news

Malaysian floating production, storage and offloading vessel specialist Yinson Holdings has won a $5.4bn, 25-year contract from Petrobras for an FPSO in the Marlim field offshore Brazil in the north-eastern part of the Campos Basin.

The Tor Olaf Troim-backed owner, 2020 Bulkers, is to pay its inaugural monthly dividend in November 2019 when four of its six ships will have started operations.

Gazprom Neft has set up shop for the sale of marine lubricants ahead of one major maritime regulatory deadline in Singapore.

The European Union is being urged to introduce a tax on shipping fuels as part of a push to rein in carbon emissions.

Proposals submitted by Greece to the International Maritime Organization to reduce the main engine power of ships for environmental reasons have been endorsed by the Union of Greek Shipowners.





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts