Daily Briefing October 29 2019
Free to read: China approves merger of shipbuilding giants | Trade war still denting confidence on transpacific trade | Shipping summit sets sights on safety, sustainability and skills
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
What to watch
The merger of China State Shipbuilding Corp and the China Shipbuilding Industry Co will create a shipbuilding giant with a combined revenue up to $141.5bn, according to some reports.
Analysis
Container trades between Asia and the west coast of North America are still struggling to ward off the impact of the trade war between China and the US, according to Drewry.
The Global Maritime Forum has invited more than 200 delegates to Singapore this week to seek solutions for a safe, clean, and efficient industry.
Opinion
The Lloyd’s List Podcast: The Podcast comes from Naples as our law and insurance expert David Osler talks over the legal challenges of autonomy, Brexit and 2020 sulphur rules with some of the shipping industry’s finest legal minds. Featuring this week are: Mans Jacobsson, the now-retired former director of the International Oil Pollution Compensation funds; Tiejha Smyth, a solicitor who now works as deputy director of freight, demurrage and defence at North Group; James Leabeater QC and Hamish McRae, one of Britain’s best-known economics commentators.
Markets
Brazil’s mining giant Vale anticipates slightly lower freight costs in the fourth quarter owing to a higher long-term chartered fleet.
In other news
Canada’s western province of British Columbia is joining the Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine bunkering service on the west coast of North America.
Salvage operations on the Indian-flagged product tanker that ran aground off Goa on India’s west coast last week are being hampered by rough weather caused by Cyclone Kyarr.
V ale has been given a corrective operation licence from the Brazilian government to be able to restart operations from its Samarco joint venture with BHP. Operations were suspended in November 2015 after a dam collapse.
The European Union is to retain crucial mandatory reporting requirements for vessels using bloc ports.
Japanese shipping giant K Line is building a woodchip carrier for a long-term contract with Nippon Paper Industries. The vessel will be delivered in 2022.
Insurance giant Marsh JLT Specialty has appointed Louise Nevill as chief executive of its UK marine and cargo business.
Diana Shipping has named its founder’s daughter as deputy chief executive officer and heir apparent.