Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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

UsernamePublicRestriction
UsernamePublicRestriction

Daily Briefing November 20 2019

Free to read: EU shipping emissions regulations: A sweet spot or a bureaucratic monster? | VLGC spot rates rise to five-year high | VLCCs and Japanese-built handysizes best bet for asset plays | UK chamber says political demands will pay for themselves

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


The push for the European Union to regulate shipping has reignited the dispute between environmentalists and shipping interests that fear the EU’s plans would distort the market, penalise ships that operate in European waters and undermine the role of the IMO as the global maritime regulator.

As traders lock in ships to source liquefied petroleum gas from the US, Canada, the North Sea and Australia because of disruption in Saudi Arabia’s oil facilities, freight rates are shoring up.

The gap between older crude tankers being scrapped and future demand uncertainty may produce a sudden spike soon. Meanwhile, on minor bulks, being built in Japan is an unmatched liquidity asset.


Analysis


Shippers and forwarders prepare to help carriers cover the extra cost of next year’s low-sulphur fuel, including some customers on annual contracts being asked to start paying an IMO BAF from December 1, reports Drewry.


Opinion


The Chamber of Shipping’s four-point political platform will largely pay for itself if its demands are implemented by the next government, chief executive Bob Sanguinetti tells Lloyd’s List.


Markets


Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters in the run-up to the 2020 sulphur cap regulations.


In other news


North P&I Club joins the ranks of International Group affiliates intending to impose the going rate of a 7.5% general increase at the next renewal round, and warns it expects its combined ratio for 2019/20 to top last year’s 105%.

Euroseas, an owner and operator of containerships, has further expanded its fleet.

All political parties should commit to ensuring Britain remains a major shipping centre, provide support for decarbonisation and training, and work for frictionless trade after Brexit, the Chamber of Shipping says.

Yemen’s Houthi militia have seized a tug that was reportedly towing a rig across the Red Sea.

Crude oil tanker giant Euronav has acquired two 14-year-old suezmaxes through a new joint venture to take advantage of what it expects to be a strong winter market.

BW Group is seeking to raise $101.3m by selling a 10% stake in very large crude oil tanker owner DHT Holdings.

Topics

UsernamePublicRestriction

Register

LL1129761

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

Cancel