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Daily Briefing December 18 2019

Free to read: Industry proposes mandatory $5bn decarbonisation research and development fund | Cartel fears behind block exemption disquiet | Coal demand to be stable to 2024, IEA says

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


Industry associations are calling for the establishment of mandatory payments from shipping companies to fund an independent research and development body that will help accelerate maritime decarbonisation.

We asked Lloyd’s List readers and key market participants what they thought would be the key issues shaping shipping over the next 12 months and the results point to another year of uncertainty in 2020, underpinned by political, technological and regulatory disruption.


Analysis


The European Commission’s decision in principle to extend the Consortia Block Exemption Regulation for another four years has drawn mixed responses from across the wider container shipping community.


Opinion


The Lloyd’s List Podcast: We have been polling the industry on everything from AI to zero carbon fuels and the results formed the backbone of the discussions at our annual Outlook Forum in London. The podcast offers you a few highlights from last week’s event including views from Citi, Shell and Intertanko


Markets


Global coal demand will continue at stable levels through to 2024, according to the International Energy Agency.


In other news


The vehicle for the dry bulk shipping activities of Peter Livanos and family, DryLog, has unveiled a new joint venture with the steel and mining giant ArcelorMittal.

Avance Gas, a Norwegian owner of 14 very large gas carriers, has entered into an agreement for two new 91,000 cu m vessels to be built at the Daewoo Shipbuilding & Marine Engineering yard in South Korea.

CMA CGM is tapping Shell for the supply of a marine biofuel blend to power ocean-going containerships.

The number of crew abducted from the Marshall Islands-flagged Duke off Nigeria has been confirmed as 20, according to shipmanager V.Ships.

DP World has topped off its takeover of Topaz Energy and Marine by officially folding it into its Dubai-based marine solutions and logistics unit P&O Maritime Logistics.

Maersk has reshuffled its executive board following the departure of former chief operating officer Søren Toft.

Cyprus is eyeing gains for its shipping registry and resident maritime cluster after the European Union approved its tonnage tax regime for another 10 years.

Mitsui OSK Lines has agreed a deal to conduct a joint study of a hybrid pure car carrier equipped with a hydrogen fuel cell system and large-capacity batteries.

China Navigation Co’s Swire Shipping unit is tying up with Hawaii-based Matson to provide a new Pacific service.

Zeamarine has dramatically ditched managing partner and co-founder Jan-Hendrick Többe and appointed consultant Sven Lundehn to chair the board. He will undertake a restructuring exercise at the company, according to a source aware of the situation. Sister companies in the Zeaborn Group are unaffected.

Slips, trips and falls at sea cost the American Club some $85m over a six-year period, according to a survey of available data produced by the International Group affiliate in collaboration with classification society ABS and Texas-based Lamar University.

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