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Daily Briefing December 3 2019

Free to read: Scrubber payback seen within a year as fuel oil spreads stay wide | Biofuels approaching commercial use | Top Ten: Technology

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

A new report suggests big ships are forecast to be able to recoup the cost of exhaust gas scrubbers relatively quickly. The numbers were not so compelling for dry bulk carriers.

The introduction of sulphur limits from January 1 is likely to provide a boost for biofuels as the cost differential between the two falls.

MAN Energy Solutions tops our list of technology businesses that have made the greatest contribution to changing the shipping industry for the better in 2019.


Nam Cheong, the Malaysian offshore supply vessel ship builder and charterer, is making inroads into the chartering market and is considering moving into offshore engineering next, chief executive Leong Seng Keat tells Lloyd’s List.

Inmarsat’s Fleet Data platform is gaining wider acceptance, sealing perhaps its biggest deal yet with an agreement with ABB Marine & Ports. Inmarsat Maritime vice-president for Business Development Stefano Poli spoke to Lloyd’s List.

A plan that could lead to a 0.1% sulphur emissions limit in the Mediterranean Sea will be considered at a meeting of ministers from the 21 Mediterranean states and the European Union.


The Lloyd’s List Podcast: This week, we’re crunching the numbers and offering up a market forecast with Lloyd’s List Intelligence’s analytical oracle Christopher Pålsson and our own Editor and regular Podcast host Richard Meade. The pair talk through everything from growth trends to regulatory risk in their consideration of the dynamic trends that will be shaping shipping markets in 2020.

What will be the key issues shaping shipping during the next 12 months? Take part in the Lloyd’s List Annual Market Survey and have your say on the big questions that will determine the shipping market outlook for 2020.

Environmentalists are seeking to block the dredging of important shipping channels in the San Francisco Bay area on ideological grounds, writes Eric Watkins.


A fall in grains export activity from the Ukraine and Russia is bearish for bulker demand in the region, according to grains consultant Jesper Buhl. The drop has come a month and a half early.

The merger of two of China’s largest state-owned shipbuilders faces fewer regulatory hurdles when compared with a South Korean counterpart, a senior Chinese shipbuilding official has claimed.

In other news

Two Japanese major shipbuilders, Imabari Shipbuilding and Japan Marine United, are close to reaching a tie-up deal as rivals in South Korea and China consolidate.

Industry groups say India’s accession to the Hong Kong Convention on ship recycling marks the final step toward enactment of the regulation.

The Competition Authority of Singapore notes that Hyundai Heavy Industries and its proposed merger partner Daewoo Shipbuilding & Marine Engineering are major players in the shipbuilding sector. The regulator is concerned the merger will remove competition between the two biggest builders.

West of England Shipowners Mutual Assurance Association has raised P&I premiums by 2.5% for 2020, a third of the increase seen by other International Group affiliates.





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