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Daily Briefing January 17 2020

Free to read: VLSFO blends face a prohibition push after black carbon emissions study | Tankers and LNG carriers will gain most from trade war truce | Exclusive interview with Concirrus chief Andrew Yeoman | Dry bulk market sheds more value

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


Very low sulphur fuel oil blends face a potential ban after a new study suggests they result in greater black carbon emissions than conventional heavy fuel oil or distillates.

The signing of the Sino-US Phase 1 trade deal offers US oil, liquefied natural gas, liquefied petroleum gas and agriculture producers a chance to substantially increase their exports to China.


Analysis


Opposition continues to mount against a proposal by the Trump administration to allow the transport of liquefied natural gas by railroad as attorney generals from 16 US states argued that potential leaks from the shipments pose risks of explosions.


Opinion


Insurtech Concirrus has gone from a standing start in 2016 to build a customer roster that includes some of the biggest names in marine insurance. Chief executive Andrew Yeoman tells Lloyd’s List how he came to shake up an entire sector.


Markets


The dry bulk market has been steadily shedding value since the start of the year, as strong fleet growth combines with weak demand side sentiment.

Djibouti has rejected a London Court of International Arbitration ruling that DP World should be handed back control of Doraleh Container Terminal following the premature truncation of an operating concession, and says that it is only prepared to offer compensation instead.


In other news


CMA CGM has launched a ‘second phase’ of development at its logistics business CEVA that will see chief executive Nicolas Sartini leave the company after little more than six months in the top job.

The US Coast Guard was continuing the search for two fishermen who went missing on Tuesday after their vessel collided with a chemical tanker and capsized off Galveston, Texas.

Coal storage and handling at a private port in Richmond, California have been banned following a vote by the city council, bringing threats of legal action by coal producers and port owners.

The Alliance has announced its expanded product for 2020 with the imminent participation of South Korean carrier Hyundai Merchant Marine as a full member.

Contships Management, the Nikolaos D. Pateras-led containership feeder company, has acquired another two vessels and shows no signs of halting its expansion in the sector.

Yilport is planning to widen its terminals ownership over the next five years as it seeks to expand its footprint as a niche global container terminal operator.

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