Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

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


Daily Briefing February 17 2020

Free to read: Chinese owners and leasing banks dominate scrubber investment | PIL transpacific exit raises vessel deployment questions | Sellers challenged to find destinations for LNG cargoes hit by coronavirus

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

China Cosco Shipping has emerged as the biggest backer of scrubber technology, with 113 vessels totalling 17.9m dwt fitted, analysis shows.

Pacific International Lines is to withdraw from the transpacific market, where it runs a series of large-sized boxships.

The coronavirus outbreak may force diversion of about 20 LNG cargoes from February to April, Poten & Partners estimates. This exposes affected sellers to potential losses from resales of cargoes in an oversupplied market.


China’s slowdown in response to the coronavirus outbreak is likely to reduce the demand for liquefied petroleum gas by 3% this year. This will cut the demand for LPG shipments, upsetting freight rates.

The week in charts: Last year’s US-China trade war put the brakes on growth in the box market, while US seaborne crude oil exports hit a record high in December.


The Lloyds List Podcast: The European Parliament wants shipping put under the EU’s emissions cap and trade system and it’s not clear the industry has yet clocked the full implications of this latest political salvo. Meanwhile, in the UK, the government plan to create up to 10 freeports to ‘turbocharge’ trade in the wake of Britain leaving the European Union is raising political questions. We’re joined by the British Ports Association and the UK Major Ports Group to dissect what it means for the industry.


While the current dry bulk picture looks bleak, there are a few bright spots, according to shipbroker Howe Robinson. It expects better market conditions in the second half of the year.

In other news

This year’s Posidonia 2020 exhibition in Greece is set to be the largest in the 50-year history of the biennial maritime event, organisers have said.

The International Chamber of Shipping has urged the Panama Canal Authority to delay planned toll increases aimed at limiting traffic through the canal, claiming costs to shippers could rise by 30%.

The Baltic Capesize Index turning negative at the end of January is largely seen as a technical anomaly based on the way the index is calculated. Nevertheless it is counter-intuitive to have a headline figure in negative territory.





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