Daily Briefing June 15 2020
Free to read: Thenamaris rules out further Venezuelan tanker trips | Registry investigates newly flagged tankers over AIS gaps | The Lloyd’s List Podcast: How to make ship recycling sustainable | UN calls for action on crew repatriation
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
What to watch
A Greece-based tanker, bulker and gas carrier owner has ruled out further oil shipments from Venezuela while US sanctions are in force against the South American producing country.
The Cook Islands flag registry is investigating two tankers that appear to have loaded crude or fuel oil in the Middle East Gulf region while there were gaps in its Automatic Identification Signal.
Lloyd’s List Podcast: We are talking ship recycling on the podcast this week. Specifically, how we drive positive change and move this conversation on beyond the finger pointing politics that has dominated the scrapping debate for years. This edition features speakers from Standard Chartered Bank, Lloyd's Register, Norden and The Sustainable Shipping Initiative.
UN secretary-general António Guterres has joined the chorus of voices calling on governments to address the issue of repatriation of seafarers as the coronavirus backdrop continues to prevent crew changes.
Analysis
The Week in Charts: New Lloyd’s List Intelligence tracking data show that around 33 clean product tankers laden with surplus or unsold gasoline, diesel and jet fuel are now anchored off the coast of West Africa, while new container throughput figures present a mixed picture for Californian ports.
RansomwareE attacks targeting shipping companies have seen a big increase in the past year, according to security sources who say the industry has struggled keep up with the threat.
Opinion
With new technology ships, the next-generation must pursue more integration in systems to provide future-proofing and better display their key selling point — an ability to reduce cost and increase revenue for shipowners. Shipowners and charterers should also join such efforts, in addition to yards and equipment makers.
Markets
The Baltic Exchange’s liquefied petroleum gas index is dropping towards $27 per tonne and could fall below that figure for the first time in 16 months as the list of available tonnage builds.
High levels of inventory and weak consumer spending are likely to put a damper on any potential return to normal US container import volumes, despite moves to reopen the economy.
Tokyo-based Itochu Corporation said it is working with global land-based storage provider Vopak to research and develop an ammonia fuel supply network in Singapore.
In other news
Zero emissions vessels will not be enough for shipping to contribute sufficiently to global decarbonisation, according to a UK study.
The International Maritime Organization plans to hold informal negotiations on the reductions of emissions from the existing fleet.
Capital Link will be a digital event this year because of social distancing requirements. The real difference, though, lies in the content, which is focused on ship operations and not finance.
Epic Gas has confirmed the death of one of its chief engineers on board an LPG vessel.
Greece’s highest administrative court has ruled that the Cosco-controlled Piraeus Port Authority can establish a shipyard in the shipbuilding and repair zone of Perama, not far from Piraeus port.
Singapore-based Saga LNG is looking to build up its fleet to 10 mid-sized tankers to meet growing demand to ship liquefied natural gas to second-tier import terminals in Asia.
Team Tankers, the chemical tanker owner, plans to delist from the Oslo Stock Exchange.