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Daily Briefing July 15 2020

Free to read: Crew change commitment failing on the ground | From logistical puzzle to conundrum — the V.Ships view of the crew crisis | Decarbonisation is not enough for the sustainability generation

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


Most of the 13 countries committing to end the crew change crisis that’s stranded more than 200,000 seafarers worldwide do not have immigration, travel or health procedures that easily facilitate their transfer.

Shipowners who put their hand in their pocket to cover the inflated cost of repatriating seafarers have been applauded by the head of V.Ships crew management.


Analysis


From the News Desk: Only one third of scheduled crew changes are currently taking place around the world and there is still confusion about when and where they can happen.

Industry groups are calling on California’s lawmakers to act to reverse the loss of market share as discretionary container volumes continue to decline at the state’s ports.

Bloc-x, a newcomer to the freight derivatives market, is looking to expand into iron ore futures and dry bulk forward freight agreements.


Opinion


There are 17 United Nations sustainable development goals. These goals are entwined and must be addressed together. The sustainability generation is demanding a fair, equal, and just society, writes Richard Clayton.


Lloyd’s List awards: A revised list of categories and criteria has been created to recognise not only high standards in maritime, but also the resilience and innovation shown by the industry in the face of unprecedented adversity.



Markets


Container lines will come under pressure to maintain pricing discipline as demand returns to the market in the latter part of this year.

With the coronavirus backdrop ravaging supply chains, Chinese iron ore importers are increasingly looking towards new sources for the steel-making raw material. However, any changes in Chinese iron ore import policy could shake up the dry bulk segment.


In other news


China Merchants Port is making inroads into Greece’s maritime sector after signing a co-operation deal with Thessaloniki Port Authority.

The UK’s post-Brexit plan to create the “world’s most effective border” will be challenging for ports to implement, according to senior sector sources.

A resurgence in demand and disciplined reduction in supply mean that a rebalance in the oil market is edging closer, according to the Organisation of the Petroleum Exporting Countries secretary-general Mohammed Barkindo.

The widow of a shipbreaking worker who died while helping to demolish a Maran Tankers VLCC in Bangladesh can sue for compensation in the UK.

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