Daily Briefing July 17 2020
Free to read: Crew crisis: China-bound bulk carriers divert to Philippines | Hin Leong owners sell repossessed vessel | Shipping makes a foray into live streaming
Good morning. Here’s our quick view of everything you need to know today.
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What to watch | Analysis | Markets | In other news
What to watch
Several dozen China-bound bulk carriers have diverted to Manila as they loaded or delivered iron ore cargoes from Western Australia over the past seven weeks.
The owners of Singapore oil trader Hin Leong have sold a tanker they took back from the operating fleet of the company's shipping affiliate, Ocean Tankers, to bunker supplier Fratelli Cosulich.
Analysis
The new e-commerce model, which has become a powerful weapon for consumer goods makers to boost sales, is now attracting interest from shipping players. It has met with varying degrees of enthusiasm however.
Markets
Anglo American has cut its full-year guidance for thermal coal export volumes, citing coronavirus-related restrictions in South Africa and Colombia.
Cosco Shipping Energy Transportation has seen its bottom line boosted by a frenzy in the oil shipping market during the first half this year.
Loaded import volumes across the three main US west coast container hubs fell 7% in June, giving little indication of the hoped-for recovery of freight demand.
In other news
Incidents of serious crime at sea almost doubled in Asia in the first half of this year, according to a new report.
The recent legal decision on a negligence claim brought by the widow of a shipbreaking yard worker who died while helping to demolish a Maran Tankers VLCC in Bangladesh provides further confirmation that a shipowner’s liability may not end at the point of sale for scrapping, argues Watson Farley & Williams.
GasLog and its subsidiary GasLog Partners, that are separately listed on the New York Stock Exchange, have agreed a trio of new bank deals worth $1.1bn.
Major Malaysian energy logistics player MISC has confirmed that it has sealed a 15-year sale-and-leaseback deal for six newbuilding 98,000 cu m very large ethane carriers with Shanghai-listed Zhejiang Satellite Petrochemical.
Australia’s Port of Newcastle has hired new executives to run its stalled container terminal project, which has been on ice for years regarding a complicated privatisation dispute before the Federal Court.
Castor Maritime, the Nasdaq-listed owner of four panamax bulk carriers, has raised further funding to support its expansion plans.
Singapore-listed Sembcorp Marine has been forced to halt all production activities since April and has been forced to defer the execution of projects on its orderbook owing to coronavirus-related workforce disruptions.
Mitsui OSK is among nine Japanese companies taking part in an initiative to study carbon recycling technologies for green shipping.
Erma First, a Greece-based designer and manufacturer of ballast water treatment systems, has appointed Stelios Kyriacou as its new chief technical officer with an eye on expanding its product range and entering new markets.