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Daily Briefing September 1 2020

Free to read: China Merchants terminal deals with CMA CGM stall amid ‘diplomatic’ tensions | BW LPG bets on ammonia for zero-carbon future | SITC orders six containerships at Yangzijiang for $126m

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


Two of the terminals that CMA CGM planned to sell to its joint venture with China Merchants Port in the first half of the year are still pending regulatory approvals from the local authorities in India and Vietnam, according to the Chinese company.


Analysis


The BW LPG chief executive says the company is betting on ammonia as a pathway to carbon neutral and ultimately zero carbon fuels as the conversion from LPG propulsion to ammonia will not require a big investment.

Japanese line K Line is taking a step forward to develop carbon capture technology in the maritime sphere with a two-year project to test a small-scale, marine-use demonstration plant for carbon dioxide capture on board a vessel.


Opinion


The Lloyd’s List Podcast: Berge Bulk chief executive James Marshall tell editor Richard Meade how he plans to get its 75 vessels to become a net zero-carbon fleet by 2025. He explains why existing technology can get you nearer than you think and why nuclear reactors on board vessels should be back on the table as an industry option.


Markets


Intra-Asia focused container line SITC has made a firm order for six 1,800 teu containerships at Yangzijiang Shipbuilding, along with options for another six.


In other news


Maybank has emerged as the first lender to have appointed a receiver for tankers mortgaged in favour of loans on the fleet held by Hin Leong Trading’s affiliates.

Singapore-based Global eTrade Services’ Calista supply chain platform has picked up another partner, signing on emerging maritime eCommerce platform Marine Online.

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