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Daily Briefing September 15 2020

Free to read: Carriers summoned by China to curb transpacific mark-ups | Pandemic to knock 1bn tonnes off sea trade | Cargo interests launch new safety body | Oil trades stalling as global inventories soar

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   |   In other news




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What to watch


Government authorities in China have summoned a string of container shipping lines, with the intention of reining in soaring transpacific rates.

World trade by sea will be down by an estimated 1bn tonnes due to coronavirus, but the worst pain may already be over, according to Clarkson Research’s managing director Stephen Gordon.

A group of five organisations involved in containerised freight transport are to collaborate on new guidance on packing standards for containers and other cargo transport units in an effort to reduce the incidence of fires on board box ships.


Analysis


Crude stockpiles breaching multi-year highs have come to compromise oil trade and the associated shipping demand, according to Trafigura’s co-head of oil trading Ben Luckrock.


Opinion


Lloyd’s List Awards 2020 entry deadline extended: The event, which will showcase how the industry has adapted and advanced in the face of the pandemic, is the opportunity to tell your company’s story of 2020 to a global shipping audience.


The Lloyd’s List Podcast: With shipping voices again urging governments to live up to their moral and legal obligations over the Maersk Etienne impasse, we talk to Danish Shipping’s Maria Skipper Schwenn about the growing frustration within the industry and review the latest developments with two journalists following the story, Janet Porter and David Osler.


In other news


Chemicals maker Dow is to sell three US Gulf coast terminals to a joint venture owned by BlackRock and Dutch tank terminal operator Vopak for $620m.

Fidelity International, the global investment manager, is pushing for a “multilateral approach” to resolve the ongoing crewing crisis, which it says threatens the health and safety of seafarers as well as global supply chains.

An inquiry is under way after a Mediterranean Shipping Co boxship hit a gantry crane in Valencia, Spain.

A marine biofuel tested on a Stena Bulk vessel cut the ship’s carbon dioxide emissions by 40% compared with conventional heavy fuel oil.

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