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Daily Briefing October 13 2020

Free to read: China prepares to restore foreign crew repatriation | IEA does not anticipate rapid drop in oil demand | How prepared is shipping for the next cyber attack?

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


China’s shipping agencies have been told to prepare for the resumption of foreign crew repatriation at domestic ports, but said the implementation is difficult without further government guidance.

Global oil demand may not plateau until the 2030s if new decarbonisation policies are not adopted, according to the International Energy Agency.


Analysis


With shipping increasingly being targeted by hackers, management teams will want to know how vulnerable their systems are and to prepare to respond, writes Daniel Ng, chief executive of maritime security provider CyberOwl.


Opinion


Lloyd’s List Podcast: ABS chief Christopher Wiernicki is our return guest to cover decarbonisation pathways, shipbuilding decisions, the threat of regionalism in climate change policy and why a rapid mindset shift is required from the shipping industry to keep up with the pace and scope of changes afoot.


Markets


The UK government is being urged to intervene in the ongoing dispute between owners and users of the port of Felixstowe amid significant congestion in recent weeks.


In other news


Globus Maritime, the dry bulk carrier owner, has made its first market acquisition for several years.

CMA CGM’s online systems are fully operational again, two weeks after the world’s fourth-largest container line was hit by a cyber attack.

Japan’s Mitsui OSK Lines has reported a bout of coronavirus on board one of its bulkers.

Storms off the coast of Vietnam during the weekend have claimed at least two ships, with the 1,076 teu CMA CGM Jakarta running aground and suffering serious damage after breaking its tow.

The world’s largest mega containership to run on liquefied natural gas is preparing to depart Singapore with a record load of boxed cargo bound for Europe.

China Merchants Port has issued $600m of perpetual bonds on the Hong Kong Stock Exchange as the state-owned giant continues to seek opportunities for overseas expansion.

Asahi Tanker has placed orders at two Japanese yards for the zero-emission, electric-powered bunker tankers it has committed to build under the e5 Consortium.

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