Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Daily Briefing January 8 2021

Free to read: Container market recovery extends through November | Container lines set to blank fewer sailings | Crew-change restrictions tightened to combat mutant coronavirus

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




Print this briefing


What to watch


Transpacific box traffic has continued to surge, with headhaul teu totals up by more than a third on the year-ago level in the latest reporting month.

Container lines look set to blank far fewer sailings around Chinese New Year than in previous years as strong ocean freight demand continues on the major trades.

Several countries across the world have tightened restrictions on ships entering their ports to curb the spread of a new, highly contagious variant of coronavirus.


Analysis


Hong Lam Marine’s executive chairman Lim Teck Cheng does not view the coronavirus pandemic as a bane so far for his Singapore-based bunker craft business.


Opinion


Senior officers are said to be under such pressure today that they have no time to share professional knowledge with their shipmates. But mentoring is easy to do, has real value, and can be done by everyone, writes Richard Clayton.



Markets


The Japan Club has confirmed a 10% general increase and higher deductibles for impending renewals, citing the impact of coronavirus, two unspecified ‘significantly large’ claims on its own book, and the record level of major claims on the International Group pool scheme.


In other news


The top global bunkering hub of Singapore has taken a step towards the use of blockchain technology in its bunkering sector and in the process ease some of the transparency concerns that have arisen amid the Hin Leong scandal of 2020.

Imabari Shipbuilding and Japan Marine United have pledged to regain global competitive edge through a new joint venture between the major Japanese shipbuilders.

Maersk is to establish a dedicated team to accelerate the company’s decarbonisation efforts and ensure that the decarbonisation agenda is embedded in the business.

Odfjell, the chemical tanker owner, is considering issuing a sustainability linked-bond as it seeks to rapidly reduce its carbon footprint.

Scorpio Bulkers, the US-listed owner that is exiting the dry bulk market in favour of the renewables sector, is to change its name.

Malaysia’s exports of palm oil are set to reach an all-time high, delegates to a conference have heard.

Topics

UsernamePublicRestriction

Register

RS150923

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel