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Daily Briefing February 10 2021

Free to read: Pool claims set to top $500m and cost clubs A ratings | Cyprus urges practical global approach to seafarer vaccines | MSC secures crew change in Japan for stranded seafarers

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   |   Markets   |   In other news




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What to watch


International Group pool claims for 2020 have already topped $450m and are almost certain to exceed the half a billion dollar barrier as the year develops, according to industry sources.

Cyprus has proposed a global approach to ensure coronavirus vaccinations are effectively delivered to seafarers as a vital contribution to solving the worldwide crew change crisis.

Mediterranean Shipping Co said it has secured crew change in Japan for one of its vessels.

A buying spree of ultra-large containerships has boosted Yangzijiang Shipbuilding’s new orders won this year to $1.3bn.

Global Ship Lease has clinched deals to acquire seven older post-panamax container vessels and charter them back to operators for periods of at least three years each.


Analysis


India is set to experience the biggest increase in energy demand of any country during the next two decades as its economy continues to develop and bring greater prosperity to its citizens, according to a new International Energy Agency report.

Container equipment supply is expected to grow substantially this year as carriers and lessors seek to replenish their fleets, but the growth is unlikely to have any effect on the current shortage of boxes in the supply chain.


Markets


Hapag-Lloyd said it has secured almost $900m in green financing for its six mega boxships newbuildings.

HMM has reported its highest-yet operating profit after the South Korean carrier was boosted last year by rocketing container shipping rates.


In other news


DHT, an owner of very large crude tankers, is bringing forward drydockings and planned installations of scrubbers and ballast water treatment systems in light of the weak markets.

Peninsula Petroleum has made a landmark first delivery of liquefied natural gas bunker to the world’s largest LNG-powered bulk carrier.

Polish Oil and Gas Company received 35 liquefied natural gas cargoes amounting to about 3.76bn cu m last year, up nearly 10% from 2019.

Qatar Petroleum has sanctioned the North Field East development, which is billed as the world’s largest expansion project in the liquefied natural gas sector.

Leading shipping companies and associations have called on China to join the diplomatic and military efforts to tackle the escalating piracy threat off West Africa.

US containerised imports are expected to set new monthly records from now into the summer as the country’s economy continues to recover from the pandemic, according to retail experts.

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