Daily Briefing June 24 2021
Free to read: Spate of bulker orders could derail hot market trend | MSC puts its weight behind decarbonisation R&D fund | Yantian to focus on logjam as it resumes full operations
Good morning. Here’s our quick view of everything you need to know today.
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What to watch | Analysis | Opinion | Markets | In other news
What to watch
Dry bulk operators might be relieved at the news that the mammoth orderbook looks smaller than it was a few years back.
Mediterranean Shipping Co chief executive Søren Toft has used his first major appearance since taking up the role last year to give his support to the idea of an International Maritime Organization-backed research and development fund.
Yantian Port, a major export hub in Southern China, is poised to resume operations after having been largely closed for more than a month.
Analysis
An early peak season will see high freight rates extend throughout this year as shippers struggle to find space for their cargoes.
Weekly briefing: More container congestion | Active dry bulk market | How low can tankers go?
Opinion
Human-centred seafarer training was failing to keep pace with the evolution of technology before the pandemic. The arrival of on-demand digital learning has taught seafarers to trust technology, writes Richard Clayton.
Markets
Dwell times at the San Pedro Bay ports of Los Angeles and Long Beach were “slightly up” in May, according to the Pacific Merchant Shipping Association.
In other news
The insurer of Ever Given said an agreement in principle has been reached to release the ship from the Suez Canal.
MPC Container Ships, the feeder boxship specialist, has agreed to take over its smaller rival Songa Container in an effort to expand scale.