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Markets

Containers

Set Alert for Lloyd's List Containers :: Containers

Latest From Containers

Call for EU to reconsider consortia extension

Legal flaws in commission decision-making process mean proper evaluation is still required

EU Regulation

Environmental groups urge IMO to raise carbon reduction goals

Letter follows Mr Lim’s re-election as the International Maritime Organization secretary-general last month and urges pushing forward a carbon-free agenda in the next four years

IMO Environment

More than $1trn needed to meet shipping’s green initiative

If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn

Environment International

Port of Los Angeles weathers trade war storm

The port moved near-record cargo in 2019, with a total of 9.34m teu, only 1.3% below the 9.46m teu it moved in 2018 — the second-best year in its 113-year history

US States Ports and Logistics

Myanmar to build new port for China’s Belt and Road Initiative

Kyaukpyu’s location close to major shipping lanes would enable China not only to avoid the Strait of Malacca but also to gain a foothold on the edge of the Indian Ocean, which is a region of increasing strategic competition

Political and Trade China

Don’t mess with Chinese inspectors on the sulphur cap

Vessels seem largely compliant with the IMO 2020 rules, but the manifestation of the regulatory upheaval is more on the commercial side, where extraordinarily high bunker bills are causing payment delays and a shortage of yard slots is resulting in cost overruns of scrubber fitting

China International

Dry Bulk

Set Alert for Lloyd's List Markets :: Dry Bulk

China Merchants restructures Sinotrans Shipping

Sinotrans Shipping run a dry bulker fleet of 75 ships with 5.8m dwt in capacity while also having a stake in five Arctic LNG carriers co-invested in with state-owned China LNG and Prokopiou-controlled Dynagas

Asia Pacific Dry Bulk

Environmental groups urge IMO to raise carbon reduction goals

Letter follows Mr Lim’s re-election as the International Maritime Organization secretary-general last month and urges pushing forward a carbon-free agenda in the next four years

IMO Environment

More than $1trn needed to meet shipping’s green initiative

If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn

Environment International

Don’t mess with Chinese inspectors on the sulphur cap

Vessels seem largely compliant with the IMO 2020 rules, but the manifestation of the regulatory upheaval is more on the commercial side, where extraordinarily high bunker bills are causing payment delays and a shortage of yard slots is resulting in cost overruns of scrubber fitting

China International

Safe Bulkers signs sale and leaseback deal for eight ships

Safe Bulkers also entered into a three-year unsecured revolving credit facility with a $15m draw-down capacity

Safe Bulkers Dry Bulk

Dry bulk market sheds more value

There may be better times on the horizon following the signing of the much-anticipated phase 1 of the US-China trade truce. The agreement bodes well for agricultural shipments and tonne miles

Dry Bulk Market Insight

Tankers & Gas

Set Alert for Lloyd's List Markets :: Tankers and Gas

Latest From Tankers and Gas

China Merchants restructures Sinotrans Shipping

Sinotrans Shipping run a dry bulker fleet of 75 ships with 5.8m dwt in capacity while also having a stake in five Arctic LNG carriers co-invested in with state-owned China LNG and Prokopiou-controlled Dynagas

Asia Pacific Dry Bulk

South Korea to send forces to Strait of Hormuz

The move comes amid the current situation in the Middle East Gulf and the expansion of the unit's sphere of activity is to guarantee safety of South Koreans and freedom of navigation of vessels, South Korea's defense ministry said
Middle East and Africa Tankers and Gas

Libyan crude exports paralysis deals blow to aframax tankers

Some 940,000 barrels per day of crude oil have been temporarily removed from the global market as shipments remain blocked at export terminals

Tankers and Gas Middle East and Africa

Probunkers eyes order for LNG bunkers at Hyundai Mipo

Probunkers is hopeful of proceeding to final contract discussions with the yard ‘in the next month or so’

Tankers and Gas Bunkers

Environmental groups urge IMO to raise carbon reduction goals

Letter follows Mr Lim’s re-election as the International Maritime Organization secretary-general last month and urges pushing forward a carbon-free agenda in the next four years

IMO Environment

More than $1trn needed to meet shipping’s green initiative

If shipping is to fully decarbonise by 2050, this will require further investments of some $400bn over 20 years, bringing the total to between $1.4trn and $1.9trn

Environment International

Finance

Latest From Finance

China Merchants brings strategic investors to Brazil box terminal

Deal helps the Chinese port operator to optimise its equity investment structure

South America Asia Pacific

Safe Bulkers signs sale and leaseback deal for eight ships

Safe Bulkers also entered into a three-year unsecured revolving credit facility with a $15m draw-down capacity

Safe Bulkers Dry Bulk

Shipowners remain confident over PIL payments

Vessel owners chartering to PIL displaying full confidence in line

Finance Containers

Shipping’s response to shared, critical global risks must take the long view

Long-term risk is becoming focused on environmental threats, while short-term risk continues to highlight geopolitical turmoil. Shipping must not confuse individual events with trends

Environment Political Risk and Trade

Danish Dee4 Capital hits growth mode

The Copenhagen-based company, founded by Carsten Mortensen and Freddie Lee, has added a fourth product tanker to its portfolio

Denmark Sale and Purchase

China pledges funds to help Mexico build $8bn refinery

Critics suggest the investment is more of a political statement than a financial one as China seeks to exploit differences between the US and Mexico

China Mexico

Insurance

Latest From Insurance

The Interview: Andrew Yeoman

Insurtech Concirrus has gone from a standing start in 2016 to build a customer roster that includes some of the biggest names in marine insurance. Chief executive Andrew Yeoman explains how he came to shake up an entire sector

International Big Interview

Search continues after fatal tanker collision off Texas

Search and rescue efforts remain the top priority as the US Coast Guard looks for the remaining two crew members with flights, shore patrols and maritime searches

Tankers and Gas Casualty

Beazley puts UK regional marine lines into run-off

The lines collectively account for only 5% of the insurer’s overall global marine book

United Kingdom Insurance

Saudis defy global safety shipping rules to switch off AIS for Hormuz transits

P&I Clubs, including those that provide cover for Bahri, have warned that switching off AIS could invalidate insurance

Tankers and Gas Bahri

Hiscox adopts Concirrus marine hull analytics platform

The platform will include a new predictive pricing module, which Concirrus says will enable Hiscox to analyse existing portfolios in greater detail

Europe United Kingdom

Misdeclared lithium batteries caused fire on Cosco boxship

Burnt-out batteries were reportedly found in a container operated by Wan Hai, which was loaded at China’s Nanshan port and destined for Nhava Sheva

Asia Pacific Containers
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