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Markets

Containers

Set Alert for Lloyd's List Containers :: Containers

Latest From Containers

The week in charts: Security incident in UK waters; LNG carrier rates

Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

Tankers and Gas Dry Bulk

Søren Toft prepares for one of the biggest jobs in shipping with move to MSC

The Aponte family has taken the unusual step of recruiting an outsider to a pivotal role within the MSC group, but it has had to wait 12 months for Søren Toft to start his new job after leaving his former employer, Maersk

Containers Ports and Logistics

Container sector follows as manufacturing shifts south

The coronavirus backdrop and trade tensions have helped fast-track the manufacturing shift to Southeast Asia away from its traditional home in south China. While there is still a vast disparity in volumes, with China comfortably the region’s biggest exporter, there is an emerging chunk of cargo migrating south

Asia Pacific North America

Brexit: the final countdown for UK freight sector

With just over two months to go until the end of the transition period, the UK freight sector is preparing for major changes in how trades occur with the EU. But there are concerns that some businesses have not yet done enough to prepare for the new trading environment

Europe United Kingdom

Cosco confirms more super-sized boxship orders

Nantong Cosco KHI Ship Engineering Co will build three of the ships for $157.7m apiece, while Dalian Cosco KHI Ship Engineering Co will construct the remaining four at a similar price. Deliveries are scheduled for between the third quarter of 2023 and the same quarter of 2024

Asia Pacific Containers

The Lloyd's List Podcast: Behind the data — painting a picture of box trade flows

On our podcast this week, senior reporter and editor of the Lloyd's List magazine Linton Nightingale is joined by the chair of our editorial board Janet Porter and Container Trades Statistics chief executive Peter Webber. The trio chew the fat over the history of CTS and how it came to be, while analysing the latest container trade volume data which points to an unlikely peak season as the industry recovers from the initial impact of Covid-19

Europe United Kingdom

Dry Bulk

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

Bulkseas confirms Japanese kamsarmax purchase

Dry bulk carrier owner Bulkseas Marine Management has emerged as the buyer of an 11-year-old Japanese-owned kamsarmax

Dry Bulk Sale and Purchase

The week in charts: Security incident in UK waters; LNG carrier rates

Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

Tankers and Gas Dry Bulk

Maritime Markets Outlook: Tanker view; idle dry bulk carriers; scrubber gamble

In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late 2020 and early 2021 | Dry bulk markets with a focus on China’s steel figures | What idle dry bulk fleet figures tell us about the pace of China’s economic recovery | Shipping’s scrubber gamble

International Containers

Braemar sees silver lining for grain trade

Braemar analyst Nick Ristic sees the grain trade growing by almost 4% this year versus the previous season. He believes that Chinese imports of soyabeans from the US are set to improve over the coming months, following healthy sales activity between the two countries

Dry Bulk Capes

China tells ships to raise vigilance in Gulf of Guinea

Move comes amid rising attacks in West Africa’s Gulf of Guinea, where pirates are said by experts to have become more professional while the number of kidnapping cases has surged this year

Asia Pacific Middle East and Africa

Why shipping’s real leaders don’t join coalitions

Nailing down a definition of leadership in shipping has always proved hard. That’s because the industry is fragmented, which is a survival mechanism. Well-run companies don’t depend on membership of an alliance.

International Denmark

Tankers & Gas

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

Latest From Tankers and Gas

Fate of Nave Andromeda stowaways rests on law with origins in Achille Lauro tragedy

The Nave Andromeda’s master did the right thing to send out a mayday call to deal with threats from the seven stowaways that imperilled the product tanker’s safe navigation. Whether the men were exercising ‘control’ of the ship by the use or threat of force, and what this constitutes, will be central to any prosecution

United Kingdom Tankers and Gas

Rates rout for product tankers lengthens as pandemic hits transatlantic trades

The coronavirus backdrop is changing the established patterns of winter trading flows for refined products. Lockdown restrictions across Europe are decimating demand for middle distillates

Tankers and Gas Energy

The week in charts: Security incident in UK waters; LNG carrier rates

Lloyd’s List Intelligence data shows the route taken by the product tanker Nave Andromeda before it was involved in an incident involving UK special forces last weekend, including stops off the coasts of France and Spain. Meanwhile, LNG carrier rates have seen a recent lift

Tankers and Gas Dry Bulk

Stowaways still held as Nave Andromeda sails away

The product tanker Nave Andromeda has now left the UK. Lloyd’s List Intelligence tracking data show it heading for Antwerp

International Piracy and Security

Maritime Markets Outlook: Tanker view; idle dry bulk carriers; scrubber gamble

In this edition of the monthly maritime markets outlook: The link between floating storage and the tanker outlook for late 2020 and early 2021 | Dry bulk markets with a focus on China’s steel figures | What idle dry bulk fleet figures tell us about the pace of China’s economic recovery | Shipping’s scrubber gamble

International Containers

US increases sanctions on Iran’s petrochemical sector

Ofac noted that Iranian petrochemical sales remain a key revenue source for the regime, which benefits from a global network of entities facilitating the Iranian petrochemical sector. Parties involved in the sales as well as the brokers and myriad financial intermediaries were all slapped with sanctions

China Singapore

Finance

Latest From Finance

Second-quarter profit boosts ONE’s full-year forecast

ONE forecasts lower profits in the second half of the year amid uncertainties about the coronavirus backdrop and in anticipation of a slack season after the Chinese New Year. But the results are still expected to be much better than the previous fiscal year 

Asia Pacific Containers

Take BIMCO sale and leaseback template as roadmap, experts argue

The new standardised term sheet published by BIMCO will provide some useful guidance about how to put a term sheet together, but lawyers have warned that it is not a ‘silver bullet’ and the nuances of sale and leaseback make it difficult to draw up a ‘one size fits all’ template

International Finance

Carrier behaviour more important than credit ratings

As container lines prepare to publish what will likely be stellar third-quarter results, and bask in the glow of ratings agency upgrades, they must also keep an eye on a future that may not see the same levels of demand generated this year

International CMA CGM

UK tax law changes could hit shipowners anywhere, experts claim

Factors such as when crew members join a vessel, and how long they remain on board, will have a bearing on tax liability in the United Kingdom under new rules that come into effect in April next year. Brexit could also have an impact on social security payments

International Law

Greek bank comeback gathers pace

Five Greek banks have managed to maintain a presence in the ship finance market while a number of bigger and supposedly stronger international competitors have retired from the fray. They have shown themselves to be nimble of strategy and speedy in their response compared to international counterparts

International Greece

CIMC buoyed by surging container demand

CIMC said the average price for new containers had also ‘increased substantially’. The results come amid an ongoing shortage of container availability in Asia

Asia Pacific Containers

Insurance

Latest From Insurance

Britannia rate hike will be ‘in same ball park’ as other clubs

Britannia chief executive Andrew Cutler has revealed that owners of entered tonnage should brace themselves for rises of a similar magnitude to those already announced by International Group peers

International Insurance

Britannia warns on higher pricing, but sweetens pill with cashback

Britannia says it will not set a general increase in rates but will instead raise more premium income on a ship-by-ship basis, with money back for members

International Insurance

West of England defends ‘fair and reasonable’ 7.5% rate hike

P&I rates have been gradually eroding in real terms for a long period of time, which makes West of England’s 7.5% surcharge on next year’s premiums reasonable, according to the marine mutual’s chief executive. Other clubs in the International Group are likely to follow suit as well, he told Lloyd’s List

International Insurance

West weighs in with 7.5% surcharge

Move comes after International Group affiliate hinted at third successive pricing increase in annual report published in August, and with pool claims running at record high level for halfway mark

International Insurance

Marine insurance sector faces turbulence from climate change

Standard P&I club warns that the frequency and ferocity of the storms are increasing year on year, causing much more damage and generating very large and complex claims for marine insurers

International Insurance

Counterparty scrutiny spikes as supply chain risks rise

Counterparty risks across the entire supply chain have increased as the liquidity crunch caused by the pandemic presents strong headwinds globally for shipping. Experts warn that the industry will be increasingly subject to forensic probes into corporate governance and financial stability as a result

Political Risk and Trade Insurance
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