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Markets

Containers

Set Alert for Lloyd's List Containers :: Containers

Latest From Containers

The week in charts: Tanker earnings conundrum | China front and centre of global supply chains | Unrelenting box rates

A downtrodden tanker market could come under renewed pressure once US sanctions on Iran’s oil and shipping sector are lifted, while China container exports are on track to bounce back to pre-pandemic levels to ensure it holds on to to its ‘factory of the world’ crown

Asia Pacific China

A binding commitment

The pandemic has shown the weakness of box shipping’s laissez-faire relationship with contracts. Now both carriers and shippers can see the benefits of mutually assured commitments

International Hapag Lloyd

Chinese New Year fails to deliver rate respite

Spot rate resilience over the Chinese New Year indicates that factors propping up prices have still to be alleviated. Cargo backlogs, port congestion, equipment shortages and sustained high volumes mean shippers are still being charged premiums on the trunk trades

Asia Pacific Europe

Policy advisers press Beijing to ramp up greener shipping

Shipbuilding experts told the CPPCC conference in Beijing that the country is lagging behind its competitor nations in backing the development of future marine fuels and zero-emission vessel technologies

Asia Pacific Containers

Dry Bulk

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

Policy advisers press Beijing to ramp up greener shipping

Shipbuilding experts told the CPPCC conference in Beijing that the country is lagging behind its competitor nations in backing the development of future marine fuels and zero-emission vessel technologies

Asia Pacific Containers

Eagle Bulk seeing signs of global economic recovery

The company says it will likely achieve the highest time charter equivalent rates in more than nine years in the first quarter given the rising market, particularly for supramaxes in which it specialises

International Dry Bulk

China removes port construction dues to boost growth

The government started to remove the dues from March 2020, in a bid to alleviate cost burdens for the country’s exporters and importers

Asia Pacific Containers

Shipping warned over piracy attacks in Sulu Sea

An attempted boarding involving a 56,045 dwt bulk carrier, Akij Pearl, was reported by the Philippines coast guard off Sibutu Island, Tawi-Tawi, Philippines on March 3 at about 1045 hrs

Philippines Dry Bulk

Tankers & Gas

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

Latest From Tankers and Gas

The week in charts: Tanker earnings conundrum | China front and centre of global supply chains | Unrelenting box rates

A downtrodden tanker market could come under renewed pressure once US sanctions on Iran’s oil and shipping sector are lifted, while China container exports are on track to bounce back to pre-pandemic levels to ensure it holds on to to its ‘factory of the world’ crown

Asia Pacific China

Policy advisers press Beijing to ramp up greener shipping

Shipbuilding experts told the CPPCC conference in Beijing that the country is lagging behind its competitor nations in backing the development of future marine fuels and zero-emission vessel technologies

Asia Pacific Containers

China removes port construction dues to boost growth

The government started to remove the dues from March 2020, in a bid to alleviate cost burdens for the country’s exporters and importers

Asia Pacific Containers

Iran tanker oil spill in Israeli waters ‘deliberate’

Lloyd’s List Intelligence data confirms Israel’s description of events surrounding the oil spill. Despite several instances where the Panama-flagged Emerald’s AIS is switched off, the tanker can be seen sailing past Israel at the point of the oil spill between February 1 to 2  

Israel Iran

Finance

Latest From Finance

Eagle Bulk seeing signs of global economic recovery

The company says it will likely achieve the highest time charter equivalent rates in more than nine years in the first quarter given the rising market, particularly for supramaxes in which it specialises

International Dry Bulk

Seadrill writes down $2.9bn on rigs

Offshore driller Seadrill announced a $2.9bn impairment charge for last year after it filed for bankruptcy protection in Texas in February. The Fredriksen-controlled driller said demand would stay low this year, with some recovery in 2022

International Offshore

ABN AMRO shipping head downplays ships as ‘stranded assets’

ABM AMRO’s Joep Gorgels does not expect to see ships becoming stranded assets for ‘many, many years’ as they will be needed to power global trade

International Finance

CMA CGM bolsters Mediterranean port presence with Spanish deal

CMA CGM agrees deal with HMM to take a minority stake in Total Terminal International Algeciras, marking the company’s second fresh venture in the region this year. The French shipping giant signed off a deal to manage and operate Alexandria’s new multi-purpose facility in late January

Europe France

Genco chief sees ‘perfect rainbow’ over dry bulk market

Genco’s chief executive says demand for coal, grains and minor bulks, has kept rates buoyant for the smaller sizes. But, capesize rates, currently the weakest, should bounce back by April

Dry Bulk United States

Shipping’s transparency revolution

Global trade efficiency relies on it, shipping’s decarbonisation transition demands it and both financial and security regulators are monitoring it — the maritime sector’s future is focused on issues of transparency at every level

Finance Technology and Innovation

Insurance

Latest From Insurance

Middle East rivalries must come second to oil spill response

Help Lebanon surmount immediate crisis, establish the facts, then seek redress through the Civil Liability Convention. Most of all, prefer remedy through international law to more precipitate means

Israel Iran

Israel faces compensation cap on ‘terrorist’ oil spill

Decision not to to subscribe to top layer of fund means Jerusalem may not get enough to meet outlays

Israel Lebanon

Scandinavian P&I success down to hard work, says chief

‘The business you want to have, you have to work hard to get. The business you don’t want to have is always available,’ the head of Gothenburg-based marine mutual says

International Sweden

Israeli vessel still covered if explosion deemed an act of war, says lawyer

‘If you and I had a contract and people do warlike things, the starting proposition is that nothing affects our contract. But that can change, by operation of the law, in a few circumstances,’ says WFW partner

Iran Israel

Swedish Club is biggest relative gainer yet in renewal round

Managing director Lars Rhodin hails highest-ever retention rate, as Scandinavian P&I clubs strongly outpace UK-based peers

International Insurance

Steamship reports renewal gain as UK Club books ‘small reduction’

Head of underwriting hails overseas offices for important role in winning new business

International Insurance
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