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Markets

Containers

Set Alert for Lloyd's List Containers :: Containers

Latest From Containers

The week in charts: Freight derivative trading at 12-year high and tanker scrapping rebound

The appetite for tanker and dry bulk forward freight agreements has risen significantly off the back of geopolitical uncertainty and the pandemic, while scrapping prices for tankers are tipped to rebound

Containers Dry Bulk

World boxship fleet update: New orders emerge at end of extraordinary year

While the world boxship fleet grew little in 2020, new orders in the final days of the year are unlikely to upset the supply and demand balance for now

International Mediterranean Shipping Co

High box spot rates show little sign of weakening

With supply chain bottlenecks still to be alleviated and demand unrelenting, east-west rates continue to demand a premium. The post-Chinese New Year period has been pinpointed as a chance for the industry to catch its breath and ‘get stuff moved’

Asia Pacific Europe

The Lloyd’s List Podcast: What are the shipping market tipping points for 2021?

With the help of BIMCO’s chief shipping analyst Peter Sand we’re taking a quick run through the key tipping points that will shape the shipping markets in 2021 on the podcast this week. Peter and Lloyd’s List editor Richard Meade cast their eyes across box market buoyancy, tanker troubles and the bulk market’s optimistic expectations for the year that inevitably all hinge on China. The next 12 months of shipping markets — all in under 25 minutes!

Lloyd's List The Shipping Podcast Dry Bulk

OOIL raises $120m to fund newbuilds and containers

OOIL says the proceeds will be used to fund vessels under construction, purchase containers or for other possible investments in the future. JP Morgan has been designated as both the deal manager and the seller’s agent

Asia Pacific Containers

Biden administration challenges global shipping to reduce emissions

Fortunately for the global shipping industry, Kerry believes that while governments have an important role to play in galvanising net-zero transitions, ‘they must partner intimately’ with the private sector

International US States

Dry Bulk

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

The week in charts: Freight derivative trading at 12-year high and tanker scrapping rebound

The appetite for tanker and dry bulk forward freight agreements has risen significantly off the back of geopolitical uncertainty and the pandemic, while scrapping prices for tankers are tipped to rebound

Containers Dry Bulk

Vale says no impact to monthly shipments after Ponta da Madeira fire

Shipping activities expected to resume in coming days using a second shiploader at the southern berth of pier 4 where the blaze took place, miner says

Dry Bulk Ports and Logistics

The Lloyd’s List Podcast: What are the shipping market tipping points for 2021?

With the help of BIMCO’s chief shipping analyst Peter Sand we’re taking a quick run through the key tipping points that will shape the shipping markets in 2021 on the podcast this week. Peter and Lloyd’s List editor Richard Meade cast their eyes across box market buoyancy, tanker troubles and the bulk market’s optimistic expectations for the year that inevitably all hinge on China. The next 12 months of shipping markets — all in under 25 minutes!

Lloyd's List The Shipping Podcast Dry Bulk

Biden administration challenges global shipping to reduce emissions

Fortunately for the global shipping industry, Kerry believes that while governments have an important role to play in galvanising net-zero transitions, ‘they must partner intimately’ with the private sector

International US States

V.Group names OSM’s Sprotte to replace Kayser at shipmanagement unit

Kofod-Olsen was appointed V.Group chief executive at the end of 2020, replacing Graham Westgarth, who moved up to chairman. Earlier this month Wallem chief Frank Coles resigned to focus on crew welfare issues

Ship Management Crewing

Denmark’s call to tackle piracy makes little progress

Denmark’s defence minister has called for international partners to help police the Gulf of Guinea after recent attacks on ships, but none have yet raised their hands. Danish Shipping says it is early days and countries can give what they can, since no one state can solve the problem alone

Middle East and Africa Piracy and Security

Tankers & Gas

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

Latest From Tankers and Gas

The week in charts: Freight derivative trading at 12-year high and tanker scrapping rebound

The appetite for tanker and dry bulk forward freight agreements has risen significantly off the back of geopolitical uncertainty and the pandemic, while scrapping prices for tankers are tipped to rebound

Containers Dry Bulk

LNG trade needs greater liquidity to counter volatility

LNG demand is predominantly still tied to power generation, which subjects trade in the commodity to the vagaries of the weather, particularly during the winter season in North Asia. While the market turned against buyers during this year’s cold snap, it could just as easily have gone the other way

International Tankers and Gas

The Lloyd’s List Podcast: What are the shipping market tipping points for 2021?

With the help of BIMCO’s chief shipping analyst Peter Sand we’re taking a quick run through the key tipping points that will shape the shipping markets in 2021 on the podcast this week. Peter and Lloyd’s List editor Richard Meade cast their eyes across box market buoyancy, tanker troubles and the bulk market’s optimistic expectations for the year that inevitably all hinge on China. The next 12 months of shipping markets — all in under 25 minutes!

Lloyd's List The Shipping Podcast Dry Bulk

Biden administration challenges global shipping to reduce emissions

Fortunately for the global shipping industry, Kerry believes that while governments have an important role to play in galvanising net-zero transitions, ‘they must partner intimately’ with the private sector

International US States

V.Group names OSM’s Sprotte to replace Kayser at shipmanagement unit

Kofod-Olsen was appointed V.Group chief executive at the end of 2020, replacing Graham Westgarth, who moved up to chairman. Earlier this month Wallem chief Frank Coles resigned to focus on crew welfare issues

Ship Management Crewing

Denmark’s call to tackle piracy makes little progress

Denmark’s defence minister has called for international partners to help police the Gulf of Guinea after recent attacks on ships, but none have yet raised their hands. Danish Shipping says it is early days and countries can give what they can, since no one state can solve the problem alone

Middle East and Africa Piracy and Security

Finance

Latest From Finance

OOIL raises $120m to fund newbuilds and containers

OOIL says the proceeds will be used to fund vessels under construction, purchase containers or for other possible investments in the future. JP Morgan has been designated as both the deal manager and the seller’s agent

Asia Pacific Containers

DHT to buy VLCC pair for $136m

The company will receive the two DSME 2016-built very large crude carriers during the first half of this year from an an undisclosed seller

International DHT

Total agrees LNG carrier charter deal with Sovcomflot

The French energy major will take in a newbuilding 174,000 cu m liquefied natural gas carrier from Sovcomflot in 2021 and have options to take in two more vessels

Sovcomflot Environment

Supply chain chaos rooted in box shipping’s contract culture

There are few things new in container shipping. Today’s problems reflect a long history of both shippers and carriers being wrongly incentivised to commit to what they have agreed to

International Containers

Bank creditors take shares in Bourbon restructuring

The restructuring arrangement reduces Bourbon’s debt from more than $3bn to around $1.3bn, putting it back on its keel following the adverse impact of the oil price downturn

France Finance

MOL launches start-up fund

MOL PLUS aims to generate synergetic effects by combining innovative ideas and technologies from start-ups with the group’s resources to create new businesses that will add value to the ocean shipping industry and society. The Japanese line joins other shipping companies that have also promoted start-ups

Japan Containers

Insurance

Latest From Insurance

More expensive P&I seen as ‘inescapable imperative’

‘The board made clear to us, in so far as a general increase is given a nominal value, we are expected to probably do better than that. And certainly those records that deserve it should be looking to increases in excess of that’ — Joe Hughes

International United States

Paratus adds parametric freight insurance to fuel hedge line

Company believes buyers of 97% of the 4m barrels of bunkers consumed each day are not currently hedged

Insurance International

Gard extends health cover for fixed premium P&I clients

Move will include liabilities, losses, costs and expenses falling within the scope of terms of entry

International Norway

P&I clubs face post-Brexit hoops to write in London

‘My concern is that this will take some time, because I guess the Prudential Regulation Authority is quite busy these days,’ says chief executive of marine mutual

EEA EU

UK’s Britannia Club to redomicile in Luxembourg due to Brexit

‘Clearly we would not be redomiciling our business if it were not for Brexit. It has been an unwelcome diversion and an unwelcome cost,’ says chief operating officer

EU Luxembourg

War risk underwriters eye Red Sea rates after Houthi attacks

The fallout from the Yemen conflict has led to speculation about firmer pricing, although many underwriters are still evaluating developments following US Maritime Administration warning

Saudi Arabia Yemen
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