Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Sectors

Latest From Finance

Navig8 Chemical Tankers joins Odfjell pool

Navig8 deploys four of its 25,000 dwt stainless steel chemical tankers to Odfjell’s pool

Tankers and Gas Energy

National Bank of Greece in talks to unload more shipping loans to Cross Ocean

Under sub-participation rules, a loan may be transferred from one bank to another lender without the knowledge of the client, which means the borrower could find itself facing tougher repayment demands

Greece United States

Trade compliance speeds up on PSA-backed platform

A PSA-backed venture has showcased a trade platform that claims to have slashed to just one day the compliance processes associated with cross-border trade that have traditionally taken up to two weeks

Singapore Finance

From the News Desk: Grey outlook and Christmas jeer

Our regular round-up of the stories behind the headlines this week eyes up plenty of dark clouds on the horizon for the shipping industry, widespread frustration at the US forcing shipping lines to become de facto policemen, why the Panama flag is on a public relations drive and the strange case of the soyabean cargo saga that is keeping m’learned friends in Canada busy through 2020 

Asia Pacific Hong Kong

From the News Desk: Who has a place at the Lloyd’s List top table?

Our regular round-up of the stories behind the headlines this week casts an eye over some of the outstanding figures who have made a contribution to shipping over the past 12 months. Beyond the tinsel, a very important story is being uncovered in the small print in Greece, where loans to shipowners are being transferred to private equity funds. As the sulphur cap approaches on the first day of 2020, we also look at whether LNG newbuildings are being put on hold lest they be unable to live out their full lifespan under the new green regime

Dry Bulk Tankers and Gas

China Merchants sells two VLCCs to Advantage Tankers

Delivery of the ships is scheduled for early or middle December this year

Tankers and Gas China Merchants Energy Shipping
See All

Latest From Insurance

Premium rises not linked to IMO 2020, says North Club

Most P&I Clubs have raised premiums recently but these are not driven by the risks associated with IMO 2020, Mr Jennings suggests

International Bunkers

Top 10 in marine insurance 2019

As part of our 2019 Top 100 most influential people in shipping series, we look at the very best global insurance power-brokers

Top 100 People Insurance

Salvage industry said to be in ‘decline phase’

‘On the basis of the research I have done, I can definitely say the salvage industry is definitely in the decline phase’ — Southampton Solent’s Nicola Pryce-Roberts

International Insurance

American Club says marine insurance outlook uncertain

Premium erosion continues to affect operating results. There is an urgent need to calibrate risk pricing to exposure

North America United States

Trade compliance speeds up on PSA-backed platform

A PSA-backed venture has showcased a trade platform that claims to have slashed to just one day the compliance processes associated with cross-border trade that have traditionally taken up to two weeks

Singapore Finance

West of England P&I raises rates 2.5%

Club warns its members that premium levels have been eroded to a point where they are no longer sustainable and do not cover expected claims costs

International Insurance
See All

Latest From Law

Shipbuilding executive cleared in US fraud case

Jean Boustani, a salesman for Privinvest, an Abu Dhabi-based shipbuilder, was acquitted of three counts of conspiracy to commit fraud and money laundering

Shipbuilding Law

UK maritime sector could benefit from OECD tax reforms

Lord Mountevans highlighted some progress in the area of finance that was singled out as the one weak spot in the UK’s maritime professional business services offering in the Catching the Wave report authored by PwC and published by Maritime London during London International Shipping Week 2019

Europe United Kingdom

‘Rebooted’ Ince seeks Asian partnerships

‘Ince had not enjoyed terrific success in the three years before Gordon Dadds arrived. I would say the most difficult bit is managing the legacy,’ says chief executive Adrian Biles

International Law

Law firm opens shipping practice in Singapore

‘This is an area in which we already have strong capabilities in London, Australia and the US, and with the addition of this team and future hires in the pipeline, we expect to very quickly ascend to become one of the premier firms in the commodities and shipping space’ — chairman and global chief executive Mark Ruehlmann

Law Singapore

American Club will contest Munich Re conspiracy action

‘The American Club, its managers and their employees acted throughout in accordance with the rules of the club and most assuredly did not conspire to defraud Great Lakes or any other party,’ said American Club’s Mr Hughes

Insurance United States

SocGen loses regional trade finance heads for Asia

 Société Générale told Reuters that Damien de Rosny and Timothy Siow had left the bank, without providing further details

Singapore Tankers and Gas
See All

Latest From Regulation

Bunker sales reveal progress in sulphur cap transition and compliance

Large bunkering ports are reportedly well-stocked and shifting smoothly into the new era of global sulphur rules. However, shortages of high-sulphur fuel oil have emerged in smaller ports

International IMO

The Interview: Hugo De Stoop

Mr De Stoop leads one of the largest crude oil tanker companies in the world. Over the past couple of years, Euronav has positioned itself as an environmentally conscious company that wants to help the wider industry combat its emissions. Mr De Stoop talks to Lloyd's List about what the future has in store and what the company learned in preparing for the global sulphur cap

Big Interview Euronav

Lloyd’s List Gothenburg summit will map a volatile 2020

Programme will include geopolitics, sanctions implications, the impact on trade patterns of shifting political balance, energy realignment, technological advances and fleet and fuel developments

Events Political Risk and Trade

Kitack Lim reappointed IMO chief for second term

Lim will serve as IMO secretary-general until the end of 2023

IMO Regulation

US sanctions six tankers linked to PDVSA

Washington has said that it recognises opposition leader Juan Guaido as Venezuela’s legitimate president. It is using sanctions to force Nicolás Maduro from office

Tankers and Gas Sanctions

Top 10 flag states 2019

Although Panama leads our Top 10 flag states list for 2019 by about 53m gross tonnes, the difference between the second and third spots is some 8.8m gt, mainly due to the offshore sector's tonnage

Top 100 People Ship operations
See All

Latest From Casualty

American Club will contest Munich Re conspiracy action

‘The American Club, its managers and their employees acted throughout in accordance with the rules of the club and most assuredly did not conspire to defraud Great Lakes or any other party,’ said American Club’s Mr Hughes

Insurance United States

Misdeclared cargoes accounting for more container fires

Current statistics show that a serious fire is occurring every 30 days, rather than every 60 days, says TT Club, and the issue needs to be addressed through collaboration

Containers Casualty

Crew evacuated after chemical tanker catches fire off Singapore

MPA is investigating the incident and no further details have been disclosed

Singapore Tankers and Gas

Greek focus of oil spill investigation widens

Some of the biggest Greek owners in the business say they are co-operating with the probe in Brazil in order to rule out any link to the incident

South America Brazil

Tanker owners’ group elects Erik Hanell to top role

The Stena Bulk chief succeeds former Euronav chief executive Paddy Rodgers at the top of the vessel oil spill response organisation

Tankers and Gas Environment

Three dead after tanker explosion in Russia

A Russian chemical oil tanker exploded on Sunday while anchored

Russian Federation Casualty
See All

Latest From Piracy and Security

Pirates abduct seafarers from tanker off Nigeria

Pirates boarded the Hong Kong-flagged Nave Constellation on Tuesday after it had departed Bonny Offshore Terminal, Lloyd’s List Intelligence reports

Tankers and Gas Piracy and Security

France plans European naval mission for Strait of Hormuz

About 10 European and non-European countries could join the new naval mission

United Arab Emirates Political and Trade

Crew abducted from vessel off Equatorial Guinea

Seven crew were abducted by assailants while the anchor handler was carrying out offshore field operations

Singapore Offshore

Houthi-held tugs and drilling rig freed

The vessels and crew were released once it was confirmed they were not related to ‘countries of aggression’

Middle East and Africa Political Risk and Trade

Houthi militia seizes Saudi tug in Red Sea

South Korea has reportedly demanded the release of the vessel and its crew, but the Houthi group wants to run ownership checks before committing to a release

Saudi Arabia Piracy and Security

Iraq’s port of Umm Qasr disrupted by more protests

The port was working at 50% of capacity and operations may be completely halted if the protests continue, port officials told Reuters

 

Iraq Ports and Logistics
See All

Latest From Ports and Logistics

Gothenburg terminal aiming to be fossil fuel free in 2020

The APMT terminal at the Swedish port will switch entirely to renewable energy in 2020

Europe Sweden

Port of Montreal gets $300m boost for new container terminal

Montreal currently receives about 80% of Canada’s container traffic with the European Union but a recent trade deal with the EU is expected to boost transatlantic trade between the two economies. Montreal needs to expand and Contrecoeur is seen as the answer

Containers Ports and Logistics

Teck Resources eyes boost in coal exports following rail deal

Improvements now under way at Neptune Terminals are expected to increase the capacity of the facility by nearly 50% to 18.5m metric tonnes from the current 12.5m metric tonnes per year

Canada Dry Bulk

Viewpoint: Logistics log-jam

At a time of heightened environmental consciousness, big diesel-engined ships and truck fleets have become perceived as a public enemy by a substantial part of the population

International Containers

Unifeeder buys majority stake in Feedertech Group

Unifeeder steps out of European base for Singapore acquisition

Containers Consolidation

Port of Virginia dredging project starts

‘This project, combined with the $750m we are investing to increase container capacity by 1m units per year, sets up Virginia to be the premier gateway for trade on the east coast,’ said Virginia Port Authority chief executive and president John F. Reinhart 

US States Containers
See All

Latest From Environment

Bunker sales reveal progress in sulphur cap transition and compliance

Large bunkering ports are reportedly well-stocked and shifting smoothly into the new era of global sulphur rules. However, shortages of high-sulphur fuel oil have emerged in smaller ports

International IMO

Gothenburg terminal aiming to be fossil fuel free in 2020

The APMT terminal at the Swedish port will switch entirely to renewable energy in 2020

Europe Sweden

The Lloyd’s List Podcast: The View from Athens

How do the Greek shipowners feel this year has gone and what’s keeping them up at night when they look to 2020? The podcast lands in Athens this week for the annual sequined festival of camp showbiz excess and shipping excellence that is the Greek Shipping Awards. Joining Lloyd’s List editor Richard Meade to dissect the fortunes of shipping’s most vibrant of markets are our two resident Greeks, Athens correspondent Nigel Lowry and London-based reporter Anastassios Adamopoulos

Lloyd's List The Shipping Podcast Greece

The Interview: Hugo De Stoop

Mr De Stoop leads one of the largest crude oil tanker companies in the world. Over the past couple of years, Euronav has positioned itself as an environmentally conscious company that wants to help the wider industry combat its emissions. Mr De Stoop talks to Lloyd's List about what the future has in store and what the company learned in preparing for the global sulphur cap

Big Interview Euronav

Titan LNG to expand fleet for rising ARA bunker demand

Titan LNG’s third bunker barge ‘will be ideal for servicing larger tankers, cruise, container and offshore vessels’, says chief technical officer Ronald van Selm

EU Bunkers

Viewpoint: Logistics log-jam

At a time of heightened environmental consciousness, big diesel-engined ships and truck fleets have become perceived as a public enemy by a substantial part of the population

International Containers
See All

Latest From Safety

Industry welcomes India's accession to Hong Kong Convention

India, one of the top volume ship recycling countries in the world, has become the 15th contracting state to the conventio. It may spur other countries to join and assist the convention over the threshold into meaningful enactment 

India Environment

Perception is a key element in the autonomous discussion

Several studies of the benefits of autonomous transportation have concluded that it is not enough to argue that controlling cost makes the investment worthwhile. Unmanned is still not seen as safe.

Technology and Innovation Safety

Panama flag focuses on improving image

Panama will be audited by the IMO in 2021 and Cigarruista says he does not want to see a ‘bad’ report

Regulation Safety

Greece urges IMO to consider delaying sulphur cap

Ioannis Plakiotakis says he fears there could be fatal accidents if outstanding issues regarding the 0.5% sulphur cap are not resolved

Environment Regulation

France plans European naval mission for Strait of Hormuz

About 10 European and non-European countries could join the new naval mission

United Arab Emirates Political and Trade

Greek master dies in ore carrier fire

Dry bulk operator Maran Dry Management declined to identify the 40-year-old master, but said his family had been notified and is ‘being supported’

South America Brazil
See All

Latest From Shipbuilding

Titan LNG to expand fleet for rising ARA bunker demand

Titan LNG’s third bunker barge ‘will be ideal for servicing larger tankers, cruise, container and offshore vessels’, says chief technical officer Ronald van Selm

EU Bunkers

Petredec takes two more 22,000 cu m ethylene ships

Two exercised optional vessels will be delivered in May and September 2022

Tankers and Gas LPG

World boxship fleet update: Scrubbing out capacity

Idle fleet hits new highs as ships return to yards for scrubbers, but supply still outweighs demand

Containers Shipbuilding

CSSC unveils LNG-powered 25,000 teu ship project

Newly unveiled design comes despite scepticism about whether the size of the current largest boxship of 23,000 teu class should increase further

Containers Shipbuilding

Ethane to feed China’s gas shipbuilding ambition

Chinese shipbuilding content is an expected feature of bilateral ethanol and LNG trade talks

Tankers and Gas Shipbuilding

Shipbuilding executive cleared in US fraud case

Jean Boustani, a salesman for Privinvest, an Abu Dhabi-based shipbuilder, was acquitted of three counts of conspiracy to commit fraud and money laundering

Shipbuilding Law
See All

Latest From Technology and Innovation

CSSC unveils LNG-powered 25,000 teu ship project

Newly unveiled design comes despite scepticism about whether the size of the current largest boxship of 23,000 teu class should increase further

Containers Shipbuilding

Supply chain braces for next industrial revolution

Digitalisation is no longer a matter of choice but a matter of survival for the logistics sector

International Containers

CSSC and LR team up on marine decarbonisation research

The two parties will explore the use of blockchain and digital technologies. They will evaluate various clean energy sources and draw up ideas for their certification

Asia Pacific Europe

Top 10 technology leaders 2019

As part of our annual Lloyd's List Top 100 most influential people in shipping on December 13, we look at the movers and shakers in maritime next-gen tech

Top 100 People Technology and Innovation

Inmarsat Fleet Data gains greater acceptance with ABB tie-up

The platform bridges the gap between shipowners and the community of applications providers that neither have core competencies nor much interest in handling the hardware side of the equation

International Technology and Innovation

From the News Desk: Grey outlook and Christmas jeer

Our regular round-up of the stories behind the headlines this week eyes up plenty of dark clouds on the horizon for the shipping industry, widespread frustration at the US forcing shipping lines to become de facto policemen, why the Panama flag is on a public relations drive and the strange case of the soyabean cargo saga that is keeping m’learned friends in Canada busy through 2020 

Asia Pacific Hong Kong
See All

Latest From Sale and Purchase

From the News Desk: Grey outlook and Christmas jeer

Our regular round-up of the stories behind the headlines this week eyes up plenty of dark clouds on the horizon for the shipping industry, widespread frustration at the US forcing shipping lines to become de facto policemen, why the Panama flag is on a public relations drive and the strange case of the soyabean cargo saga that is keeping m’learned friends in Canada busy through 2020 

Asia Pacific Hong Kong

From the News Desk: Who has a place at the Lloyd’s List top table?

Our regular round-up of the stories behind the headlines this week casts an eye over some of the outstanding figures who have made a contribution to shipping over the past 12 months. Beyond the tinsel, a very important story is being uncovered in the small print in Greece, where loans to shipowners are being transferred to private equity funds. As the sulphur cap approaches on the first day of 2020, we also look at whether LNG newbuildings are being put on hold lest they be unable to live out their full lifespan under the new green regime

Dry Bulk Tankers and Gas

China Merchants sells two VLCCs to Advantage Tankers

Delivery of the ships is scheduled for early or middle December this year

Tankers and Gas China Merchants Energy Shipping

Atlantic Bulk Carriers orders ultramax duo

Online valuer VesselsValue.com estimates the 61,000 dwt vessels at more than $25m apiece

Dry Bulk Shipbuilding

Navios duo to expand with 16 vessels

The 10-ship joint venture Navios Europe I was 47.5% owned by Navios Maritime Holdings and 47.5% by tanker arm Navios Maritime Acquisition, with the remaining 5% held by Navios Maritime Partners

International Navios Group

Bumi Armada third quarter utilisation rate rises to 58% amid fleet optimisation

Meanwhile, compatriot offshore player Dayang saw vessel utilisation at its OSV unit Perdana Petroleum hit 91% up from 79% in the second quarter of 2019 because of expanded scope of work and synergies with its parent

Asia Pacific Offshore
See All
UsernamePublicRestriction

Register