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

Economic outlook: GDP contraction will weigh on transport demand

Gross domestic product is shrinking in all regions around the world, with China suffering its worst contraction in 28 years, which is severely impacting global trade. Lloyd's List Intelligence data shows idle capacity in the containership fleet is at an elevated level

Containers Tankers and Gas

Kexim bank ramps up loan support for ailing shipyards

Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’

Asia Pacific Containers

Capital Product Partners adds liquidity through leasing deal

Capital Product Partners has now paid down more of the 2017 credit facility that is being partially refinanced, reducing the repayment amount from about $134.9m to $116.5m

International CMA CGM

MPC Container Ships in talks with lenders over liquidity strain

‘The severity and fluidity of the situation makes it challenging to anticipate the timing and shape of a recovery,’ says chief executive Constantin Baack

Norway Containers

Dorian LPG says pandemic clouds outlook as rates weaken

For the 2020 full fiscal year the company reported a $118.8m net profit, and adjusted net income of $130m, in stark contrast to a loss-making 2019 fiscal year

International Dorian Lpg

Is a state-backed rescue of PIL the right response?

Singapore’s Pacific International Lines is looking at a potential rescue by a subsidiary of sovereign wealth fund Temasek, but decisions going forward may not be straightforward

Singapore Containers
See All

Latest From Insurance

Australia detains APL England over safety deficiencies

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

Asia Pacific Containers

North Club feels impact of two major casualties

‘It’s just one of those things. It shows the volatility of P&I, really’ — chief executive Paul Jennings

United Kingdom Insurance

Remote pilotage should be a last resort even in a health crisis

Standard Club’s advice remains for the procedure to be performed only when it is a mandatory requirement according to port regulations, or in cases of emergency

International Crewing

Abandoned LPG carrier had insurance and class revoked after Iran call

The owner of the LPG carrier, Globalgas, which claims to be bankrupt, says it has not been charged with any US sanctions violations

Tankers and Gas Insurance

Skuld flags premium rises as Britannia downplays virus impact

‘Our technical result shows the clear need to bring premium levels into line with risk,’ according to Skuld chief executive Ståle Hansen

International Insurance

West brings down combined ratio to 107%

Marine mutual well positioned to help members through coronavirus crisis, says chief executive Tom Bowsher

International Insurance
See All

Latest From Law

Iran gas tankers arrive at Venezuela

Despite US threats to prevent the shipments, the voyages were unimpeded, with a Venezuelan naval escort for each tanker as it entered the country’s territorial waters

South America Venezuela

US federal court rules against City of Oakland’s coal transport ban

Despite backing the earlier ruling, the majority decision says ‘we do not opine on the ultimate issue of any alleged health or safety impact of OBOT’s proposed plan’

US States Ports and Logistics

Will judicial management force asset-stripping of Ocean Tankers?

Singapore’s judicial management system has so far achieved limited success in reviving and rehabilitating distressed companies 

Singapore Tankers and Gas

Ocean Tankers said to be placed under judicial management

Ocean Tankers is the shipping unit of troubled oil trader Hin Leong

Singapore Tankers and Gas

Yang Ming told to meet cost of containers recovered by Australia

The recovery operation cost $17m in total, which will be funded from levies collected from the shipping industry if not reclaimed, according to the Australian Maritime Safety Authority

Asia Pacific Containers

EU court rules against Italian class society over 2006 ferry disaster

The move will come as a blow to RINA, which certified the ro-ro and had earlier contested a claim filed in Genoa, arguing that that it should have immunity from jurisdiction as it was acting on behalf of the flag state Panama

Europe Middle East and Africa
See All

Latest From Regulation

EU's emissions database is still a work in progress

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

Classification Environment

Decarbonisation is a job for now, not later

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

International Environment

Ofac wields a sanctions sledgehammer on shipping

The mercurial, ambiguous and inconsistent application of Ofac sanctions on Iran and Venezuela is a deliberate tactic to keep international shipping on its toes

North America United States

Global Maritime Forum postponed until 2021

The virtual meeting will be organised as an engaging and interactive online event, uniting the advantages of digital technologies and the free-flowing exchange of ideas characteristic of Global Maritime Forum events. The possibility of organising smaller regional meetings is also being explored

United Kingdom International

Coronavirus may slow pace of decarbonisation, but will not derail it

Retrofitting existing technologies would be a cost-effective way of reducing shipping’s carbon footprint, a Danish report suggests. The pandemic has pushed sustainable fuels further into the future

Coronavirus Environment

The Lloyd’s List Podcast: Sanctions alert! Why shipping must heed new US guidance

The US has issued global industry guidance that details best practices to detect deceptive shipping. It means the international maritime industry will remain in the crosshairs of sanctions enforcement no matter who wins the US presidential election in November. On the podcast to dissect the implications are Lloyd’s List editor Richard Meade, markets editor Michelle Wiese Bockmann and our resident tiger at the throat of the insurance industry — David Osler.

Lloyd's List The Shipping Podcast Political Risk and Trade
See All

Latest From Casualty

Australia detains APL England over safety deficiencies

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

Asia Pacific Containers

Stena tanker quarantine in Brazil extended as more coronavirus cases found

Meanwhile, falling water levels in the Paraná River have left a bulker high and dry, with Cofco1 grounding with a draft of 9.4 m on May 27

South America Argentina

APL vessel’s lost containers included surgical masks

The ship docked at the Port of Brisbane on Wednesday. Australian authorities will investigate its compliance with safety and environment rules

Australia Containers

North Club feels impact of two major casualties

‘It’s just one of those things. It shows the volatility of P&I, really’ — chief executive Paul Jennings

United Kingdom Insurance

APL vessel loses 40 boxes overboard off Sydney

The vessel is now heading for Brisbane, while the Australian Maritime Safety Authority is searching the area for containers and debris

Australia Containers

Abandoned LPG carrier had insurance and class revoked after Iran call

The owner of the LPG carrier, Globalgas, which claims to be bankrupt, says it has not been charged with any US sanctions violations

Tankers and Gas Insurance
See All

Latest From Piracy and Security

Stolt-Nielsen tanker escapes Gulf of Aden attack

The attack took place about 75 nautical miles off Yemen’s coast in the westbound transit corridor of the Gulf of Aden IRTC

Middle East and Africa Tankers and Gas

From the News Desk: Road map could bring relief for struggling crews

A global solution to the issue of crew changes during the coronavirus crisis has been endorsed by the International Maritime Organization, which may offer a pathway to freeing seafarers trapped by lockdowns and travel restrictions

Crewing Containers

Gulf of Guinea kidnappings overlooked as tally edges higher

Kidnap-and-ransom attacks off West Africa, less disruptive to cargo trade than Somali hijackings, have failed to prompt the same international response.

Middle East and Africa Piracy and Security

Seafarers kidnapped in Gulf of Guinea attacks

Nearly 50 crew have been abducted in the region so far, as Dryad Global warns of an uptick in kidnap for ransom cases in the Gulf of Guinea

Middle East and Africa Tankers and Gas

Focus on shipping in fight against drug smuggling

The second half of 2019 saw record-setting drug busts on vessels operated by major carriers

Europe North America

Pirates kidnap 10 crew from bunkers tanker off Nigeria

Vemahope is reported to have been attacked by attacked by a gang on a speedboat about 90 nautical miles southwest of the Bonga Terminal in Nigeria

Nigeria Piracy and Security
See All

Latest From Ports and Logistics

Economic outlook: GDP contraction will weigh on transport demand

Gross domestic product is shrinking in all regions around the world, with China suffering its worst contraction in 28 years, which is severely impacting global trade. Lloyd's List Intelligence data shows idle capacity in the containership fleet is at an elevated level

Containers Tankers and Gas

EU's emissions database is still a work in progress

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

Classification Environment

Australia detains APL England over safety deficiencies

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

Asia Pacific Containers

Port of Savannah rail project on track to penetrate new markets

The Mason Mega Rail project will deliver the largest on-dock intermodal rail facility for a port authority in North America, according to Georgia Ports Authority officials

US States Containers

DP World seeks to integrate all terminals with TradeLens

Dubai-owned DP World plans to link together all 82 of its terminal facilities, as well as feeder companies and logistics divisions, with TradeLens

International Ports and Logistics

US federal court rules against City of Oakland’s coal transport ban

Despite backing the earlier ruling, the majority decision says ‘we do not opine on the ultimate issue of any alleged health or safety impact of OBOT’s proposed plan’

US States Ports and Logistics
See All

Latest From Environment

EU's emissions database is still a work in progress

EU’s Monitoring, Reporting and Verification data offers an extensive picture of emissions in Europe. But that picture can keep changing and still has questionable data that could be the foundation for big decisions

Classification Environment

The Lloyd’s List Podcast: Shipping’s decarbonisation dilemma

Debating shipping’s decarbonisation pathways on this week’s podcast: Peter Boyd from Yale University, Matthieu de Tugny from Bureau Veritas, Tristan Smith from University College London’s Energy Institute and Adrian Tolson from Blue Insight

Lloyd's List The Shipping Podcast Environment

Star Bulk sees three-year scrubber payback at current levels

Star Bulk expects to make additional revenue of $24m in the remaining seven months of 2020

International Star Bulk

Decarbonisation is a job for now, not later

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

International Environment

Most shipowners have no decarbonisation strategy

Most shipowners see hydrogen and ammonia as the favorite fuels of the future. Relatively better prices may be a part of that thinking

International Containers

Maersk climate targets unaffected by coronavirus

The company is sticking to its 2030 and 2050 decarbonisation targets and continues to explore zero emissions fuels

Maersk Group Environment
See All

Latest From Safety

Australia detains APL England over safety deficiencies

AMSA now expects the shipowner and its insurer to take full responsibility for coping with the impact of the incident

Asia Pacific Containers

CMA CGM donates 200,000 face masks to Los Angeles

It means a lot to us that we stand alongside the US to overcome the pandemic, says CMA CGM chief Rodolphe Saadé

France US States

ICS releases medical guidance after seafarers denied care

The shipowners group said it would present the guidance to United Nations bodies on Thursday

International Crewing

RightShip’s new Safety Score to replace unfair risk rating

The Safety Score follows two years of consultation across the industry. It aims to offer as much information as possible as a basis for charters, not just a star rating over which owners had no control

United Kingdom Safety

APL vessel loses 40 boxes overboard off Sydney

The vessel is now heading for Brisbane, while the Australian Maritime Safety Authority is searching the area for containers and debris

Australia Containers

UN urged to help 200,000 stranded seafarers

ICS, ITF and ITUC have asked UN secretary-general António Guterres to intervene as time is running out for seafarers

International Chamber of Shipping Crewing
See All

Latest From Shipbuilding

Kexim bank ramps up loan support for ailing shipyards

Kexim chief executive says the bank will do its upmost to help the country’s shipbuilders overcome the current crisis and ‘further solidify their global market position’

Asia Pacific Containers

South Korean yard confirms EPS’ $160m LPG trio

The orders have won Norwegian energy major Equinor backing with a five-year time charter, Lloyd’s List earlier revealed

Asia Pacific Tankers and Gas

China Merchants bolsters subsidiary yard with $120m MPV orders

The Shanghai-listed dry bulker and tanker owner arm has agreed a contract for four 62,000 dwt multipurpose ships with Jinling Shipyard at $29.6m each, with delivery scheduled for 2022

Asia Pacific Dry Bulk

Eastern Pacific and Equinor line up dual-fuel LPG trio

The alignment of green case credentials was enough to tempt Eastern Pacific away from its usual spot focus

Singapore Norway

Neda clinches LR2 order at Daehan

Neda has incorporated improved cargo handling features and cargo flexibility into the vessel specification

Europe Greece

CSSC Shipping wins bank support for feeder newbuilds

The 10-year loans are signed against 12-year bareboat charters for the vessels, which will be delivered in 2021  

Asia Pacific Containers
See All

Latest From Technology and Innovation

The Lloyd’s List Podcast: Shipping’s decarbonisation dilemma

Debating shipping’s decarbonisation pathways on this week’s podcast: Peter Boyd from Yale University, Matthieu de Tugny from Bureau Veritas, Tristan Smith from University College London’s Energy Institute and Adrian Tolson from Blue Insight

Lloyd's List The Shipping Podcast Environment

Star Bulk sees three-year scrubber payback at current levels

Star Bulk expects to make additional revenue of $24m in the remaining seven months of 2020

International Star Bulk

Decarbonisation is a job for now, not later

Lloyd’s List reported this week that while six leading Danish companies are working on a zero-emissions marine fuel, two-thirds of shipowners do not even have a decarbonisation plan yet. This situation is sending mixed messages to the public

International Environment

DP World seeks to integrate all terminals with TradeLens

Dubai-owned DP World plans to link together all 82 of its terminal facilities, as well as feeder companies and logistics divisions, with TradeLens

International Ports and Logistics

Most shipowners have no decarbonisation strategy

Most shipowners see hydrogen and ammonia as the favorite fuels of the future. Relatively better prices may be a part of that thinking

International Containers

Maersk climate targets unaffected by coronavirus

The company is sticking to its 2030 and 2050 decarbonisation targets and continues to explore zero emissions fuels

Maersk Group Environment
See All

Latest From Sale and Purchase

Navig8 Group expands into LNG shipping

The liquefied natural gas sector ‘faces a market trough until 2023/24’ according to Norway-based investment bank Cleaves Securities

Europe Norway

Odfjell sells share in Dalian terminal

The transaction will result in a net cash gain of $27m and an equity gain of $13m, which will be reported in the second quarter of the year results

Ports and Logistics Finance

TOP Ships takes three more contracted medium range twos from chief executive

TOP Ships has agreed a price of $18m for the scrubber-fitted vessels, to be paid in installments, but it intends to finance them prior to delivery in 2021

Europe Greece

Scorpio Bulkers says asset values now ‘at the bottom’

The company is more confident about an improving market and would like to keep its vessels in the spot market

Dry Bulk Sale and Purchase

D’Amico chief eyes sale of older tonnage

Besides sales being harder to conclude, the coronavirus is also making operations more complicated, with crew changes the most concerning, chief executive Paolo d’Amico tells Lloyd’s List

Tankers and Gas Italy

Navios Containers seals deal for four largest vessels

The transaction, which closed in March, leaves the company with ‘no significant debt maturities’ until 2023

International Navios Group
See All
UsernamePublicRestriction

Register