2020 will be one few will forget in a hurry; a year fraught with disruption and upheaval as the world came to grips with a global pandemic. But as one year ends another begins. Lloyd’s List annual outlook provides both insight and some much-needed clarity on what 2021 has in store for the shipping, as the industry pins hopes on covid-19 vaccines and a route to recovery.
Shipping just got a taster of the disruption yet to come
Shipping’s resilience has been tested this year, but a low orderbook does not save a market and the immediate future is riddled with uncertainty. Mid-term, the business models that survived this year may not be set up for a future requiring financial flexibility, transparency, a smarter approach to digital integration and of course sufficient foresight to survive the decarbonisation transition
2021: Europe’s year for shipping’s regulations
The International Maritime Organization will likely finalise its short-term GHG emissions measure in 2021; but it is the European Commission that will step forward with a market-based measure proposal that could alter maritime regulations as we know them
Alternative finance is on the rise as Chinese lessors falter
Ship finance has ceased being a matter of banks or public markets and experts say there are potential sources of funding for most shipping companies out there, in spite of the pandemic and other challenges
Outlook forum looks forward to decarbonisation progress in 2021
Industry collaboration will be key to achieving shipping's goals in the coming year. Working more closely with the aviation and rail sectors, and learning lessons on safety and emissions reduction will feature strongly
Marine insurance outlook in two words — more expensive
Given a spate of pool claims, reduced capacity at Lloyd’s and higher reinsurance costs, insureds will have to put their hands in their pockets next year
Fleet scarcity to boost 2021 LPG freight rates
Strong LPG fundamentals are expected to present the segment with healthy demand in the coming year, while tight fleet supply, driven by a heavy drydocking maintenance schedule for older vessels, will keep freight rates buoyant
LNG industry finds light in the dark
Next year will see fewer cargo cancellations as existing LNG plants ramp up output, which will help boost LNG fleet utilisation, observers say
Low fleet growth lifts dry bulk spirits
Dry bulk markets should be entering a period of higher rates, given a downcycle that spanned four years from 2016; but uncertainty about the pace of the recovery post-pandemic is still causing some concern
Can a bipolar tanker market find equilibrium in 2021?
The old shipping adage that cargo is king applies more than ever for 2021. A rising east-west divide, post-Trump geopolitical policies, and post-pandemic consumer behaviour are recasting tanker market dynamics over the next 12 months
Lloyd’s List 2021 Shipping Outlook Forum: Poll results
The recent Lloyd’s List 2021 Shipping Outlook Forum addressed some of the critical questions facing shipping and provided insight into what the coming year will bring. View the results of our online Outlook 2021 poll in full below
Capacity management will be box shipping's new normal
Tight cost controls and strict capacity management got container lines through the crisis of 2020. Yet while the outlook for 2021 still remains clouded by the ongoing pandemic, the lessons learned this year will put lines in a strong position to manage the uncertainties of next year
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