The coming year promises a rare period of balance for shipping markets, but beware the short-lived stability this implies because risks loom large on the horizon.
A fine balance: 2022 looks positive but long-term risk looms large
As the world comes to terms with living with coronavirus, it is the uncertainties presented by regulation, inflation, a flagging Chinese economy and existential threats to established business models that should be keeping shipping executives awake at night
Containers: Box bounty bounces into 2022
Freight rates may have peaked for now, and there are some signs of supply chains easing, though the disruption is not over yet. Shippers should see some easier conditions next year, but there are still potential threats on the horizon
Regulation: Brussels seeks to bridge GHG emissions governance gap
Talks over carbon levies and cap-and-trade schemes will be fleshed out at the IMO but nothing will be approved in 2022. Fights will continue over its climate ambition. In Europe, shipping groups will lobby over the scope of the Fit for 55 plan and who should pay its costs
LNG: Energy crunch triggers record gas carrier rates
Volatility peaks, with spots rates rising more than 3,000% in nine months and arbitrage profits exceeding $100m for one cargo
Marine insurance: You’ll be paying more
All main marine classes will likely get more expensive in 2022, with P&I leading the way
Uncertain shipping outlook requires ‘a juggling act’ from industry
Regulatory uncertainty may have topped the industry’s list of major risks, but industry leaders attending the annual Lloyd’s List Outlook Forum argue that decisions will have to be taken at pace ahead of any legislative framework
The Lloyd’s List Podcast: The nightmares before (and after) Christmas
The annual Lloyd’s List Outlook Forum and industry poll is a reliably insightful gauge of issues keeping business chiefs awake at night and this year regulatory uncertainty, looming overcapacity, a workforces skills crisis and supply chain disruption emerged as the hot topics causing sleepless nights. The podcast this week offers a view from the Outlook Forum panellists, explaining why business leaders need to juggle short- and long-term risk management
Dry bulk: Can this spectacular year be repeated in 2022?
Continued demand growth — albeit at lower levels to 2021 — combined with low fleet growth could keep rates buoyant, though volatility will likely persist
Tankers: Back in black?
Third-quarter earnings for the fleet of some 15,000 tankers over 10,000 dwt averaged the lowest in three decades for many sizes and routes
Shipping finance: Making a comeback
Bank lending to the industry and interest in the capital markets have enjoyed a resurgence in 2021 as the dry bulk and container shipping sectors have bounced back. Yet financiers say ‘there is work to do’ on the challenges posed by decarbonisation and other ESG issues
Regulatory uncertainty tops shipping’s risk list
The greatest risk to shipping markets over the next five years is regulatory uncertainty, according to a Lloyd’s List poll ranking industry views on the critical issues likely to influence maritime markets next year and beyond
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