Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

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


Daily Briefing February 13 2020

Free to read: Euronav buys first scrubber-fitted VLCCs | Insurers prepare for damage claims linked to sulphur cap | Chinese yards braced for ‘heavy blow’ from coronavirus 

Good morning. Here’s our quick view of everything you need to know today.

The Lloyd’s List Daily Briefing is brought to you by the Lloyd’s List News Desk.

What to watch   |   Analysis   |   Markets   |   In other news

Print this briefing

What to watch

Euronav has said it will buy three very large crude carrier newbuilds, which will mark the tanker owners’ first scrubber-fitted vessels.

Hull and machinery insurers can expect an increased level of engine damage claims in the wake of the fuel sulphur content cap introduced at the start of this year, the International Union of Marine Insurance says.

With the coronavirus fears, you may wonder how many shipyard workers in China have returned to their positions after the holiday extension, writes Cichen Shen.

Imports at major US container ports are expected to see a sharper-than-usual drop this month due to the coronavirus causing longer lunar new year shutdowns of factories in China.


The Anglo-Eastern Maritime Academy not only provides some of the best training, but is also being used as a test bed for the latest technology for instruction and training.

The movement to get women into the maritime industry has been around for a while. And although progress has been made over the years, it has been slow. Now, with the new year and new decade upon us, momentum is building.


Vale lowers its forecast for the first quarter of 2020 after its operations were adversely affected by heavy rains. The lack of a substantial amount of Brazilian cargoes is still putting great pressure on average earnings for the capesize sector.

In other news

Japan wants existing ships to improve their CO2 per tonne-mile performance to meet the IMO 2030 target. But a report this week expressed doubts whether this idea would generate actual change.

Maersk has found a new chief financial officer, yet again from outside the shipping industry, with the appointment of former Clariant CFO Patrick Jany.

Precious Shipping, the Bangkok-listed minor bulks specialist, expects more ships to head for the recycling yard in 2020 because of regulatory pressures.

Giovanni Ravano has joined his younger brother Emanuele in leading Ifchor, the broking business set up by their father Riccardo in 1977.

Singapore is set to making further inroads into green shipping with a Memorandum of Understanding between BH Global Corporation’s 90%-owned subsidiary BOS Offshore & Marine and strategic partners Penguin International, Danfoss, Durapower Technology and Bureau Vitas for the joint design, development and construction of the city-state’s first plug-in hybrid electric fast launch.

The US Department of Energy has granted four proposed liquefied natural gas projects, with almost 46m tonnes per annum in combined capacity, permits to export to countries with no free trade agreements with the US.

The product tanker market’s strong recent fundamentals will help it bounce back from the impact of coronavirus outbreak, according to Ardmore Shipping.





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts