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The View

Lloyd's List's weekly view on the big issues impacting and shaping shipping, providing timely insight and thought-provoking opinion

Politicians’ stormy love affair with shipbuilding enters new phase

Shipowners, particularly those in the commodity shipping sectors, are being tempted by relatively low prices and the fear of missing out to order new ships. Many of the shipyards benefiting from this spending spree are recipients of some form of state aid

Lloyd List - The View Shipbuilding

Stop trying to make future fuels not happen

The debate on measures already agreed is not going to be reopened, whatever certain shipowners were telling themselves at Posidonia this week

Lloyd List - The View Posidonia

LOF on life-support: salvors — and owners — need more than this

It is long past time for salvors and underwriters to grasp the truth that they serve the same client, not to mention serving the same overriding cause: protecting life, property and the environment

Lloyd List - The View Casualty

Wall Street may be overvalued. That doesn’t mean shipping equities are

Industry stocks have been hitting it out of the park for a couple of years. They may just go higher still

Lloyd List - The View Containers

Ships should not be attacked on the basis of an owner’s passport

The Houthis have no business launching missiles at ships at all, let alone singling out Mediterranean Shipping Co because one of its shareholders is an Israeli national

Lloyd List - The View Containers

The International Group is right. The Russia oil price cap is unenforceable

The onus to sort this mess out rests with the politicians, not marine insurers. Given the inordinate amount of time the US Congress took just to agree Kyiv’s request for more shells, hopes can sadly not be high

Lloyd List - The View Tankers and Gas

Puzzled by Aponte’s Gram Car Carriers deal? Don’t be

After putting together the world’s biggest shipping empire in little over five decades, it’s safe to say this guy knows what he’s doing

Lloyd List - The View Mediterranean Shipping Co

Panama Canal: It never pours but it rains

Reduced capacity could soon be the new normal for at least three years in every decade

Lloyd List - The View Sustainability

Troubled water over a bridge

Marine insurance is proving its value after the past week’s spectacular casualty in Baltimore

Lloyd List - The View Insurance

Russia and China shouldn’t cut a special deal with the Houthis

Most seafarers won’t even know the beneficial ownership of the vessels on which they serve. But they have every reason to be afraid if the Houthis get it wrong

Lloyd List - The View Red Sea Risk

Dark fleet insurance? Not reassuring

It’s 2024 and we still still have vessels ‘owned’ by anonymous brass plate companies, ‘flagged’ with fictitious ‘registries’, ‘IMO numbered’ with digits based on mum’s birthday, ‘classed’ by little-known ROs and ‘insured’ by shaky fixed premium providers. This isn’t progress

Lloyd List - The View Sanctions

Tipping point in the Red Sea

Wording of Conwartime and Voywar clauses are matters BIMCO could usefully revisit before the next crisis

Lloyd List - The View Red Sea Risk

The IMO is speaking softly on greenhouse gases. The time may come to use the big stick

Substantive regulatory measures should be the last resort. But last resorts are sometimes unavoidable

Lloyd List - The View Sustainability

Sanctioning Russia is one thing, making restrictions stick is another

The murder of Alexei Navalny and the second anniversary of the Ukraine invasion have seen measures targeting the Kremlin proliferate. The West should pay more attention to ensuring the ones we have already actually hit home

Lloyd List - The View Sanctions

Yes, governments can tell you what to do

Shipowners sometimes argue that they are merely humble ‘taxi drivers of the sea’. But few professions are as extensively regulated as driving taxis

Lloyd List - The View Sanctions

You don’t have to be mad to invest in shipping. But it helps

Why bother with creative destruction when good old-fashioned destruction will do instead?

Lloyd List - The View Insurance

Flags of Deceit could take shipping back to the bad old days

Much more of this and Narnia, Utopia, Middle Earth, Freedonia, La-La Land and Big Rock Candy Mountain will be offering their capitals as home ports

Lloyd List - The View Sanctions

The good, the bad and the ugly: the flagging standards of flag states

Flag states have a legal and moral duty to enforce the hard won safety standards that underpin global maritime trade, but the rise of the dark fleet supported by a growing list of opaque, outsourced flag administrations is undermining the rules-based order of global shipping

Lloyd List - The View Sanctions

The week that marked a turning point for shipping in the Red Sea

The impact on the Suez Canal will not be permanent. But it is now effectively closed to those who are risk adverse, and/or allied to Western countries seen as supporting Israel

Lloyd List - The View Political Risk and Trade

Shipping will overcome this Red Sea crisis

Until the full extent of the Houthi threat is known, we can only hope the tensions will ease and thank the brave sailors who continue to make trade possible

Lloyd List - The View Containers

Operation Prosperity Guardian: Use it or lose it

Say thank you to the navies that are working together to keep the Red Sea open for business. Not to mention the thousands of seafarers putting themselves in harm’s way to ensure the world keeps trading

Red Sea Risk Lloyd List - The View

Navies must ensure trade flows in the Red Sea

Let gunboat diplomacy be confined to the past. But there are legitimate uses of gunboats in the 21st century; the continued flow of world trade is one of them

Lloyd List - The View Political Risk and Trade

Alternative fuels need to move beyond the VHS versus Betamax stage

One was the better product. The other actually succeeded in the marketplace

International Sustainability

How to keep the Panama and Suez canals open

Of course there are viable alternative routes. But simultaneous widespread disruption would be a strain on much of the shipping industry, not to mention the global economy

Lloyd List - The View Panama

Shipping’s carbon challenge is a case of economic Darwinism

The EU Emissions Trading System is going to be difficult and expensive for shipping. It is without doubt flawed and there are many questions to be answered, but it will start to sift those who have been genuinely charting a new course from those who have been secretly hoping all this will just go away

Lloyd List - The View Regulation

How to make the 12th package of restrictions on Russian crude actually work

If the West wants to up the ante, increasing the scrutiny of attestation documents is a no-brainer. The proposal that the Danes would inspect Russian tankers would need to be part of a wider push to leverage choke points

Lloyd List - The View Sanctions

Hamburg knuckles down in uncertain times

Food for thought aplenty at the annual Eisbein celebrations and in German shipowners’ boardrooms amid numerous industry challenges ahead. But the illustrious shipping nation is well versed in adversity

Lloyd List - The View Germany

What the Maersk and Norden numbers are telling everybody else

Our lifetimes may never again see an era in which sailing vessels from A to B generates returns that make Gates, Zuckerberg and Bezos envious

Lloyd List - The View Containers

Welcome to the shipping coalface

Everyone with a well-paid desk job in white-collar shipping services should be properly grateful to the workforce that keeps the industry moving

Lloyd List - The View Casualty

The contradictions of the Russian oil price cap

More Russian oil than ever before is being carried on sanctions-busting tankers exploiting regulatory loopholes. The entire scheme of sanctions stands or falls by an attestation mechanism that patently isn’t working

Lloyd List - The View Sanctions

This is about more than the future of Euronav

Alexander Saverys’ perspective for tanker shipping is built around a business model that is radically different to the one Fredriksen exemplifies

Lloyd List - The View Tankers and Gas

World Maritime Day ambitions must match the rhetoric

For the IMO’s proceedings to represent anything more than a drinks reception accompanied by a token press release, shipping’s contribution to the fight for a better environment needs to be stepped up

Lloyd List - The View Sustainability
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