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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

Will it take a ‘Prestige’ moment to tackle the dark fleet threat?

The dark fleet poses a threat to shipping safety, but it may take a big, messy and very public European disaster to get that threat onto the political radar

Sanctions Lloyd List - The View
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Shipping’s decarbonisation policy still requires a strong narrative to fly with all governments

The fact that a majority of governments now back a carbon levy for shipping is not enough. To create a global policy architecture to decarbonise the maritime sector will require a strong story to sell domestically and internationally

Sustainability Lloyd List - The View
FREE TO READ

America’s next big traffic jam is nigh. Who is to blame?

More than 100 containerships were stuck off east and Gulf coast ports in autumn 2022 amid the supply chain crisis. These ship queues will return if the ILA goes on strike next week — and the blame game will begin

Lloyd List - The View Containers

IUMI Berlin: We can be heroes, just for four days

Keeping trade flowing is a moral endeavour, and shipping’s insurers deserve credit

Lloyd List - The View Insurance

Sounion: shipping gets away with it again

Moral culpability for this casualty rests with the damn fools crazy enough deliberately to set a suezmax on fire. But television audiences might not have seen things like that

Lloyd List - The View Casualty

Yemen’s twisted firestarters will go it alone

The Houthis like to paint themselves as the legitimate government of Yemen. Legitimate governments do not typically run the risk devastating oil spills

Lloyd List - The View Tankers and Gas

Red Sea transits risk crew lives as well as ships

If anything has to take a hit, let it be a company’s bottom line rather than its seafarers

Lloyd List - The View Red Sea Risk

Shipping is still stymied by economic and environmental uncertainty

As Maersk U-turns on LNG and methanol projects fold, the industry is asking what has changed. This is about the inherent uncertainty and nervousness in an industry that still does not have any confidence in what happens next and is defaulting to lowest cost and optionality as a default

Lloyd List - The View Sustainability

Marine insurers in London must come clean on Ceres I dark fleet disaster

Lloyd’s-backed insurers have failed to answer questions over whether they provided cover for a 25-year-old, hit-and-run tanker, a dark fleet poster child intercepted by Malaysian authorities as it fled the scene of a collision and is now detained

Lloyd List - The View Sanctions

Green hydrogen is a Catch-22 for shipping

Holy grails are wonderful things. But as anyone who has read The Da Vinci Code knows, they can be that little bit hard to find

Lloyd List - The View Sustainability

Shipping safety has become a casualty of economic sanctions

It was never the intention of economic sanctions to undermine shipping safety, but that has been the result. Politicians are keen to halt the trail of dirty money leaking from dark fleet tankers. But where is their plan to stop clapped out ships leaking noxious cargoes onto European coastlines?

Lloyd List - The View Sanctions

French yoghurt is not a strategic industry. French shipping is

Liberté and fraternité necessarily entail égalité with other EU jurisdictions

Lloyd List - The View Political and Trade

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
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