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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
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Congratulations on re-election, Ms von der Leyen. Now cut red tape and push free trade
With the right policies, the EU can stay in the game
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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?
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French yoghurt is not a strategic industry. French shipping is
Liberté and fraternité necessarily entail égalité with other EU jurisdictions
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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
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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
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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
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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
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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
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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
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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
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Panama Canal: It never pours but it rains
Reduced capacity could soon be the new normal for at least three years in every decade
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Troubled water over a bridge
Marine insurance is proving its value after the past week’s spectacular casualty in Baltimore
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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
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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
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Tipping point in the Red Sea
Wording of Conwartime and Voywar clauses are matters BIMCO could usefully revisit before the next crisis
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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
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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
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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
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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?
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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
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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
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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
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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
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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
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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
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Alternative fuels need to move beyond the VHS versus Betamax stage
One was the better product. The other actually succeeded in the marketplace
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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
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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
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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
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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
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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
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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
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