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SOON the International Maritime Organization’s Marine Environment Protection Committee will meet again, as a final decision on its Net Zero Framework looms. Significant investment has already been made, but the same old problems remain: without clarity, how can shipping companies be asked to commit resources? Without greater clarity and a way to close the price gap between alternative and conventional fuels, it is those who have moved first that will be left picking up the tab. Joining Lloyd’s List senior reporter Matthew Rajendra on this episode are: Houda Dabboussi, president, Shell Marine Farid Trad, vice president, energy & bunkering, CMA CGM Alexander Prokopakis, executive director, The International Bunkering Industry Association
Shadow fleet vessels are returning to mainstream trade, drawn by a freight market that owners are eager to tap. But how long does a ship’s past follow it? At the Lloyd’s List Intelligence New York City Outlook Forum, sanctions specialists said there is no clear limit on when past behaviour is wiped. Any return to the mainstream will also be limited by ownership, conduct and whether a vessel is serviceable and insurable. In part two of this episode from New York, we ask why vessels are leaving the shadow fleet, how far back a ship’s history matters, and why recycling them is harder than it sounds. Joining senior reporter Joshua Minchin on this week’s podcast are: Richard Meade — editor-in-chief, Lloyd’s List Claire O’Neil McCleskey — founding partner, Clarity Compliance Consulting Claire Grunewald — founding partner, Clarity Compliance Consulting Manny Levitt — international trade attorney, Holland & Knight LLP Tomer Raanan — senior maritime intelligence analyst, Lloyd’s List Intelligence
Hydrex CEO Boud Van Rompay says shipowners and insurers should assess underwater repair options before committing to full salvage. The approach aims to restore vessels safely and quickly while reducing disruption and expense
Vessels continue to transit the Strait of Hormuz and they continue to be attacked: so how much longer can this go on for? At the Lloyd's List Intelligence New York City Outlook Forum, analysts discussed the security situation and explained that the level of support being provided by the US is not sustainable forever, with a bill to be paid eventually. And for those oil producing nations around the gulf, their reliance on the Strait of Hormuz has been made quite apparent to them in recent months. Yet according to some in New York, their options for alternative export lanes are limited by internal struggles and simple geography. So where does that leave us? In part one of this episode from New York, we examine why Iran wants transits to be expensive, ask how much longer the US can sustain its support, and find out why pipelines aren't the easy answer they appear. Joining senior reporter Joshua Minchin on this week’s podcast are: Richard Meade, editor-in-chief, Lloyd’s List Joshua Tallis, research program director, ally and partner security affairs, CNA Corporation Noam Raydan, senior research fellow, The Washington Institute For Near East Policy
With available ship recycling tonnage scarce, leading recyclers are offering attractive prices, says the vice-president and green recycling coordinator for cash buyer Wirana. For the longer term, he reflects on some regulatory developments likely to reach conclusions in the coming months
THERE’S been quite a bit more optimism around nuclear power. There is hope that next-gen small modular reactors made on a shipyard-based assembly line will enable fast, zero-emissions shipping, with far less refuelling. The US government is getting behind this in a big way. Its Department of Transport has signed a deal with British start-up Core Power to come up with a framework for nuclear merchant ships, including the potential for specialist nuclear shipyards. The Port of Houston is looking at floating nuclear power, and the energy department is looking into all sorts of future maritime applications. None of this is about decarbonisation; energy dominance is the new buzzword. But there are still big questions about whether nuclear can succeed. Joining Declan to discuss the viability of nuclear shipping are: Mikal Bøe, chief executive, Core Power Farah Bziker, research fellow, University College London Professor Stephen Thomas, emeritus professor of energy policy, University of Greenwich
International insecurity is placing seafarer welfare under increasing pressure. This podcast, featuring London P&I, outlines risks and priorities for owners, clubs and crews
Container shipping’s orderbook looks significant, tanker contracting is rising again and dry bulk is becoming more top-heavy — but Lloyd’s List markets editor Rob Willmington says the headline numbers only tell part of the story
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Lloyd’s List is the world’s leading source of insight, analysis and data for shipping businesses and professionals
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