Lloyd’s List is the world’s leading source of news, analysis and data for shipping businesses and professionals. We help our customers make sound business decisions by highlighting key risks and opportunities via accurate and timely insights into their markets.
The Lloyd’s List Podcast: Why 2023 is pivotal for the decarbonisation of shipping
Before you listen to this week’s edition of the podcast, register for the Lloyd’s List webinar on February 15 at 2pm UK time: Digitalisation - a game changer for decarbonisation?
Join our webinar to explore the world of Digitalisation as a Service (DaaS). Our panel of experts will review its potential as a game-changer for decarbonisation and improved operational efficiency.
Register now: https://bit.ly/3H5gJwp
This year is going to be pivotal in the race to decarbonise shipping. Come July, the International Maritime Organization is expected to adopt a revised Strategy for Reduction of GHG Emissions from Ships.
Now that may not sound particularly seismic, but what is, or is not, agreed in July is going to determine the regulatory landscape of the shipping industry for decades to come.
An agreement that is aligned to the 1.5 degree Paris agreements targets, that is well-to-wake (rather than tank to wake) and wrapped up with the right detail about pathways to 2030, 2040 as well as the headline 2050 goal, and on top of that has all the right language inserted to ensure an equitable transition – well that is the target.
That’s the gold standard that aligns with the climate science and will keep shipping on track.
What we actually end up getting is going to be the multi trillion dollar question.
The further away from this ideal target, the more complex, fragmented and costly it will become for shipping businesses from here on out.
The more ambiguity we have the harder it will be to attract investment and all of the difficult conversations yet to come about market based mechanisms, carbon pricing and fuels – well that becomes more and more difficult the more move away from that targets.
Investment decisions get pushed back because the demand signals are not there and yet again the industry has lost another five years waiting for the next policy review to correct the last sets fudges and so the can gets kicked down the road and several key member states start disappearing underwater.
Speaking on this week’s edition:
• Katharine Palmer - Shipping Lead, UN Climate Champions team
• Susan Ruffo - Senior ocean and climate advisor at un foundation
• Aoife O'Leary - Head of Opportunity Green, a non-profit using law & economics to solve international climate issues
Why safety trumps everything else on shipping’s agenda
Sponsored content: Bureau Veritas Marine & Offshore group president Matthieu de Tugny talks to Lloyd’s List editor Richard Meade about why class societies have a critical role to play in ensuring shipping remain safe and reliable as we look to rapidly adopt new technologies, new fuels and new cargoes.
The Lloyd’s List Podcast: Where have all the pirates gone?
Shipping’s persistent piracy problem has all but disappeared off the radar of late.
Attacks are still happening of course, but according to the International Maritime Bureau’s latest annual report maritime piracy and armed robbery attacks have reached their lowest recorded levels in 30 years.
Last year there were five attempted hijacks of ships recorded, only two of them were successful and only one of them saw pirates fire weapons.
Compare that to the relative recent heyday of the Somali piracy scourge where hijacks attempts were happening daily and in 2011 alone the 237 attacks cost the industry $8.3bn in ransom and insurance costs – it seems the piracy risk has subsided.
So, have the pirates hung up their Kalshnikovs for good?
Well, piracy in the Gulf of Guinea, the epicentre of today’s most significant security hotspot, has clearly been on a downward trend in the past few years, but illegal oil bunkering and pipeline vandalism is at an all-time high. And while the hijack business model may have been broken, armed robbery against ships, particularly in domestic waters, is also not going away.
So, this week on the podcast we are looking at what the recent lull in piracy activity means for maritime security and whether it really has disappeared. We look at the regulatory crackdowns and also explore whether the current lull in piracy is really just a rebranding statistics and rampant underreporting.
Feature expert insights from
• Cyrus Mody, the deputy director of the International Maritime Bureau
• Martin Kelly, Lead Intelligence Analyst at EOS Risk Group
• Jakob Larsen, Head of Maritime security, BIMCO
• Stephen Askins, Partner at Tatham & Co
Can the Ukraine grain corridor survive 2023?
THE deal to allow the safe transport of grain out of Ukraine by sea was an extraordinary and unprecedented agreement between enemy combatants. And the fact that it has seen 17 m tonnes exported to dates has, quite literally been a matter of life and death as well as a minor diplomatic miracle.
But the initiative is deeply flawed and survives despite its status as a political bargaining chip and routine threats from Russia to shut it down.
Despite its drawbacks and limitations it is our view that the deal will likely survive 2023, but there are few guarantees and several risks factors which could yet scuttle this essential lifeline.
So, we’re taking a deep dive into the Ukraine grain corridor this week on the podcast, bringing you insights from three of the world’s leading experts as we examine how sustainable the grain corridor is and the role it plays in wartime economics, policy and diplomacy.
Despite the flaws in the system, what has become clear is that the corridor has gone some way towards easing bottlenecks and business operations
Lloyd’s List’s data analysts Bridget Diakun has been following the evolution of the Ukraine corridor since its inception and leads the discussion in this week’s edition featuring three of the world’s leading experts on the topic:
Stanislav Zinchenko is the CEO at GMK Centre, Ukrainian consulting focusing on European steel markets
Yoruk Isik, a geopolitical analyst from the Istanbul-based consultancy Bosphorus Observer
Cormac Mc Garry, associate director at Control Risks
Innovation through the merger of maritime and non-maritime expertise
A sponsored podcast in association with Rightship
Maritime is in transition in many ways – from analogue to digital, from fossil fuels to alternative energy sources, and from a focus on the skills available within the industry to the skills we need to bring in from outside shipping.
However, industries do not transform themselves. They are transformed by leaders who understand the critical need to keep their businesses relevant to their customers.
Transformation is never easy. Sometimes it fails, but for those leaders who recognise the challenges and plan for transition, it can be the catalyst for sustained growth.
RightShip is a company in transition from a vetting organisation led by major charterers to a digitally focused due diligence business.
It grew out of Australia’s ‘Ships of Shame’ enquiry and launched with safety at its heart, however over the past two decades it has added the pillars of sustainability and social responsibility.
That has meant bringing in expertise from outside the business, often with no knowledge of shipping or the traditional ways of the maritime world.
Marrying maritime with financial or technology expertise isn’t easy. But in this Lloyd’s List podcast, RightShip’s chief technology officer Marlon Grech and chief product officer Christopher Saunders confirm that it can be done effectively.
Mr Grech and Capt Saunders reveal how both maritime and non-maritime expertise have learnt the value of working alongside one another in a common project, tapping into the passion both parties have for what they do.
They discuss the importance of a technology culture within a transforming business, and the willingness to think outside the traditional maritime box. They share ways of working together and suggest technology solutions that have already made a difference outside maritime.
“It was clear very early on that Marlon and his team were super-passionate about making a difference,” Christopher Saunders concludes. “That has led us on a journey, innovating, asking why and finding new ways to solve problems together.”
This podcast has answers to key questions for maritime’s new age of innovation.
The Lloyd’s List Podcast: Here’s what we think 2023 is going to look like
It's a tough gig making predictions, especially about the future – but it’s that time of year where bold editorials types like to breathe deep the festive spirits, polish their crystal balls, embrace their inner Pythian oracle to offer their predictions for the year ahead.
As is now traditional, the Lloyd’s List editorial team have gathered around the microphone this week for their annual forecasting session, guided by regular Lloyd’s List Podcast host and editor, Richard Meade.
This year’s outlook edition features predictions on the swing factors in tankers, the pivotal role of China and Ukraine, the state of the orderbook, union battles and of course the ever sexy world of marine insurance.
This year’s edition features the dulcet tones of:
• Michelle Wiese Bockmann, our markets editor
• Richard Clayton, our chief correspondent
• Nigel Lowry, our Greece correspondent
• Rob Wilmington, our data and fleet specialist
• Tomer Raanan, our man in the US
• Cichen Shen, our Asia editor in Hong Kong
• Bridget Diakun, our data Queen and Ukraine expert
• And David Osler, our law and insurance editor
Great and interesting pod
very interesting pod on a topic where there is very little news or public knowledge.