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The Lloyd’s List Podcast: What happened to supply chain resilience?
24:42Between Black Sea disruption and two key canals choking under the pressure of climate and war, a triple whammy of blocked arteries threatens world trade. The impacts on the wider global economy could be profound. So what happened to all that talk of supply chain resilience? We have drafted in a couple experts this week to help me make sense of it all: Ryan Petersen, the founder and CEO of digital freight forwarder Flexport Jan Hoffmann, Chief of the United Nations Conference on Trade and Development (UNCTAD), Trade Facilitation Section For More information about Lloyd’s list Intelligence’s Predictive Fleet Analytics, follow this link: https://www.lloydslistintelligence.com/services/data-and-analytics/predictive-fleet-analytics?utm_source=Lloyd%27s_List__Podcast_Referal&utm_medium=Banner&utm_campaign=PFA_Red_Sea_Crisis&utm_id=PFA_Pursuit_Team
The Lloyd’s List Podcast: Why are some shipowners prepared to run the Red Sea gauntlet?
31:02A tipping point has been reached in the Red Sea. The industry is now divided between those who have called the Middle East security risk as a mid-term diversion to be managed, and those who are prepared to run the gauntlet of near daily attacks on the basis that the Houthis will only target ships with an Israeli, US or UK nexus. While containerships have been diverting away from the Suez Canal since mid-December, tankers and bulkers finally started making the call to follow them last week as US and UK airstrikes against the Houthis failed to stem attacks and insurance rates spiked in response. We’re already seeing the impact of that as product tanker rates rallied and the fallout will continue to be felt this week as we see who is and is not prepared to sail past Yemen. A total of 43 tankers have diverted from the Red Sea since the US-led air strikes began on January 12 – the wait and see period for shipping is well and truly over. This week on the podcast We are going to be talking about: • The differing approaches to this risk and why an increasing amount of China-linked vessels are venturing where their western counterparts are not. • We discuss the evolving nature of the security threat in the Red Sea and, a month into the coalition naval operation to protect shipping, where the industry stands given the apparent failure of air strikes to stem the Houthi threat. • We reveal the vessel tracking analysis the reveals just how much traffic is diverting and what impact that is having. • And we explain why understanding the incentives to re-route is key to understanding why we have not seen a more universal re-routing around the Cape of Good Hope. Speaking on this week’s edition of the podcast: • Michelle Wiese Bockmann, Lloyd’s List Intelligence principal analyst • Bridget Diakun, Lloyd’s List data analyst • Cichen Shen, Lloyd’s List Asia editor • Nigel Lowry, Lloyd’s List Greece correspondent • Martin Kelly, head of advisory, EOS Risk Group For More information about Lloyd’s list Intelligence’s Predictive Fleet Analytics, follow this link: https://www.lloydslistintelligence.com/services/data-and-analytics/predictive-fleet-analytics?utm_source=Lloyd%27s_List__Podcast_Referal&utm_medium=Banner&utm_campaign=PFA_Red_Sea_Crisis&utm_id=PFA_Pursuit_Team
The Lloyd’s List Podcast: Red sea risk explained
33:54It seems that 27 was the magic number in the end. That was how many attacks the Houthi’s landed on international shipping before the inevitable military response was triggered. On January 12th America and Britain responded with more than 60 sea and air attacks on Houthi targets in Yemen in an attempt to restore open passage, expanding the scope of the Middle East conflict. As we recorded this week’s extended edition of the Lloyd’s list Podcast on Friday we had to insert the significant and inevitable caveat that by the time you listen to this one the details will have changed – the risk assessments that were being conducted day by day are now being reassessed on a hour to hour timeline. President Joe Biden threatened further military action and said America would not allow “hostile actors to imperil freedom of navigation in one of the world’s most critical commercial routes”. The immediate impact is clear – we had already seen the boxshops diverting around the cape of good hope, but in the aftermath of the air strikes on Yemen we’re seeing an increasing amount of tankers and bulk carrier follow suit. This matters in terms of the immediate market implications, but it also matters on geo-political level. The vulnerability of supply chains to shocks is well understood, but just how much protection can navies offer shipping today? Today we’re looking at the Red Sea, but what about the Taiwan strait? The Black Sea, the Arctic? Freedom to trade is not a given and the naval response to this latest threat is being carefully watched by everyone. Speaking on this week’s edition of the podcast we have: • Lloyd’s List Intelligence principle analyst Michelle Wiese Bockmann • Sal Mercogliano the renowned American maritime historian and professor • Lars Jensen, containers analyst and chief executive of Vespucci Maritime • David Wech, chief economist at Vortexa For More information about Lloyd’s list Intelligence’s Predictive Fleet Analytics, follow this link: https://www.lloydslistintelligence.com/services/data-and-analytics/predictive-fleet-analytics?utm_source=Lloyd%27s_List__Podcast_Referal&utm_medium=Banner&utm_campaign=PFA_Red_Sea_Crisis&utm_id=PFA_Pursuit_Team
Fuelling the journey to net-zero
17:42This sponsored edition of the podcast is produced in association with ExxonMobil In July, MEPC 80 agreed a new GHG strategy with a destination of net-zero GHG emissions by, or around, 2050. But will the fuels be ready and what does ‘net-zero’ actually mean? In this podcast, Christophe Pouts and Ken Kar of ExxonMobil address the challenge of reaching net-zero GHG emissions in maritime transportation and call for industry collaboration to make it happen.
The Lloyd’s List Podcast: What’s keeping the new IMO secretary general awake at night?
23:53The new International Maritime Organization secretary general Arsenio Dominguez joins the Lloyd’s List Podcast this week to discuss the challenges ahead, his leadership style and just how much influence the 'SG' really has in setting the industry’s agenda. Happy new year to all Lloyd's List Podcast listeners
The Lloyd’s List Podcast: The outlook for shipping in 2024 and beyond
1:09:37Each year, Lloyd’s List likes to gather a group of industry leaders, lock them in a room and not let them leave until they have divined the fate and fortunes of the shipping industry for the year to come. And that’s what we did this week in London at the annual Lloyd’s List Outlook Forum. Having gathered a baseline of crowdsourced knowledge from the ever insightful Lloyd’s List readers we invited an all star line up of industry leaders and guests to join us for a discussion of the opportunities and threats that will be shaping shipping next year and beyond. Now we do that because, well frankly it’s entertaining. But there is a real value in these conversations because as anyone who has been listening to this podcast will know, the industry is changing, radically in parts, less so in others, but the business of shipping is having to adapt. Understanding the tipping points that will determine the future of the industry is important. The forces that are determining the course of shipping’s zero-carbon transition — and, with it, the future of the commercial architecture of the industry – that’s all playing out in front us right now. There has been a step change in the industry conversation this year. It's messy. Not all regulation is fit for purpose; not all companies are doing what they have pledged; and the industry is still off track from where it needs to be. And yet the maritime conversation has finally shifted from aspiration to action. • Dr Alexandra Ebbinghaus, GM Decarbonisation, Shell • Eman Abdalla, Global Operations Director for Cargill Ocean Transportation • Nikolaus H. Schües, President of BIMCO and CEO and owner of Reederei F. Laeisz • Michael Parker, Citi global shipping, logistics and offshore chairman and chair of the Poseidon Principles
The Lloyd’s List Podcast: Why are three P&I clubs dishing out $80m?
38:37Three of the five International Group affiliates that have announced strategies for the 2024 renewal have included sweeteners totalling more than $80m. But are the payouts as generous as they look? This week’s edition of the podcast offers a deep dive into the P&I landscape at the halfway point in renewal season. Lloyd's list Insurance Editor David Osler take the lead this week, talking to: Jonathan Andrews, chief executive of Steamship Mutual, who was in dialogue with Alex Vullo, a director of leading broker Gallagher; Tom Bowsher, chief executive of West of England; and Thya Kathiravel, chief underwriting officer of Britain’s biggest P&I club, the recently merged NorthStandard.
The Lloyd’s List Podcast: How does an economist solve shipping’s climate conundrum?
31:49Two of the shipping industry’s leading academics, Professor Siri Pettersen Strandenes and Dr Martin Stopford join the podcast this week to discuss everything from the shifting nature of shipping economics to the digital and logistic solutions they would urge the industry consider in response. To hear more about the topics discussed in this week’s edition make sure you join us next week for a very special Lloyd’s List live webinar on Thursday 16th at 2pm UK time. We will be discussing whether shipping’s zero carbon transition is on track. Register now here: https://lnkd.in/erSdy42R
The Lloyd’s List Podcast: Is shipping changing quickly enough?
31:53On pretty much every metric you care to think about right now, the industry does not have sufficient pace behind the transitions required. But you knew that already, so we are exploring the reasons why in a little more depth in this week’s edition of the podcast. Like last week’s edition these conversations all stem from around the recent Global Maritime Forum held in Athens, but they are part of a wider series of conversations with industry leaders about the tipping points in the industry and how the sector is evolving. This week, Lloyd’s List editor-in-chief Richard Meade is talking to: • Saskia Mureau, Digital director at the Port of Rotterdam Authority • Johannah Christensen, Managing Director, Head of Projects & Programmes, of the Global Maritime Forum • Paul Taylor, Managing Director, Global Head of Shipping and Offshore, Societe Generale • Steen Lund, Chief Executive RightShip • Rajesh Unni, Founder & CEO - Synergy Marine Group
The Lloyd’s List Podcast: Why moving from ambition to action is easier said than done
33:08The zero emission capable ships may be coming, but they are not coming quickly enough. But even if we squint and avoid the question of how environmentally friendly a theoretically environmentally friendly ship really is, the ships aren’t really the biggest problem right now. It’s the lack of zero carbon fuels coming down the pipeline that’s keeping most industry executives awake at night. The scale of the challenge to produce green fuels is being vastly underestimated and all the imagined green corridors in the world are not going to scale up demand at a pace that is needed. For shipping to progress towards the next phase of this fuel transition, and in order for it to be in line with the ambitions set out at MEPC 80, there needs to be a fundamental shift in terms of policy, investment, public private partnerships and let’s face it, a leap of faith by investors on all sides. The Lloyd’s List Podcast comes from Athens this week, specifically from inside the Global Maritime Forum. And this edition focusses specifically on a few of the key conversations about progress towards shipping’s zero carbon future. The theme of this year’s GMF was moving from ambition to action - and that’s important because we’re at the point now where we are in danger of stalling and we need to see those pilot projects and agreements in principle start to scale into something more tangible. Speaking on today’s podcast you will hear: • Jan Dieleman is the President of Cargill Ocean Transportation, Chair of the Global Maritime Forum • Michael Parker, Citi global shipping, logistics and offshore chairman and chair of the Poseidon Principles • Katharine Palmer. Shipping Lead at the UN Climate Champions team Dr Tristan Smith, Associate Professor in Energy and Transport at UCL and Director of consultancy UMAS