Lloyd's List: The Shipping Podcast

It is a seller’s market at the moment in the ship recycling sector, thanks to a shortage of tonnage. But Hitesh Vyas of the Singapore-based cash buyer Wirana says in this first of six podcasts that this could change, depending on the outcome of the situation in the Gulf.

This episode of the Lloyd’s List podcast is brough to you by Veson. Visit www.veson.com for more information
Open, closed, and now open again?

Optimism that traffic might return to something resembling normality fairly quickly turned to uncertainty again as the Islamic Revolutionary Guard proclaimed the Strait of Hormuz closed on Saturday. It accused the US of not following its agreement and cited Israeli strikes on Lebanon as rationale for closing the strait again.

How, as a shipowner, do you begin to decide whether to transit the strait or return to the Middle East Gulf? Will you have to pay a toll? What are investors making of the uncertainty?
To answer those questions, Lloyd’s List senior reporter Joshua Minchin was joined by:
• Richard Meade, editor-in-chief, Lloyd’s List
• Cichen Shen, Asia Pacific editor, Lloyd’s List
• Tomer Raanan, maritime risk analyst, Lloyd’s List

Trusted data is essential for shipping to get the best from the AI revolution, argues Russ Hubbard, Chief Commercial Officer of Veson Nautical.

In this podcast, he explains why that is the case and considers the future impact of further AI implementation on maritime companies and their personnel.

IT’S now been two years since the EU Emissions Trading System was extended to shipping. But it hasn’t always been a happy relationship.

Shipowners are not necessarily keen paying extra taxes, especially the green variety. Meanwhile operators in Asia are not fond of having to create accounts in EU countries to report and pay their emissions bills, without seeing any of the revenue.

On the other side, greens don’t like the ETS because the extra cost per tonne — about €70 to €80 ($81 to $93) over the past year — isn’t enough to make switching to greener fuels worthwhile.

Shipping’s share of ETS credits is about sixty to eighty million a year – less than 10% of the market, so the price of those allowances is outside the industry’s control.

It’s considered a good regulation for emissions on land, but a poor one for emissions at sea.

But now, an opportunity for change is on the horizon.

To find out what changes shipping wants, Lloyd’s List senior reporter Declan Bush spoke to World Shipping Council vice president of environment and climate, Simon Bergulf.

This episode of the Lloyd’s List podcast is brought to you by Veson. Visit www.veson.com for more information

EVERY year, seafarers are held for months on end on suspicion of crimes that ultimately, there is little evidence they had anything to do with.

Whether its pollution events or, as is increasingly common, suspected drug smuggling, crew are often the only potential perpetrators investigators can lay their hands on.

So is there a lot the industry can do to stop this? Once seafarers do land themselves on the wrong side of the law, how can flag states intercede on their behalf?

Joining Joshua on the podcast this week are:

Ben Bailey, director of programme, Mission to Seafarers

Kiran Khosla, principal legal director, International Chamber of Shipping

Eleni Antoniadou, lawyer, Gard

Leo Bolivar, country manager, Marshall Islands Registry