The Lloyd's List Daily Briefing

Sanctioned trades are a risky, but potentially profitable business. Leaked documents offer anecdotal evidence as to what shipowners engaged in Iranian trades earned in 2021 and 2022: https://www.lloydslist.com/LL1150041/Leaked-charterparty-hints-at-premiums-earned-on-sanctioned-trades

A UK-sanctioned suezmax tanker has loaded a crude cargo from Russia’s Black Sea port of Novorossiysk and is sailing for Port Said, Egypt, with the voyage to reveal whether designated vessels can skirt Russia’s oil price cap: https://www.lloydslist.com/LL1150036/First-test-of-UK-shipping-sanctions-as-Russia-loaded-tanker-sails-for-Port-Said

Falling rates during what should ordinarily be container shipping’s peak season may be a welcome relief for shippers and a note of caution for the lines, but the box market forecast remains anything but clear: https://www.lloydslist.com/LL1150039/Box-sector-nervously-eyes-more-volatility-to-come

Volatility is the word of the hour as black swan event after black swan event continues to disrupt the container sector. Are things about to calm down, or ignite once again? https://www.lloydslist.com/LL1150040/The-Lloyds-List-Podcast-Is-the-container-rate-rollercoaster-just-getting-started

As a rule of thumb, governments either care about shipping enough to support it or else regard it with indifference: https://www.lloydslist.com/LL1150037/Congratulations-on-reelection-Ms-von-der-Leyen-Now-cut-red-tape-and-push-free-trade

D’Amico International Shipping has cancelled an agreement to acquire the 2017-built medium-range tanker Amfitrion, saying the seller could not deliver the vessel on time: https://www.lloydslist.com/LL1150028/DAmicos-435m-tanker-acquisition-falls-through

Coal demand reached an all-time high in 2023 as both India and China, the world’s biggest coal consumers, saw demand grow: https://www.lloydslist.com/LL1150032/Coal-demand-to-stay-high-in-2024-after-record-2023

Norwegian Car Carriers has confirmed that it has added a third pure car and truck carrier to a two-ship order, signed earlier this year at a Chinese shipyard: https://www.lloydslist.com/LL1150029/Norwegian-Car-Carriers-adds-to-newbuilding-orderbook-in-China

Tanker owner TOP Ships has clinched a deal worth ‘about $100m’ after signing up two 50%-owned medium range two product tankers on lengthy period charters: https://www.lloydslist.com/LL1150034/TOP-Ships-seals-seven-year-charter-extensions-for-product-tankers

Turkish refiner Tüpra? recovered crude oil from the tanker formerly named Suez Rajan on July 23-25, after the tanker was seized by Iran in January following a dispute with the US, the company said: https://www.lloydslist.com/LL1150030/Turkish-refiner-recovers-oil-from-tanker-seized-by-Iran

Ukraine’s armed forces have claimed a Russia-flagged vessel they hit earlier this week was carrying military equipment: https://www.lloydslist.com/LL1150038/Roro-hit-by-Ukraine-was-carrying-military-equipment-says-Kyiv

Maritime & Port Authority of Singapore and the city-state’s Energy Market Authority have shortlisted two consortia to build ammonia bunkering infrastructure and ammonia-fired power generation by 2027: https://www.lloydslist.com/LL1150035/Singapore-proceeds-with-ammonia-bunkering-plans

Maersk Line Ltd has been ordered to pay more than $700,000 in back wages and damages after the US Department of Labor found it illegally suspended and terminated a seafarer who raised safety concerns with the US Coast Guard: https://www.lloydslist.com/LL1150031/Maersk-ordered-to-pay-back-wages-to-seaman-it-terminated-by-US-Department-of-Labor

Air lubrication specialist Silverstream still sees role for efficiency gains even with lower-carbon fuels: https://www.lloydslist.com/LL1150023/Fuel-agnostic-Silverstream-future-proofs-for-greener-fuels

An overwhelming vote by members of the South Korean shipbuilding labour union suggests a potential strike in late August, if the wage negotiation with shipbuilders fail: https://www.lloydslist.com/LL1150033/South-Korean-shipbuilding-labour-union-to-launch-August-strike-if-wage-negotiation-fails