Seacurus Daily Top Ten Maritime News Stories 14/11/2014

Seacurus Daily Top Ten Maritime News Stories 14/11/2014


1. Cement Carrier Sinks off Philippines, 2 Missing

The captain and crane operator of a sunken cargo vessel remains missing while the rest of his crew were successfully rescued yesterday by a passing fishing boat 20 nautical miles north west of Naso Point in the Philippines.  "MV Vital" was reportedly underway from Carmen, Cebu to Cuyo, Palawan to transport its cargo of cement, when rough seas battered the ship causing it to tilt to port side and sink around 11:15PM local time. Four hours later, 11 of its crew were rescued by a passing fishing boat. The incident was reported to the local Coast Guard Station (CGS) who immediately conducted a search and rescue operation.




2. Guards thwart hijack attempt

An attempt by Somali pirates to hijack a cargo ship en-route to Israel on Tuesday was thwarted by armed Israeli security guards on board. The ZIM shipping company ship, which set sail from southeastern Asia a few days earlier, was carrying trade items destined for Israel when Somali pirates began to sail close to it near the entrance to the Red Sea, at the Strait of Bab el Mandeb, Ynet news reported. The pirates headed to the ship and when they noticed the armed Israeli security guards on board, they retreated and called for reinforcements. After the pirates made a second attempt the guards threatened to use their weapons.




3. Bunker Chaos After OW Collapse

The collapse of OW Bunker in the wake of an alleged fraud at its Singapore trading unit will shake up the city state’s more than $25 billion marine fuel market, the world’s largest, as major companies expand and small ones shrink amid a credit squeeze. OW Bunker, a leading supplier of marine fuel oil known as "bunker", filed for bankruptcy in Denmark a week ago after it revealed losses of at least $125 million at Dynamic Oil Trading, prompting banks to refuse to provide new credit lines. In a market that relies heavily on open credit, traders fear the incident could create a domino effect, pulling more companies down with it.




4. Getting Night Orders Right

The London P&I Club says its ship inspection department has recently observed a number of negative findings in connection with masters’ night order books. In the latest issue of its StopLoss Bulletin, the club noted, “The value of masters’ night orders should not be under-estimated in the quest for the efficient and safe performance of a ship, particularly during port calls. The club said: “When writing night orders, there are a number of points which could be included in the instructions to be considered by the master".




5. Company Seeks Liability Limit After Accident

A ferry company seeking to limit its liability to $7.6 million in the aftermath of a crash that exposed it to more than $75 million in claims has settled so many of them it has almost run up against its asserted maximum exposure under maritime law. What that means for the dozen passengers with millions of dollars in outstanding claims is unclear, especially because the firm designated as claimants’ lead counsel is asking that the court find someone new, given that all of its clients have resolved their claims.  SeaStreak LLC has been settling with allegedly injured passengers since the accident.




6. Port Ready for Mega Vessels

In order for ports to evolve and to allow them to welcome the latest and biggest vessels in the world fleet it is important to ensure that the channels and berths are deep enough to cope. As part of its efforts to ensure that its port is capable of servicing the next generation of ocean giants, ABP’s Port of Southampton has now completed a £40M dredge program. The world’s largest ships will now be able to access the Southampton Container Terminal with a draught of 15.5 meters.




7. Latest Piracy Reports from Asia

The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) reported two cases of siphoning of ship fuel/oil in October 2014, bringing the total number of such incidents to 11 so far this year. ReCAAP’s Information Sharing Centre said that it is concerned and will continue to work closely with the littoral states in monitoring the situation, and will encourage increased surveillance and enforcement. It reported a total of 18 incidents in October 2014, the bulk of which were petty thefts (60%). This was two incidents less than the 20 reported in October 2013.




8. Migrant Rescue Operation Ends

A year long operation set up by the Italian government to rescue asylum-seekers and refugees fleeing North Africa in overcrowded boats came to an end on 1 November, despite criticism from politicians, refugee charities, and church leaders. Operation Mare Nostrum was established after two separate disasters near the Italian island of Lampedusa. About 400 victims of human traffickers were drowned as their overcrowded boats sank. The operation, which involved search-and-rescue patrols across the Mediterranean, has now been replaced by the smaller EU-led Operation Triton, which will patrol only an area up to 30 miles from the coast.




9. IMO Speaks Out on Maritime Development

The International Maritime Organization (IMO) has said the goals of global economic development could not be achieved without shipping or maritime development. Mr. Koji Sekimizu, has tasked IMO Member States to ratify all its Conventions as a first step to ensuring their effective implementation across the globe, saying member states had a responsibility for their implementation. Mr Sekimizu stated these at the 2014 World Maritime Day, a parallel event held in Tangier, Morocco, which was on the theme: “IMO Conventions: Effective Implementation”.




10. Raise A Glass to Seafarers

A UK brewer has raised more than $260,000 for charity through the sale of its beer. The UK-based seafarers charity, Seafarers UK, says that this year alone, the brewer and premium pub company Fuller, Smith & Turner PLC, aks “Fuller’s”, has donated more than £30,000 to the organization through sales of its Seafarers Ale.

Fuller’s acquired the Gale’s-branded Seafarers Ale in 2005 and has since made a donation to Seafarers UK for every pint sold. The total raised to date exceeds £170,000, according to Seafarers UK, contributing to the organization’s annual grants of £2.5 million, paid to charities, that support seafarers in need.




Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions


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