Seacurus Daily Top Ten Maritime News Stories 16/12/2014

Seacurus Daily Top Ten Maritime News Stories 16/12/2014

1. Ghost Ship Arrests
Italy’s Guardia di Finanza, (financial police), have arrested six people accused of stealing millions of euros from the state with a fake contract to refuel a sunken navy tanker. Three navy officers were arrested for their part in the plot. Italian businessmen supplied on paper 11 million liters of oil to a military base in Sicily for a tanker which had sunk in 2013. According to AFP, the culprits submitted a bill for over 7.0 million euros ($8.7 million) to the Treasury.
2. Land and Ice Grab
Denmark has claimed ownership of around 900,000 square kilometers of the continental shelf in the Arctic Ocean by filing documents to United Nations. "The submission of our claim to the continental shelf north of Greenland is a historic and important milestone for the Kingdom of Denmark," minister of foreign affairs Martin Lidegaard said in a statement. Denmark, Canada, Norway, Russia and the US are eager to control as much Arctic territory as possible.
3. Panama Lock Gates Installation
The installation of the gates for the new locks of the Panama Canal have begun on the Atlantic side of the waterway, the Panama Canal Authority  (ACP) reported. “This is a very important milestone for the Expansion Program,” said Administrator Jorge L. Quijano. “We see how the new locks are rapidly taking shape as we move towards the successful completion of the project.” The gate will be located in lock head two in the new locks on the Atlantic side.

4. Action on Seafarers Rights
A "Flag of Convenience Action Week" to protect and promote the rights of seafarers commenced at Kochi Port this week. FOC Action Week is a global campaign initiated by the ITF, particularly in Indian and Pakistani ports, to control the menace of substandard shipping. The week-long campaign highlights the dangers posed by FOC vessels to seafarers. Seafarers on FOC ships frequently suffer as a result of abandoning of vessels by their owners the ITF states.
5. Salvaging Grounded Cruise Ship
The Philippine Coast Guard is preparing to salvage a Panamanian cruise ship that ran aground off General Santos City on Friday. The MV Victory Pacific was traveling from Mexico City to Singapore when it ran out of bunker fuel. It was forced to use diesel fuel, and ran aground while trying to reach Makar port to refuel. A Coast Guard official said that the vessel hit a shallow area while it was on its way to the anchorage area.
6. Facing up to New Rules
The global shipping industry is faced with a flurry of new rules and regulations, often unilateral, as has been the case with EU’s recent decision to impose the monitoring of shipping emissions from ships on the region water’s. Patrick Verhoeven Secretary General of the European Community Shipowners’ Associations (ECSA), has highlighted the European Shipping Week, aiming to make European policy-makers aware of the added value shipping brings.
7. Nigerian President Looks for Support
President Goodluck Jonathan has reiterated his call for stronger and more effective regional, continental and global alliance to rid the West African sub-region of terrorism, piracy and violent extremism. Jonathan made the call in his welcome address at the 46th Ordinary Session of the Authority of Heads of State and Government of ECOWAS. He said it was "worrisome" that the ravaging scourge of terrorism threatens the peace and security of the sub-region.
8. Looking to Problems and Challenges
Calls for strengthening the promotion of academic management and technical activities were made at a recent Panama International Maritime University (UMIP) forum. During the event there was a strong focus on maritime disasters and claims, maritime security on Panamanian coasts, and analysis of risk prevention in the Customs system. These are all key areas for Panama to address, and they need to skills to excel at them.
9. Singapore Bunker Sales Fall
Singapore bunker fuel sales fell 1.26% month on month to 3.55 million mt in November, and were up 5.2% year on year, Maritime and Port Authority data released Monday showed. Some trade sources had been expecting a steep month-on-month fall in November volumes due to the collapse of OW Bunker at the start of the month, which tightened credit terms and prompted talk in the market of shipowners diverting to other ports with fewer credit issues.
10. Post OW Collapse Legal Scramble
A group of at least nine institutional investors have started an investigation into bankrupt OW Bunker with a view to possible legal action to claim compensation. In a statement issued by pension fund APT, jointly with other institutional investors. “The investigation is to determine the possibility of asserting legal liability and claiming compensation,” the group of investors said.

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


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