Top Ten Maritime News Stories 03/11/2015

 Seacurus Daily: Top Ten Maritime News Stories 03/11/2015


1. Mixed Piracy Message

The International Maritime Bureau (IMB) says a crackdown on piracy in Southeast Asia is bearing fruit, but the numbers have still been concerning. This sentiment seems to run contrary to other reports in which a 38% rise in SE Asian attacks has been reported.In all, this year has seen 154 vessels boarded, 21 attempted attacks and 15 vessels hijacked. A total of 226 crew were taken hostage, 14 assaulted, 13 injured, 10 kidnapped and one killed. 


2. Carbon Tax Sting

The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse gas emissions likely. Any tax – either a levy based on fuel use by diesel-driven ships or a market based mechanism – would add to rising costs for the industry, which transports 90 percent of world trade. A draft Paris text makes scant mention of reducing CO2 from marine bunker fuels. Yet ship industry sources say some form of taxation is expected to come in the wake of any deal at the Nov.30-Dec. 11 summit. 



3. Courts Rule on Owners Rights

Court of Appeal decides bunker supply contracts between OW Bunker and Owners are not covered by SOGA 1979. The much-anticipated judgment has confirmed that the bunker supply contract in question, which incorporated OW Bunker’s standard terms and conditions, was not a contract for the sale of goods within the meaning of the Sale of Goods Act 1979 (the Act). An application by Owners for leave to appeal to the Supreme Court seems likely given the importance of the issue and the requirement for certainty regarding the respective parties’ rights and obligations. 




4. Petrobras Nearly Kills Offshore Company

The decision by Petrobas to cancel charters for two of World Wide Supply’s OSVs has put the Norwegian company on the brink and forced it to take legal action against the Brazilian energy major. Via the company’s Brazilian lawyer Petrobras has been notified that the termination is considered unlawful and that the Brazilian firm has a contractual obligation to pay $4m hire over a three month period. The termination of the contracts has caused World Wide Supply to have only two of its four vessels employed. The company’s liquidity is now reduced to$ 5.6m making it in breach of the $7.5m minimum liquidity covenant set out in a bond loan. 



5. Buying Back Own Ship

Norwegian shipowner Axel C. Eitzen is back in bulk, with his first ship purchase in a handful of years, according to Norwegain daily Dagen Næringsliv. The dry cargo specialist, who previously had controlled more than hundred bulkers in a then listed outfit, told the paper that he wants to grow again in this segment,  that he left some years back when the Eitzen Bulk fleet was sold. The seven-year-old Japanese built supramax, Ultra Tradition, is not a new ship for Eitzen, the vessel was controlled by Eitzen Bulk in the past.  The seller appears to be Japan’s  Shoei Kisen Kaisha and a price is estimated to be around $12m. 



6. Getting Smart on Data

“Data-smart shipping is a lot about leveraging and capitalizing on already existing opportunities. It’s not only about generating new big sets of data, but about using and managing the data already available in a smart way,” said Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, in his introductory speech at DNV GL Innovation Day 2015.  The journey towards greater digitalization has already started, he noted. “Fuel saving is one of the first playing fields, where owners have already invested and where they can expect cost savings by applying new technologies. The second area of interest is certainly asset integrity management,” he said.



7. Offshore Future is About Adapting

Mike Sano, ABS Manager of Energy Development, has been speaking on developments in the offshore support vessel (OSV) scene and the expected trends in the OSV market at present. In the course of the last decade, OSVs have become increasingly sophisticated and technically advanced. Today, many OSVs are multipurpose vessels that have capabilities that far exceed those of the fleet only 10 years ago. Specialized multipurpose designs carry out maintenance and repair on platforms, facilities, subsea pipelines, wellheads, and equipment. Today, in such a tight market being able to adapt to tasks is key. 




8. Whale Zone Pleas Ignored

Efforts by a non-government organisation (NGO) to get containerlines to slow down when transiting south Sri Lanka and to transit the area further south to protect whales in the area have thus far fallen on deaf ears. Pigmy blue whales and other whales feed and breed in the area of the Indian Ocean just south of Sri Lanka. The same area is crossed by more than 5,000 ships per month. Not only do whales die from colliding with these ships, but the sound from the vessels affects breeding and the local ecosystem, according to Friend of the Sea’s founder and director Paolo Bray. 



9. Seafarer Award for NYK

NYK has been recognized with the 2015 Seafarers Safety Initiative Grand Prize awarded by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) for the company’s seafarer safety activities. The award recognizes the safety training provided to NYK’s seafarers and the subsequent awareness demonstrated through the company’s Safety Experience Training and Power + (Power Plus) Project program. In NYK’s Safety Experience Training, the precursors to crew accidents on board are reproduced to encourage safe behavior and an awareness of dangers. 


10. Drillship Delivery Cancelled

Samsung Heavy Industries Co., a major South Korean shipbuilder, is facing cancellation of an order for a US$181 million drill ship that has already been built and is ready for delivery, the company said. The ship, Pacific Zonda, was set to be delivered to Luxemberg-based Pacific Drilling on Tuesday, but the offshore drilling company has refused to accept the delivery and said it was canceling the order, company officials said. Pacific Drilling cited a delay in delivery, which was originally set to be made late June, they added. The last-minute cancellation, if upheld, will significantly add to difficulties already facing the South Korean shipyard. 




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


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