Top Ten Maritime News Stories 30/06/2016

Seacurus Daily: Top Ten Maritime News Stories 30/06/2016
1. Industry Tries to Calm Nerves
The UK decision to exit the EU is expected to have little direct impact on the containership sector, as the country handles only 1.4 percent of global container volumes. The country’s market share in terms of port throughput had been in steady decline for over a decade, down from 3 percent in 2000 to a low of only 1.2 percent in 2013. The UK’s share of European container throughput has declined over the same period from 13.9% in 2000 to 8.9% to 2015.

2 Sunken Wreck Raised
The bow of the sunken freighter Flinterstar that sank in October 2015 off the coast of Zeebrugge was successfully lifted after weeks of preparation, DEME Group said. In April Dutch shipping company Flinterstar III BV, the owner of the 9,000 dwt vessel that sank after colliding with an LNG tanker, signed a contract with a consortium of Belgian salvage companies headed by SCALDIS, a joint venture of DEME, Jan De Nul and Herbosch-Kiere, to remove the wreck.
3. Plans for SE Asia Storage
Oil traders plan to fill storage tanks and ships with crude in the third quarter to ride out a low demand season in Asia, hoping to cash out in the fourth quarter when prices rise. At least two trading houses have chartered supertankers to store crude off Singapore, taking advantage of lower freight rates and spot crude prices. More oil is expected to head into regional tanks ahead of the September to November refinery maintenance season.
4. Plans for Remote Ships First
Rolls Royce is testing how much human interaction should be required to operate new plans for "ghost ships". However, it believes that a hybrid of land-based RC and computerized sailing is the best option – so seafarers of a sort will be needed. Rolls Royce stated a crew will sometimes be required. That includes different stages of a cargo ship’s journey such as docking. However, the company suggested that sensors and satellite communications would be helpful.
5. Insider Trading Further Fall-out
Hanjin Shipping’s ex-chairwoman Choi Eun-young has been summoned again by the Seoul Southern District Prosecutors’ Office on suspicion of illegal insider trading. Choi is accused of selling Hanjin Shipping stocks in April, just before the Korean line announced it would undergo a creditor-led debt restructuring. The charges accuse Choi of violating Korea’s Financial Investment Services and Capital Markets Act.
6. IMO to Set New Sulphur Cap
The IMO is expected to decide on the implementation timing of the global 0.5% sulphur content cap for marine fuels in October this year, and the International Bunker Industry Association (IBIA) has outlined the potential implications of the regulation and options for the industry. Under IMO’s Marpol Annex VI regulation, a review is up on 2018 to decide on the enforcement of the global 0.5% sulphur content limit in 2020 or 2025.
7. Warranty Standard Approved
The energy industry’s only Standard for the warranty approval of marine operations is published  by DNV GL. The Standard is the first to deploy a digital solution that provides users with information most relevant to a specific project.
DNV GL Standard DNVGL-ST-N001 Marine operations and marine warranty, documents design and operational requirements for the temporary phases in the development of offshore assets, including transportation by water.
8. Effects of Panama on Bunkers
The total volume of the Panama bunker market has increased in recent years as price levels are becoming increasingly competitive to U.S. bunker hubs like Houston, New Orleans and New York. But what does the new expansion of the canal mean for any shift in maritime shipping mean to the bunker industry? Overall, bunker brokers expect more cargo being transported in all segments and that this cargo will be shipped by fewer vessels than currently.
9. DP Incidents Not Being Recorded
Seventy one accounts of incidents that took place in 2014 on 54 vessels were submitted for the annual Dynamic positioning station keeping incidents: Incidents for 2014 (M 231) report, produced by the International Marine Contractors Association (IMCA). Thruster/propulsion issues proved to be the main cause for DP incidents in 2014 accounting for 36% of such events; followed by computer issues at 18% and power and references both at 13%.
10. NAMEPA Names New Chief
The co-founder and executive director of NAMEPA (North American Marine Environment Protection Association), Carleen Lyden-Kluss, has announced that effective July 1, the chairmanship of the association will pass from founder Clay Maitland, to the American Club’s Joe Hughes. “Clay has been a visionary force in the birth and growth of NAMEPA,” stated Lyden-Kluss, and incoming chairman Hughes has big shoes to fill.

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


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S Jones
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