Top Ten Maritime News Stories 28/12/2016

Seacurus Daily: Top Ten Maritime News Stories 28/12/2016

1. Lloyd’s List Top Stories
MEMORABLE would perhaps be an understatement for the shipping industry in 2016. A major container line went bankrupt leaving its customers in disarray while other big players in the sector sought to combine forces. Lloyd’s List readers also showed great interest in the fate of a ro-ro vessel that developed a list while navigating the eastern Atlantic. 2016 saw a significant spike in piracy off West Africa. One such instance occurred over the summer when Biafran militants claimed they would blow up a hijacked tanker. All in all quite year – you can see the top Lloyd’s List stories here.

2. Crew Rescued from Grounding
The nine crew members of the general cargo ship "Cabrera" have been rescued after the ship ran aground on Saturday off the island of Andros, Greece.  The ship is reportedly leaking oil, and is currently partially sunk and being pounded by heavy surf. An oil sheen of approximately 500 square meters (5,000 square feet) has been observed, according to the Hellenic Coast Guard. , The 5,553 dwt Cabrera was en route from Larymna, Greece, to Finland with 3,500 tons of ferronickel.  Bad weather has led to at least four other shipping incidents in the Aegean Sea over the past week.
3. Indonesian Pirates Arrested
Six alleged pirates operating in the Malacca Straits were caught by Western Fleet Quick Response Team from the Indonesian Navy’s Tanjung Pinang base on Monday in Batam waters in Riau Islands. The group was suspected of plotting attacks on tankers passing through eastern Malaysia. The Tanjung Pinang Navy base commander, Comm. S. Irawan, said the arrest came about following a tip-off from an informant with information about criminal activities in the Malacca Straits. The accused have piracy records stretching back to 2012 and had been sentenced to four-and-a-half years in Tanjung Pinang prison for piracy.
4. Growth Plans Unrealistic
Growth plans unveiled recently by top management at South Korea’s Hyundai Merchant Marine (HMM) have been slammed as “unrealistic” and “far-fetched” by container analysts Alphaliner in their most recent weekly report. Top brass at HMM this month made bold predictions that it will 5% of the global liner market by 2021, more than double its current 2.2% capacity share. Alphaliner has questioned this plan however noting that the company “failed to back up these growth plans with any coherent strategies”. To achieve a 5% market share, HMM would need to expand vessel capacity to more than 1.1m teu over the next four years.
5. Navig8 Pool Changes
Navig8 Group (Navig8), the world’s largest provider of maritime services,  has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have decided to internalize the commercial management of their VLCC fleet which had been hitherto in the VL8 pool. The VL8 pool is one of the largest VLCC tanker pools in the world and one of 16 shipping pools managed by Navig8.  The company’s 16 shipping pools bring together multiple, "like-minded" owners with vessels of similar type and characteristics, into distinct pools. 

6. EMSA Looks at Accidents
The European Maritime Safety Agency (EMSA) has released its annual review of marine casualties and incidents. Over the period 2011-2015, half of the casualties were of a navigational nature, such as contacts, groundings/strandings or collisions. Amongst occupational accidents, 39 percent were attributed to slipping, stumbling and falling. "Human erroneous action" represented 63 percent of accidental events and 67 percent of accidental events were linked to shipboard operations as a contributing factor.
7. Rotterdam to Invest in Services
The Port of Rotterdam, has taken part in developing the Rotterdam Port Fund, a new EUR 75 million closed-end investment fund aimed at fast-growing, innovative companies that contribute to a transition of the port economy. The Netherlands-based NIBC Bank is joining forced with the port, as well as with Royal Doeksen, Rotterdam entrepreneurs Peter Goedvolk and Luc Braams, and InnovationQuarter, as investors in the new fund. The Rotterdam Port Fund is independently managed and is aiming to build a portfolio of 10-15 innovative, growth-focused, port-related companies.

8. Passenger Vessel Sinks
A passenger vessel sank between Puerto Galera and Maricaban Island in Mindoro on Monday morning amid the onslaught of Typhoon Nina, the shipping company announced. In a statement, Starlite Ferries Inc. reported that M/V Starlite Atlantic sank between 10:20 a.m. and 11:30 a.m. after it was buffeted by gale-force winds and huge waves. "No passengers and cargo were on board during the time of the accident since it was sheltered in preparation for Typhoon Nina," the company said. "As of this time, 15 crew members have been rescued while 19 are still missing," it added.
9. Iranians Access P&I Cover
A large portion of Iran’s shipping fleet has regained Protection & Indemnity (P&I) insurance from Steamship Mutual. Jonathan Andrews, Director & Head of Eastern Underwriting in Steamship Mutual, said a considerable number of Iranian vessels have taken out insurance form our company and “we are pleased to observe return of Iranian directors to the board of one of the largest and most diverse P&I Clubs in the world.” Prior to imposition of sanctions against Iran in 2009, Steamship Mutual, as a leading provider of Protection & Indemnity (P&I) insurance, was the main and most favorable insurer of Iran’s shipping fleet.
10. Cops Accidently Set Sail
According to a US Navy report, The USS Dwight D. Eisenhower steamed away with some unexpected passengers after a port visit this week in southern France. Three Marseille police officers were found still aboard the ship when it pulled away from port. The police officers, who were working security for the aircraft carrier, found themselves stuck on the moving vessel after stepping aboard for a last-minute tour. The officers, who did not speak English, spent about an hour on the Ike before heading back to port on a tug boat, the report said.

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


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S Jones
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