Top Ten Maritime News Stories 01/02/2017

Seacurus Daily: Top Ten Maritime News Stories 01/02/2017

1. Hammering Home Fatigue Message
InterManager has presented the findings of its fatigue study, "Project MARTHA", to The International Maritime Organization (IMO). Capt Kuba Szymanski, Secretary-General of InterManager urged the maritime industry to take notice of the findings as the industry recruits aspiring seafarers. The report highlights growing levels of fatigue, particularly among Masters and Watch Keepers, and noted that motivation was a major factor in fatigue experienced by seafarers. “Our people are our assets and we need to develop a strategy whereby shipping is once again seen as a career of choice for tomorrow’s young talented people" he added.

2. NYK Post Giant Losses
In the nine-month period of the fiscal year ending March 31, 2017 (April 1, 2016, to December 31, 2016), NYK Line posted consolidated revenues of ¥1,414.5 billion, down from ¥1,766.6 billion in the same period of the previous fiscal year. It also posted an operating loss of ¥15.5 billion compared with operating income of ¥47.1 billion, and recurring profit of ¥2.2 billion compared with ¥56.0 billion. Profit attributable to owners of the parent amounting to ¥22.8 billion in the same period of the previous fiscal year turned into a loss of ¥226.0 billion.

3. Attack Kills Saudi Sailors
On Monday, two crewmembers of a Saudi frigate were killed in a suicide attack by Houthi rebels near Hudaydah, on the Red Sea. "A Saudi frigate came under a terrorist attack by three suicide boats belonging to the Houthi militias while on patrol west of the port of Hudaydah," the Saudi-led coalition said in a statement. "The Saudi ship dealt with the boats as necessary. However, one of the boats collided with the rear of the vessel, resulting in the explosion of the boat and a fire at the rear of the ship . . . Two members of the ship crew fell as martyrs and three others were injured." The coalition did not identify the frigate.
4. Niger Attacks Resume
Attacks on oil installations have resumed in Niger Delta. Bombings, carried out mainly by the NDA, have brought Nigeria’s oil production to a 30-year low. NDA, which says it fights to end disenfranchisement of impoverished communities in the Delta and obtain greater shares of oil revenues, vowed to bring the country’s oil production "to zero". Nigeria, one of Africa’s biggest oil producers, currently produces around 0.8m bpd (barrels a day). Oil output was 2.2m bdp at the beginning of 2016, before attacks started.

5. BIMCO on Tanker Market
From a crude oil market perspective, 2016 can be summed up as “eventful”. In January, the international sanctions on Iran were lifted, resulting in a very swift increase of their oil production capacities and subsequent re-entry into the global oil export market. Seasonality has certainly been a friend of crude oil tanker owners during Q4. Since global refining crude throughput bottomed out in October due to regular annual maintenance, the demand for crude oil tankers has been high. After sliding most of the year, a strong comeback came as a bonus after a run of strong earnings ended.
6. Hanjn in Pension Hole
A New York pension fund seeking $31 million from Hanjin Shipping Co. asked court permission to investigate ties between the South Korean carrier and its parent entity. Monday’s filing in U.S Bankruptcy Court in New Jersey marks an attempt to draw the Hanjin Group conglomerate into the U.S. bankruptcy of Hanjin Shipping, which filed in August for receivership proceedings in Korea. The maritime carrier sought recognition of its insolvency in the U.S. days later by filing for chapter 15 protection, the section of the U.S. bankruptcy code covering foreign corporate debtors.
7. Living in Smart World
Frank Coles of Transas has been speaking on the future. We live in a world where we hear the words, smart ships, connected ships, unmanned ships, automated ships etc. We hear statements about a digital shipping world and a forecast of new business models in shipping. It’s a confusing world, a fast moving world, what is the reality and how do we sift through the hype? Shipping has many elements, logistics, cargo booking and trading, port control, chartering, container management, etc. I think it is important to not generalize about the eco system and simply say shipping when considering the impacts of digitalization.

8. Filipino Fishermen Rescued
The" Hispania Graeca" merchant vessel rescued four shipwrecked fishermen off the south coast of Mindanao Island in the Philippines last week, after a four-day ordeal at sea, said Angelakos (Hellas) SA, the operator of the vessel, on Tuesday. The rescue occurred last Tuesday, the company said, adding that the tired, thirsty and hungry men were transferred by the local coast guard to the nearest island, Balut.
9. Simply Standardising ECDIS
The concept of S-mode has been proposed under the agenda of the IMO e-Navigation initiative, and The Nautical Institute is now calling on the industry to have a say in its development. There are over 30 ECDIS manufacturers, many of whom have more than one model, and some of the key operational features differ widely from one manufacturer to another. The IMO’s e-Navigation project aims to ensure seafarers are provided with the information they need for safe and efficient navigation, and this includes the development of an “S mode” or standard mode of operation for navigation displays across all manufacturers.
10. Calling for Support
Philippine president Rodrigo Duterte told a group of generals that "we would be glad" to have Chinese patrol vessels in Philippine waters off Sulu and Basilan, an area that has been plagued by pirate attacks by the terrorist group Abu Sayyaf. Duterte said that he had asked China to contribute to patrols of the area. "They can’t patrol international waters without necessarily intruding into the territorial waters of countries," he told the group. "We woud be glad if they have their presence there . . . It doesn’t have to be gray ships. I said even the coast guard cutter [would work]."

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


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