Live From The Field

Seacurus Daily: Top Ten Maritime News Stories 09/03/2017

1. Ferry Smashed by Storm
In a storm off the French Riviera on Monday, a huge wave struck the ro/pax ferry Jean Nicoli well above the waterline, smashing through her bridge windows and disabling much of her navigational equipment. Despite the extensive damage to the wheelhouse, her crew kept her moving ahead at low speed. The Nacoli was not able to continue to Marseilles, her planned destination, and she diverted towards Toulon instead. Her crew called for assistance from the French maritime authorities, and the Prefecture Maritime dispatched the Ailette, a multipurpose salvage tug chartered to the French Navy.
2. Record OSV Deliveries
The hard hit OSV sector must brace for a record number of deliveries this year. According to research from online pricing mechanism VesselsValue, there are currently 456 OSV vessels on order throughout the world. Incredibly 450 of these will be delivered in 2017, in addition to the 15 which have already delivered in the first 10 weeks of the year, and only six are scheduled for delivery in 2018. Malaysian owners have the largest number of OSV vessels currently on order. Nam Cheong currently has 56 vessels scheduled for delivery. While Malaysian company Coastal Contracts, which has 28 OSV vessels on order.
3. BP Sees No Rise Soon
The head of BP has warned he does not see oil prices rising for the next five years, a prediction that will send more shudders across the reeling offshore sector. Bob Dudley, group chief executive of the energy major, said: “We are not planning on an uptick in the prices. We’re going to plan on $55 to $60 … for the next five years, and we’re going to live within a strict capital diet.” Dudley said capex for BP will be between $15bn and $17bn over the coming five years, around 30% less than spending levels were before the oil price crash in 2014.
4. Rolls-Royce Moving Forward
Rolls-Royce is moving ahead with its research and development plans to make remote and autonomous shipping a reality and reap the benefits of increasing digitalization in the marine industry. It has announced that it has been awarded a significant research grant by Tekes – the Finnish Funding Agency for Innovation. The funding will enable a new research and development centre in Turku, Finland. The company plans to carry out further development projects there focused on the future development of land-based control centres, and the use of artificial intelligence in future remote and autonomous shipping operations.
5. Huge New GoM Plots
Newly sworn in U.S. Secretary of the Interior Ryan Zinke has announced that the Department will offer 73 million acres offshore from Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas exploration and development. The proposed region-wide lease sale is scheduled for August 16, 2017 would include all available unleased areas in federal waters of the Gulf of Mexico. Proposed Lease Sale 249, scheduled to be livestreamed from New Orleans, will be the first offshore sale under the new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program).

6. Capesizes Still Being Scrapped
In what could only be described as a more than positive omen for the future prospects of the dry bulk market, dry bulk carriers and more notably Capesizes are still being sold to scrapyards, even if the number of vessels offered has declined over the past few weeks. According to the world’s leading cash buyer, GMS, a total of 13 Capes have been sold for scrap so far in 2017, as buyers are willing to pay more money, thus making it an easier decision for some ship owners, in the midst of a rebounding dry bulk market.
7. Liverpool Welcomes Post-Panamax
The largest containership to call at the Port of Liverpool arrived this week. The HS Paris is the first post-Panamax vessel to stop at Liverpool, and has a capability of carrying more than 6,500 shipping containers. Previously, the Port of Liverpool’s existing container terminal could only accommodate vessels with a capacity of up to 4,500 shipping containers. The "HS Paris" called at Liverpool using the new £400m Liverpool 2 deep water container terminal which opened in November, and increased the size of vessel that the Port can accommodate.

8. IMO on Damage Stability
The Sub-Committee finalized draft Revised Explanatory Notes to the SOLAS chapter II-1 subdivision and damage stability regulations. These notes are intended to provide detailed guidance on the application of individual SOLAS chapter II-1 regulations. The draft Revised Explanatory Notes will be submitted to the Maritime Safety Committee (MSC) for adoption, in conjunction with the revised and updated draft SOLAS chapter II-1 subdivision and damage stability regulations emanating from a substantive review of SOLAS chapter II-1. .
9. Korean Yards Stand Third
South Korean shipyards stood at third place in terms of new orders secured last month, from the top slot the previous month, industry data showed on Wednesday. According to Clarkson Research Institute, Korean shipyards clinched new orders worth a combined 160,000 compensated gross tons (CGTs) last month to build five ships. Italy came first with 610,000 CGTs in new orders, or 6 ships, followed by China with 250,000 CGTs or 14 ships, the data showed. Last month, a total of 1.21 million CGTs in ship orders were placed, compared to 630,000 CGTs in January.
10. New Tech for Passengers
MSC Cruises will debut a digital wayfinding, guest experience and concierge service on the MSC Meraviglia, a ship scheduled to start service in the Mediterranean this summer. The concept will be called "MSC for Me" and will involve fitting the ship with 16,000 points of connectivity, 700 digital access points and 114 interactive screens as well as allowing lock access to 2,244 staterooms. MSC said the technology has been several years in development and partners Samsung, Hewlett Packard Enterprise and Deloitte Digital have helped to refine the concept.

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


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