Top Ten Maritime News Stories 12/05/2017

Seacurus Daily: Top Ten Maritime News Stories 12/05/2017

1. Farewell Noakes
It is with great sadness that BIMCO has announced the unexpected death of its Head of Maritime Security, Mr Giles Noakes on Wednesday 10 May. Giles joined BIMCO in January 2008 and made a significant and lasting contribution to the development of maritime security across the industry. He was well known and highly regarded, actively and expertly advising shipowners, operators, shipping associations, military, non-governmental organisations and government departments on maritime security issues. He was particularly instrumental in the development of Best Management Practices for protection against Somalia based piracy. Giles was 62, and leaves a partner and 4 children.
2. Positive Box Growth
Global trade growth of 5 per cent surprised positively in the first quarter of this year, giving hope for an improving economic recovery. Soren Skou, chief executive of Danish conglomerate AP Moller-Maersk, said global demand for containers — a proxy for trade growth — was at its highest level in years in the first quarter.  “It’s a very strong quarter for global trade. Five per cent is significantly above global [gross domestic product] growth. It’s driven by strong growth in Europe, and continued strong growth in the US,” he told the Financial Times.  Global trade growth has been sluggish ever since the 2008-09 financial crisis. That has hurt container shipping lines — of which the Danish group’s Maersk Line is the largest — with annual growth falling from more than 10 per cent before the crisis to 1 to 3 per cent in recent years.
3. Box Giant in UK
The biggest ship to dock in the UK has arrived in Southampton. The 400m-long MOL Triumph is the first of a new type of ultra-large container vessel to enter service this year. Its operators claim it is more fuel efficient than previous carriers. Built by Samsung in South Korea, the ship will run between Chinese and European ports. It can hold the equivalent of 20,170 containers. Southampton port operator said it was a "significant and proud occasion". The ship is the first of MOL’s fleet of six 20,000 TEU-class vessels. It is on its first trip to northern Europe since entering service earlier in 2017.
4. Crane Hit Ship Moves On
Investigations continue into last Thursday’s dramatic crane crash at DP World’s flagship Jebel Ali terminal. A spokesperson for CMA CGM, the French containerline involved in the dramatic incident that saw one crane obliterated and another knocked out of position, has provided Splash with details of the accident. On May 4, the 11,356 teu "CMA CGM Centaurus" came into contact with the quay wall in Jebel Ali during manoeuvers, while being assisted by a pilot and two tugboats, causing one gantry crane on the port to collapse in spectacular fashion. Fortunately no one was killed with just 10 minor injuries reported. A spokesperson said the ship did suffer unspecified damages and beyond the crane collapse, the quayside also suffered damage. No pollution was reported and after four days the ship was patched up and left for Qatar.

5. DP World Somali Grab
Executives with DP World held a ceremony with President Ahmed Mohamed Mohamoud Silanyo of Somaliland to celebrate the start of DP’s 30-year concession at the port of Berbera. DP will invest up to $442 million in two phases to build a multipurpose port at Berbera, including a 400 yard quay, a 60-acre yard extension and a new free zone. “This is part of our vision to act as an enabler of trade and to facilitate growth by helping African countries develop their infrastructure that connects them to global markets," said DP World Group Chairman & CEO Sultan Ahmed bin Sulayem. “These are exciting times for our industry and for Africa, and we’re grateful for the opportunity to be an integral part of Somaliland’s development."
6. Vision of Future Ports
Port equipment manufacturer Kalmar, part of Cargotec, has revised its vision for Port 2060 and is launching a new video to depict how the sustainable future of cargo handling will look like in the year 2060. According to Kalmar’s renewed vision for cargo handling in 2060, data has fundamentally changed the way world trade operates, making it more efficient, safe and sustainable. People will live in smart cities that are part of a global ecosystem where consumer demand drives logistics and cargo handling industry. “In 2060, we believe that services will be more personalised and efficient. Specialised items, such as your favourite blend of coffee, can be ordered directly from a local producer. Goods will be moved rapidly around the world in smart containers that know their contents and destination. Everything will be automated and highly efficient".
7. UK Looking to Blue
The UK prides itself on being an island nation in a world that is almost three-quarters oceans and seas. Packed full of potentially valuable resources, the ocean has long played a vital role in transport and fishing. But commercial exploitation has been slowed by the very real technical and non-technological challenges and the high costs that accompany them. What has come to be known as the “Blue Economy” is set to power an expanding global ambition to create jobs and economic growth by bringing together expertise and technology across a range of traditional and emerging industries, ranging from energy, shipping and fisheries to biotechnology and seabed mining. Individual sectors of the Blue Economy are increasingly interdependent, relying on common skills and shared infrastructure.
8. Italian Sub Hits Ship
The Italian military confirmed Thursday that a navy submarine had struck a cargo ship off the coast of Calabria, but said there were no casualties or major damage from the accident. Naval officials said the Scire, a 180-foot U212 sub, had been sailing to take part in a training exercise when it hit the ship in the Ionian Sea. The ship wasn’t damaged and resumed its course, the statement said, while the Scire and its crew were rerouted back to base. The Navy said an investigation would determine how the collision occurred.
9. V Group Resignation
Clive Richardson has resigned from V. Group, one of the world’s largest shipmanagers, and will be replaced on an interim basis by former Maersk high-flyer Hanne Sørensen. Richardson had been at the helm of the group since 2009 during which time he oversaw the company being taken over by private equity concern Advent International earlier this year. After a diverse career, largely tied with AP Moller-Maersk Group, Sørensen stepped down as head of its logistics unit Damco last December. Previous roles she has held included being the CEO of Maersk Tankers. Sørensen joins a company with some familiar faces, not least Jesper Kjaedegaard, another ex-Maersk official who joined the board in March. The search for a new full time CEO is well advanced, V.Group said in a statement.
10. Supply Resilience Fears
Container shipping lines yesterday shrugged off accusations that bigger ships and alliances would lead to less choice and less supply chain resilience, and argued that instead, shippers had brought these changes upon themselves. Olaf Merk, of the International Transport Forum, explained to delegates at Transport Logistic in Munich how the recent changes in the liner industry could lead to a negative outcome for the supply chain. “There is a pathway where bigger ships and vertical integration give rise to the concentration of ports and cargo, and they will have less leverage as the shipping lines get more powerful.” Mr Merk pointed to how consolidation had changed the market: in 2000, four carriers had 23% market share; while in 2016, four carriers held nearly 50%. In addition, fewer ports were served.

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