Seacurus Daily: Top Ten Maritime News Stories 03/08/2017
1. CMA CGM Mega Investment
CMA CGM will shortly put pen to paper for up to nine world-beating 22,000 teu class ships. Shanghai Waigaoqiao Shipbuilding (SWS) and South Korea’s Hyundai Heavy Industries (HHI) are the only two companies in the final running for this landmark order. The order will be signed within the next fortnight and the record breaking ships are expected to feature LNG dual fuel engines. At 22,000 teu, the new class of ships would beat out the current largest boxship afloat, the "OOCL Hong Kong", which was delivered from Samsung Heavy Industries earlier this year, clocking in at 21,413 teu in capacity.
CMA CGM will shortly put pen to paper for up to nine world-beating 22,000 teu class ships. Shanghai Waigaoqiao Shipbuilding (SWS) and South Korea’s Hyundai Heavy Industries (HHI) are the only two companies in the final running for this landmark order. The order will be signed within the next fortnight and the record breaking ships are expected to feature LNG dual fuel engines. At 22,000 teu, the new class of ships would beat out the current largest boxship afloat, the "OOCL Hong Kong", which was delivered from Samsung Heavy Industries earlier this year, clocking in at 21,413 teu in capacity.
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2. Nigerian Pirates Seize Crew
Moroccan media report that the general cargo vessel "Oya 1" (ex name Celia) was boarded by pirates in the Gulf of Guinea on the night of July 29. The attackers reportedly abducted two Moroccan officers, Ahmed Janani and Abdelkader Benhala, and three other crewmembers. The ICC IMB Piracy Reporting Centre confirmed that the Nigerian Navy responded to an attack on a general cargo ship 15 nm southwest of Bonny Island at about the same time. IMB said that it was reported that some crew members were missing, and that the Nigerian Navy towed the vessel into port for an investigation.
Moroccan media report that the general cargo vessel "Oya 1" (ex name Celia) was boarded by pirates in the Gulf of Guinea on the night of July 29. The attackers reportedly abducted two Moroccan officers, Ahmed Janani and Abdelkader Benhala, and three other crewmembers. The ICC IMB Piracy Reporting Centre confirmed that the Nigerian Navy responded to an attack on a general cargo ship 15 nm southwest of Bonny Island at about the same time. IMB said that it was reported that some crew members were missing, and that the Nigerian Navy towed the vessel into port for an investigation.
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3. Huge Cost of Cyber Attack
The cyber attack that crippled Ukraine businesses and spread worldwide to shut down Maersk and APM ports terminals, as well as factories and businesses has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. Investors should get used to hearing about cyber attacks during earnings calls, said Ian Winer, equity co-head at Wedbush Securities. Jefferies analyst David Kerstens said in a note to clients. Analysts, on average, estimate the hit to Maersk results in a range from $100-$200 million.
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4. Warning for Philippine Piracy
The ReCAAP ISC warns operators to ‘exercise extra vigilance’ when transiting the Sulu-Celebes Sea and eastern Sabah region, following a recent robbery on board the product tanker "MS Sophie" off Batangas. ReCAAP ISC also advises ship masters and crew to exercise vigilance especially during hours of darkness, increase number of crew on night watch and secure ship’s store while in port and in anchorage. In particular, the incident was reported to ReCAAP ISC on 15 Jun after further verification with the port state control officers received report of the incident from the ship master.
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5. Award for Former IMO Chief
IMO announced that the International Maritime Prize for 2016 is awarded to Koji Sekimizu, former IMO Secretary-General for his contribution to the work of IMO over many years. Mr. Sekimizu held a long and distinguished career with the Organization, culminating in his four-year stewardship as Secretary-General from 2012 to 2016. In nominating his candidature for the International Maritime Prize, the Government of Japan recognized Mr. Sekimizu’s lifetime dedication to promoting safety of life at sea and protecting the marine environment, as well as his outstanding leadership and contribution to the work and objectives of IMO.
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6. Mass Offshore Lay Ups
More than one in four offshore vessels are now laid up, according to data from online pricing portal, VesselsValue. PSVs are the worst affected with 36% of the fleet currently laid up. VesselsValue’s senior offshore analyst Charlie Hockless commented: “Estimating the number of vessels in lay-up is an imperfect science, however, using a big data approach VesselsValue can provide a valid estimation using the following methodology. VV observes the recency of a vessel’s AIS signal and filters the data appropriately. Vessels that have not signalled for over a week are considered to be in lay-up.”
More than one in four offshore vessels are now laid up, according to data from online pricing portal, VesselsValue. PSVs are the worst affected with 36% of the fleet currently laid up. VesselsValue’s senior offshore analyst Charlie Hockless commented: “Estimating the number of vessels in lay-up is an imperfect science, however, using a big data approach VesselsValue can provide a valid estimation using the following methodology. VV observes the recency of a vessel’s AIS signal and filters the data appropriately. Vessels that have not signalled for over a week are considered to be in lay-up.”
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7. Migrant Rescue Ship Detained
Italian officials have detained the maritime migrant rescue vessel "Iuventa", operated by youth charity Jugend Rettet, on suspicion of "facilitating illegal immigration." "Enquiries begun in October 2016, and conducted with the use of sophisticated techniques and investigative technology, have produced circumstantial evidence of…Iuventa being used for activities facilitating illegal immigration," Italian police said . Jugend Rettet said initially crewmembers were being interviewed as part of "standard procedure," and that it had received no official notification about any vessel detention. It is now thought the vessel has been seized.
Italian officials have detained the maritime migrant rescue vessel "Iuventa", operated by youth charity Jugend Rettet, on suspicion of "facilitating illegal immigration." "Enquiries begun in October 2016, and conducted with the use of sophisticated techniques and investigative technology, have produced circumstantial evidence of…Iuventa being used for activities facilitating illegal immigration," Italian police said . Jugend Rettet said initially crewmembers were being interviewed as part of "standard procedure," and that it had received no official notification about any vessel detention. It is now thought the vessel has been seized.
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8. Yards Facing Tough Times
Shipyards remain underemployed and newbuilding and second-hand prices have not yet hit bottom After a painful decade in which the shipping industry has suffered from an unhealthy supply position, a sustained reduction in contracting has at last begun to move fleet orderbook into closer balance with an improving demand picture, according to analyst Maritime Strategies International (MSI). But despite the positive news, shipyard prices may still fall, according to the latest MSI analysis. Too many yards still have too little forward cover and even those considered high quality facilities must be considered at risk of closure.
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9. Immersion Suits Inspections
Classification Society, ClassNK has reminded clients of the importance of monthly inspections of immersion suits / anti-exposure suits. These are now required to the vessels flagged with Singapore, Hong Kong, Greece and India and the appropriate items should be checked during inspections. Vessels should follow IMO Circular MSC/Circ.1047 “Guidelines for monthly shipboard inspection and anti-exposure suits should be incorporated into the checklist for on-board maintenance, and the monthly inspection of immersion suits / anti-exposure suits should be carried out in accordance with SOLAS regulation III/20.7.
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10. Engineer Falls to Death
An engineer from the container vessel "HS Rossini", was fatally injured when he fell on the deck of bunker barge "Smit Bongani". There are concerns that a lengthy safety checklist may have prompted the officer to simply go for it, and proceed as time was running out for the operation. According to Transport Malta, the crew member may have found himself in a situation where he had to choose between either going through an ‘extensive’ checklist and preparation of other personal safety equipment, or go down the bunker supply barge and on board his ship again to commence the bunkering operation.
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