The recent cyber attack on AP Moller-Maersk will cost $200m-$300m but container shipping conditions are the best since the financial crisis, the Danish conglomerate said on Tuesday. The bulk of the impact from the so-called NotPetya attack will be felt in the third quarter, due to lost revenues in July after the company’s IT system, including booking applications, was brought down by malware hidden in a document used to file tax returns in Ukraine. But Soren Skou, Maersk’s chief executive, struck an upbeat note. “We have the strongest fundamentals for container shipping since the financial crisis, or at least 2010,” he said.
Lloyd’s Register (LR) has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship. The project outlines a plan to build a 170-metre car carrier, capable of carrying between 1,700 and 2,000 cars, which will be equipped with four DynaRig masts and will operate on hybrid propulsion with sails and diesel-electric engines, and an optional battery system for peak loads. The vessel will be capable of sailing at 10 to 12 knots with the aim of reaching 14 to 16 knots in the next few years through combined expertise.
The threat of another Korean war will lead to investment in maritime security and alternatives to GPS, as heightened tensions on the Korean peninsula have highlighted the need for investment in alternatives to satellites for ship positioning. Maritime security should be enhanced worldwide with alternatives to Global Navigation Satellite Systems, such as GPS. This is because it is so easy and cheap for nations, or criminals to disrupt, or spoof, GPS signals to ships. Ship bridge systems use a GPS signal to locate the vessel on electronic charts, while navigators need the signal to understand their location in relation to other ships.
It has taken less than a year for all Hanjin Shipping’s boxships to be renamed. Two weeks today will mark the first anniversary since Hanjin Shipping sought court protection becoming one of the most famous shipping bankruptcies in history. “The recent renaming of the 5,067 teu Hanjin Scarlet, the last vessel to bear the Korean carrier’s colours, to Maersk Iyo, has consigned the once mighty Hanjin name to maritime history,” Alphaliner noted in its most recent weekly report. The Hanjin Scarlet was renamed earlier this month, Maersk officials confirmed, telling Splash that the ship is now deployed on the transpacific trades.
Engineers working on a ship at Cammell Laird’s in Birkenhead were evacuated from the vessel as a precaution after an electrical panel caught fire on one of its decks. Fire crews were called to the site in Campbeltown Road on Tuesday afternoon. They used a main branch and main jet to extinguish the fire. There were no reports of any injuries. A Cammell Laird spokesman said: "At approximately 4pm yesterday afternoon, an electrical panel on board a vessel under repair in the shipyard malfunctioned and overheated.
Lenders and noteholders in bust Rickmers Trust Management will get back just 12 cents for every dollar they invested in the container ship leasor. The Bertram Rickmers-controlled Singapore outfit revealed Tuesday that it has completed the sale of its 14 boxships to Navios, marking the end of the company which first listed on the Singapore Exchange 10 years ago. Containership leasing was a hot investment a decade ago, but the massive increase in ship sizes left many leasors left with unpopular 4,000+ teu-class ships that have become hard to charter in the wake of the expansion of the Panama Canal last year.
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