Like the tendrils of mist in a Stephen King novel, a miasma seemingly out of nowhere coated the south coast close to Beachy Head on Sunday. More than 100 trippers reported nausea, sore throats or stinging eyes and sought hospital treatment. A noxious chemical haze was blamed, but what was it and where did it come from? The finger of suspicion have been pointed at a passing ship, but police and coastguards seem no closer to identifying the culprit who ruined a beautiful late summer afternoon for scores of families.
Japan’s Mitsui O.S.K. Lines (MOL) has announced it has will participate in a Japanese consortium to developing a trade data sharing platform using blockchain technology. The consortium is comprised of 14 trade-related companies such as banking, insurance, total logistics providers and export/import companies.
The vessel was seized on December 9, 2016 as it does not meet standards for going to sea. The crew members had been told by the vessel owner, through a manning agent, that the ship would head to Malaysia from Kenya.
While it may seem that the biggest hurdle to be conquered in this new reality is technology, it simply isn’t the case. Relatively speaking, the tech is the easy part. The excitement these landmark projects are sparking is tempered by the need for new shipping rules and regulations that must be put in place before any crewless cargo ship does more than a test run in the name of research. Sorting through the maze of laws, treaties, and conventions that make up global maritime law would drive Neptune to stab himself with his triton.
The winding-up of Singapore-listed Rickmers Maritime Trust has been completed. The spin off of now insolvent German shipowner Rickmers Group ran into trouble last year when bondholders rejected a proposed financial restructuring on which the trust’s refinancing was dependent. In a statement to the Singapore Exchange Rickmers Trust Management said the final distribution to unsecured creditors, equivalent to 12.1% recovery, had been made. “The winding up of the trust has been completed and consequently, the units of the trust and the notes shall cease to exist,” Rickmers Trust Management said.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions www.seacurus.com
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