Seacurus Daily: Top Ten Maritime News Stories 18/09/2017
1. Lloyd’s Reveals Concerns
Cyberattacks, autonomous vessels, Arctic exploration and a return to piracy are the top risks facing the shipping industry, new research from Lloydâs has found. With insight and input from marine insurance experts across the Lloydâs market, the worldâs specialist insurance market explored the top risks in shipping today, presented in no particular order of priority. Forming the backbone of the global economy, 90% of world trade is still carried by the shipping industry, Lloydâs reported.
goo.gl/M7EscY
goo.gl/M7EscY
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2. New Bauxite Sinking Warning
The IMO has issued a new warning on the bulk carriage of bauxite. In 2015, the bulk carrier "Bulk Jupiter" sank while transporting 46,400 tons of bauxite about 150 nautical miles off the coast of Vung Tau, Vietnam, with 18 fatalities and only one survivor. The marine safety investigation into the loss uncovered evidence to suggest liquefaction of cargo led to a loss of stability. Liquefaction occurs when a cargo (which may not appear visibly wet) has a level of moisture in between particles. Ship movement may cause the cargo to become fluid, and this can lead to cargo flowing and potentially causing a dangerous list and sudden capsize.
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3. Underwriters Struggling With Uncertainty
âContinuing uncertainty is the only certainty for marine underwriters,â a senior member of the International Union of Marine Insurance (IUMI) has warned. Speaking at an IUMI conference in Tokyo, Donald Harrell, chairman of the unionâs facts and figures committee described the marine insurance outlook as âchallenging and uncertainâ. âGlobal premium income continues to fall and this puts pressure on our sector⊠Exposure to risk will only increase as vessels grow larger and values accumulate in port. A drop in premium income makes it challenging for underwriters to continue to cover their obligationsâ Harrell said.
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4. HelpLine Wins Award
ISWANâs SeafarerHelp, a free, confidential, 24/7 helpline which supports thousands of seafarers every year, was named âShoreside Team of the Yearâ at 2017 Safety at Sea Awards, held during London International Shipping Week. Members of ISWAN and the SeafarerHelp team joined a host of representatives from the shipping industry at last nightâs ceremony, which took place at the Sheraton Grand Hotel in London. The Safety at Sea Awards are one of the most prestigious maritime industry awards and SeafarerHelp was announced as the winner out of four shortlisted entrants in the Shoreside Team of the Year category,
goo.gl/tve21N
ISWANâs SeafarerHelp, a free, confidential, 24/7 helpline which supports thousands of seafarers every year, was named âShoreside Team of the Yearâ at 2017 Safety at Sea Awards, held during London International Shipping Week. Members of ISWAN and the SeafarerHelp team joined a host of representatives from the shipping industry at last nightâs ceremony, which took place at the Sheraton Grand Hotel in London. The Safety at Sea Awards are one of the most prestigious maritime industry awards and SeafarerHelp was announced as the winner out of four shortlisted entrants in the Shoreside Team of the Year category,
goo.gl/tve21N
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5. CMA CGM Finally Pulls Trigger
In one of the longest telegraphed orders in the 62-year history of container shipping, Franceâs CMA CGM has finally come clean about its record-breaking series of 22,000 teu ships. Split between Shanghaiâs top two yards â Waigaoqiao and Hudong-Zhonghua â the LNG-fuelled ships are the largest boxships ever ordered and will start delivering from the end of 2019. The ships are costing $133.33m each and will be deployed on the Asia-Europe tradelane. The new vessels will keep CMA CGM in third place in the global liner rankings with fellow Ocean Alliance member Cosco snapping at its heels.
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6. Major Chemical Leak
Fujian Orient Shipping feeder containership Dong Fang Fu suffered a chemical leak while it was berthing at Taiwanâs Keelung Port on Friday. According to the Bureau of Environmental Protection in Keelung, 14 barrels of nitric acid leaked from a container on the 1,032 teu ship and contaminated some part of the deck and cabin. The bureau deployed an emergency biohazard response team to clean up the chemicals and managed to contain the chemical leakage in a few hours with no casualties reported. So far no contamination has been found in the port waters, however environmental authorities are still monitoring.
Fujian Orient Shipping feeder containership Dong Fang Fu suffered a chemical leak while it was berthing at Taiwanâs Keelung Port on Friday. According to the Bureau of Environmental Protection in Keelung, 14 barrels of nitric acid leaked from a container on the 1,032 teu ship and contaminated some part of the deck and cabin. The bureau deployed an emergency biohazard response team to clean up the chemicals and managed to contain the chemical leakage in a few hours with no casualties reported. So far no contamination has been found in the port waters, however environmental authorities are still monitoring.
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7. Cash For Major Failure
THE Alliance, a new container grouping which launched this April, has revealed the amount it has set aside in the event one of the five partners follows Hanjin Shipping by going bust. The five lines â Hapag-Lloyd, K Line, NYK, MOL and Yang Ming â have put $50m into an insolvency contingency fund designed to protect customersâ cargo and the ocean transportation chain should one of THE Allianceâs carriers experience financial distress or an insolvency event. The size of the contingency fund has however attracted criticism for being too small.
THE Alliance, a new container grouping which launched this April, has revealed the amount it has set aside in the event one of the five partners follows Hanjin Shipping by going bust. The five lines â Hapag-Lloyd, K Line, NYK, MOL and Yang Ming â have put $50m into an insolvency contingency fund designed to protect customersâ cargo and the ocean transportation chain should one of THE Allianceâs carriers experience financial distress or an insolvency event. The size of the contingency fund has however attracted criticism for being too small.
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8. Cyber Finally into ISM Code
Maritime Cyber Risk Management is now incorporated into the ISM Code, and the IMO is encouraging all members to ensure that cyber risks are appropriately addressed in safety management systems no later than the first annual verification of the companyâs Document of Compliance (DOC) after 1st January 2021. Consequently, the requirement to ensure that cyber risk management is taken into account in accordance with the objectives and functional requirements of the ISM Code, will be mandatory in just over 3 years.
goo.gl/kge63o
goo.gl/kge63o
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9. Human Rights Changes
The trustees of maritime charity Human Rights at Sea have announced that founder David Hammond will step down as chief executive on 1 October and become a trustee. The charity said it will appoint a new chief officer and expand the number of trustees to âbring in further expertise in support of the charityâs continuing growthâ. Mr Hammond is set to take up a senior executive role in the NGO sector in Switzerland. He established the charity, apparently backed by his own savings, based on a concept and initiative developed in late 2013.
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10. Xbox for the Navy
The U.S. Navy is starting to use Xbox 360 controllers to operate the periscopes on board its Virginia-class submarines. These submarines don’t have the traditional rotating tube periscope that only enable one person to see through. Rather they have two photonics masts that rotate 360 degrees. These feature high-resolution cameras, and the images are displayed so that everyone in the control room has real-time situational awareness above the water. The original mast handgrips were based on helicopter joysticks, which were expensive, heavy and cumbersome, and operatives seem more comfortable with the joypads.
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