Top Ten Maritime News Stories 02/10/2017

Seacurus Daily: Top Ten Maritime News Stories 02/10/2017

1. El Faro Report Released
The United States Coast Guard issued the Marine Board of Investigation (MBI) report on the S.S. El Faro. The 189 page report reveals serious failures by Tote managers, USCG personnel and the American Bureau of Shipping (ABS) but recommended few penalties against them. Some marine experts assumed the report would recommend that Tote be investigated for criminal offenses leading up to the sinking of the El Faro but, the final section of the report titled “Enforcement Recommendations”, made only a single suggestion, that a civil penalty action against TOTE Services be pursued.
2. Year of Pre Loved Shipping
2017 is shaping up to be a record year for secondhand sales volumes, according to the latest weekly report from Clarkson Research. Meanwhile, newbuilding activity remains at historically low levels. These two opposing facts can be seen as an “indicator of the ‘market mechanism’ starting to re-balance industry fundamentals”, Clarkson Research posited. The first eight months of 2017 saw 1,092 sales reported, of 64.4m dwt, according to Clarkson Research. If this pace is maintained through the final part of the year, then the annual total will surpass the totals of 84.4m dwt recorded in 2014 and the 83.5m dwt seen in 2007.

3. Volcano Island Evacuation
Vanuatu has launched a Dunkirk-style evacuation on the northern island of Ambae as a flotilla of boats rescues islanders from an erupting volcano. The eruption has polluted many of the island’s water sources leaving thousands of people in need of safe drinking water, Red Cross has reported. “Water is crucial,” he said. “It’s important to get on top of it right away.” The Manaro Voui volcano, the nation’s largest, was seen hurling steam and rocks into the air, and crowds of islanders have begun boarding a flotilla of ships including ferries, canoes and commercial vessels.
4. Attenborough Engine Landmark
Rolls-Royce is marking a major milestone on the journey towards the completion of Britain’s new polar research vessel the RRS Sir David Attenborough being built by Merseyside shipyard Cammell Laird. The last of the vessel’s Bergen B33:45 engines /gensets have been craned into the ship’s hull at Cammell Laird ready to be connected to the RRS Sir David Attenborough’s Rolls-Royce propulsion system. The nine-cylinder engines are carefully installed in three separate pieces. The first part of the nine-cylinder engine to be craned into place was its double resilient foundation. 
5. Owners Warned of SatComms Leap
Satellite service providers are being warned to reposition away from L-band as competition from Vsat capable of carrying increased data volumes increases. Euroconsult is a privately owned first specialising in the space markets. In a press statement promoting its latest market report “Prospects for L-Band, IoT & M2M Markets,” it says the Mobile Satellite Services market, across all industry sectors, will grow from 4.3 million terminals in 2016 to more than 12 million terminals by 2026. The consultancy says machine-to machine (M2M) and Internet of Things (IoT) devices will have a significant share in this subscriber growth.
6. Oil Trade War Beckons
Heightened tensions between the US and Iran has raised concerns that Tehran could organise Houthi attacks on merchant ships passing through strategic trading routes in the Gulf. “There will be concern over the potential of Iran being in a position to threaten maritime traffic through the Bab el Mandeb,” said Jon Lee, an analyst at Dorian Risk Consulting. “Tensions between Iran and the US in the Straits of Hormuz are likely to increase. By extension, those tensions are also a concern for Saudi Arabia, the Gulf States, and western nations who rely on the region for energy supplies.
7. Gas Supply Revolution Continues
The supply of gas is being shaken by the use of offshore terminals, and the world’s largest Floating Storage and Regasification Unit "FSRU" owned by Mitsui OSK Lines (MOL) has been named at Daewoo Shipbuilding & Marine Engineering (DSME). The 263,000 cu m "MOL FSRU Challenger" was named in Korea on last week. The FRSU is due to be delivered in October for deployment in Turkey where it is expected to start operations before the end of the year. The vessel also has LNG re-shipment and gas transfer capabilities for the re-export of LNG and supply of gas to neighbouring countries.
8. Carnival Embraces Corporate Responsibility
Carnival Corporation’s 10 global brands are making social responsibility a priority with a range of initiatives:  Ship-to-shore Food, making donations ashore of unused food to foodbank programmes. Responsible Chicken Sourcing, shifting to improve the welfare of sourced chicken. They are also donating used goods. When replacing chairs on a ship in San Diego, Holland America Line, for example, donated chairs to a local group that needed them for an auditorium. They are also embracing a "Reduce, Reuse, Recycle" initiative. 
9. Guilty of Price Fixing
Höegh Autoliners has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers and rig bids, the U.S. Department of Justice announced. According to a one-count felony charge filed today in the U.S. District Court for the District of Maryland, Höegh Autoliners AS conspired with competitors to suppress and eliminate competition for the sale of international ocean shipments of roll-on, roll-off cargo to and from the U.S. and elsewhere, including the Port of Baltimore. Höegh participated in this conspiracy from as early as January 2001 until at least September 2012. 
10. Cochin Port Wreck Removal
The wreck of the fishing vessel which sank in the main shipping channel at Cochin port has now been dragged out of the channel, according to GAC India. On September 29, GAC informed that divers were deployed in order to provide final confirmation that the entire boat has been removed, in order to clear the channel for movement. The vessel sank in the morning hours of September 26 after it developed a leakage. The ship’s engine also stopped working while it was some 5 nautical miles off the coast.

Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions


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