Top Ten Maritime News Stories 03/10/2017

Seacurus Daily: Top Ten Maritime News Stories 03/10/2017

1. Seafarers Killed in Confined Space
Three seafarers lost their lives onboard a cargo ship anchored at the Port of Sohar on September 30, Oman’s Public Authority for Civil Defence and Ambulance (PACDA) informed.  The men, all of them Asian nationals, died from inhaling wood-preserving chemicals inside the unnamed ship. “Sohar Industrial Port Company (SIPC) is very sad to announce the unfortunate death of three workers due to an operational accident onboard of a general cargo ship at Sohar Port on Saturday evening by 9.30 p.m.,” SIPC said in a separate statement.
2. Exceedingly Efficient Designs
A new study has revealed that nearly three-quarters (71 percent) of all new containerships, which emit around a quarter of global ship CO2 emissions, are already in compliance with the post-2025 requirements of the International Maritime Organization’s (IMO) Energy Efficiency Design Index (EEDI).  The study, based on analysis of the IMO’s own data and conducted by Transport & Environment (T&E), a founding member of the Clean Shipping Coalition (CSC), also found that the best 10 percent of new containerships are already almost twice as efficient as the requirement for 10 years time.
3. DONG Rings Changes
As part of its transition from oil and gas company to offshore wind energy specialist, Denmark’s Dong Energy is changing its name to Ørsted. Dong Energy has called an extraordinary general meeting on October 30 to ask the shareholders to approve the name change. Thomas Thune Andersen, chairman of the board of directors, commented: “Dong was originally short for Danish Oil and Natural Gas. With our profound strategic transformation and the divestment of our upstream oil and gas business, this is no longer who we are. Therefore, now is the right time to change our name.
4. CMA CGM Buys Again
French container shipping giant CMA CGM continues to strengthen its regional network, announcing the acquisition of SOFRANA Unilines, a line focuses on the Pacific Islands regional maritime trade. SOFRANA Unilines operates directly or in partnership a fleet of 10 vessels on eight trade-lanes, servicing 21 ports in Australia, New Zealand, Papua New Guinea and the Pacific islands. CMA CGM’s subsidiary ANL already offers 16 tradelanes servicing major ports throughout Australia, New Zealand, Papua New Guinea, North Asia, South East Asia, Indian Subcontinent and North America.
5. New Autonomous Test Area
The Norwegian Maritime Directorate has nominated a second area to be used for testing autonomous ships. The Coastal Administration, the Maritime Directorate and a consortium led by GCE Blue Maritime on Møre signed an agreement last week that enables Storfjorden and its associated side harbors to be used. Trondheimsfjord was approved as a test fjord in 2016. Storfjorden is close to 14 shipyards and 20 shipping companies, several of which already use the area to carry out tests on newly-built ships. In addition, a range of sensors for measuring wind and power conditions have been set up.
6. New Chief at V Ships
New V.Group ceo Ian El-Mokadem as taken the helm as the world’s largest ship manager puts in place a new, simpler management structure. El-Mokadem takes over from interim ceo Hanne Sorensen. Former Maersk senior executive Sorensen was appointed following the takeover of V.Group by Advent International last year after which ceo, Clive Richardson left the group. El-Mokadem joins the owner of the world’s largest ship manager coming from testing and advisory company Evoxa where he was chief executive.
7. Notorious Flag Flies Again
One of the world’s most notorious shipping flags is back in the headlines. Despite the Cambodian government officially rescinding its shipping register 13 months ago, the Phnom Penh Post reports at least 19 foreign-owned vessels are still flying the red and blue flag. The Cambodian register gained infamy for hosting many substandard ships. It was notorious as the flag of choice for arms smugglers, drug dealers and human traffickers, as well as being favoured by the Kim regime in North Korea.
8. Liquid Hydrogen Cruising
Viking Cruises has revealed that it is developing what could become the world’s first cruise powered by liquid hydrogen. The company announced the plan Friday at the Safety at Sea Conference held in Haugesund, Norway. The proposed hydrogen-powered cruise ship will be built based on existing cruise ship designs, such as the Viking Sun. It will be around 230 meters long and will accommodate more than 900 passengers and a crew of 500, according to Viking.
9. Joining Forces Against Piracy
The Ministry of Foreign Affairs of Japan (MOFA Japan) and the Maritime and Port Authority of Singapore (MPA), in cooperation with the ReCAAP Information Sharing Centre (ReCAAP ISC), jointly launched the inaugural Capacity Building Executive Programme on combating piracy and armed robbery against ships in Asia in Singapore. The Capacity Building Executive Programme—targeted at senior-level personnel with 10 to 15 years of experience and above in maritime enforcement—will see ReCAAP Contracting Parties participate in a 10-day training held both in Singapore and Japan from September 27 to October 6, 2017.

10. Day of Reckoning on Finance
When a cancelled order freed up nine slots at the Ulsan shipyard in South Korea in late 2007, the news set off a frenzy of activity 6,000 miles away in Hamburg. MPC Capital, keen not to lose the slots, scrambled to arrange finance for its latest set of funds. Within weeks, it had a US$1.1bn line of credit from a group of banks. With the cash in place, in April 2008 it placed an order for nine of the latest neopanamax container ships. Ordinary German citizens were at the time obsessed with investing in ships. Hundreds of so-called "dentist funds" had popped up – at one stage financing a quarter of all the ships being built globally.

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


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