Seacurus Daily: Top Ten Maritime News Stories 23/10/2017
1. 50k Box Ships Coming
Consultants McKinsey has issued a report looking at container shipping 50 years from now, a time when it predicts ships will be autonomous and capable of carrying up to 50,000 teu. By 2067, McKinsey predicts autonomous 50,000 teu ships will plow the seas, perhaps alongside modular, drone-like floating containers — in a world where the volume of container trade is anything from two to five times greater than it is today. In terms of scale, the current record breaking 22,000 teu ships under construction for MSC and CMA CGM could be dwarfed in years to come, McKinsey believed.
Consultants McKinsey has issued a report looking at container shipping 50 years from now, a time when it predicts ships will be autonomous and capable of carrying up to 50,000 teu. By 2067, McKinsey predicts autonomous 50,000 teu ships will plow the seas, perhaps alongside modular, drone-like floating containers — in a world where the volume of container trade is anything from two to five times greater than it is today. In terms of scale, the current record breaking 22,000 teu ships under construction for MSC and CMA CGM could be dwarfed in years to come, McKinsey believed.
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2. Cheshire Discharge Starts
Cargo discharging operations from the stricken bulk carrier "MV Cheshire" has started at the Spanish port of Motril, the ship’s owner Bibby Line informed. The unloading process is estimated to take approximately 15 days, with the length of time needed due to the stevedores only working in daylight hours and the cargo sampling process adding to the discharge time, the company said. MV Cheshire experienced elevated temperatures in its cargo holds 4 and 5 on August 12. Its cargo, NPK fertilizer, decomposed whilst the ship was south of Gran Canaria, sailing from Norway to Thailand.
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3. Corporations Shaping IMO
A study published today by London-based non-profit organisation InfluenceMap claims corporations have unmatched power to shape regulations at the United Nations’ shipping body, the International Maritime Organization (IMO). The report – Corporate capture of the IMO – has been timed for release to coincide with the start of the next round of IMO climate talks. The report claims big business and major shipping trade groups are “actively and collectively” obstructing global climate change policy. Major flags of convenience as well as Bimco, the World Shipping Council and the ICS are highlighted as barriers.
A study published today by London-based non-profit organisation InfluenceMap claims corporations have unmatched power to shape regulations at the United Nations’ shipping body, the International Maritime Organization (IMO). The report – Corporate capture of the IMO – has been timed for release to coincide with the start of the next round of IMO climate talks. The report claims big business and major shipping trade groups are “actively and collectively” obstructing global climate change policy. Major flags of convenience as well as Bimco, the World Shipping Council and the ICS are highlighted as barriers.
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4. Shipyard Going Under
The Greek government has moved to have the country’s largest shipyard Hellenic Shipyards declared bankrupt. The insolvency proceedings were filed under the country’s revised bankruptcy code, which foresees the rapid sale of assets and the withdrawal of old shares. The government’s petition has brought a strong reaction from the yard’s owner, Privinvest Group of Lebanon and yard workers trade unions. One of the largest facilities in the Mediterranean, the Skaramanga-based yard has been virtually closed since 2014 with workers claiming back pay.
The Greek government has moved to have the country’s largest shipyard Hellenic Shipyards declared bankrupt. The insolvency proceedings were filed under the country’s revised bankruptcy code, which foresees the rapid sale of assets and the withdrawal of old shares. The government’s petition has brought a strong reaction from the yard’s owner, Privinvest Group of Lebanon and yard workers trade unions. One of the largest facilities in the Mediterranean, the Skaramanga-based yard has been virtually closed since 2014 with workers claiming back pay.
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5. Suez Revenues Slide
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017. However, Suez Canal Authority (SCA)’s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and SCZone (Suez Canal Economic Zone) Mohab Mamish said that that the number of ships crossing the canal waterway increased by 2.9 per cent, to 14 462 ships from 14 053 ships in 2016.
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017. However, Suez Canal Authority (SCA)’s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and SCZone (Suez Canal Economic Zone) Mohab Mamish said that that the number of ships crossing the canal waterway increased by 2.9 per cent, to 14 462 ships from 14 053 ships in 2016.
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6. Shipping Shareholders Jailed
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax evasion case. Following the guilty verdict delivered by the local court in Torre Annunziata delivered yesterday, Orsola Bottiglieri was sentenced to seven years jail while Giuseppe Mauro Rizzo, Roberto Rizzo, Ugo De Carlini and Grazia Bottiglieri were each given six and a half years. The length of sentences are more than requested by prosecutor Sergio Raimondi. The case came about after investigations launched two years ago from a tax audit on the company.
The former management at Naples-based RBD Armatori have collectively been sentenced to over 30 years of jail in a tax evasion case. Following the guilty verdict delivered by the local court in Torre Annunziata delivered yesterday, Orsola Bottiglieri was sentenced to seven years jail while Giuseppe Mauro Rizzo, Roberto Rizzo, Ugo De Carlini and Grazia Bottiglieri were each given six and a half years. The length of sentences are more than requested by prosecutor Sergio Raimondi. The case came about after investigations launched two years ago from a tax audit on the company.
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7. Maritime Phishing Simulation
SOFTimpact the Maritime IT solutions specialist recently launched the worlds first and only dedicated Maritime Phishing Simulator. As part of this launch they are currently offering a FREE trial of the platform to all Maritime companies wanting to analzye their exposure to such attacks. Lee Williamson, Senior Consultant Maritime Cyber Security stated ” Many attacks we see start first with phishing emails, that is an attack where hackers attempt to trick users into clicking risky links or inputing their credentials. They do this by appearing to be from a legitimate or trusted source.
goo.gl/rdwgy4
SOFTimpact the Maritime IT solutions specialist recently launched the worlds first and only dedicated Maritime Phishing Simulator. As part of this launch they are currently offering a FREE trial of the platform to all Maritime companies wanting to analzye their exposure to such attacks. Lee Williamson, Senior Consultant Maritime Cyber Security stated ” Many attacks we see start first with phishing emails, that is an attack where hackers attempt to trick users into clicking risky links or inputing their credentials. They do this by appearing to be from a legitimate or trusted source.
goo.gl/rdwgy4
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8. Sea Diamond to be Raised
The Greek government has ordered the raising of a sunken cruise ship that foundered just off the holiday island of Santorini ten years ago, leaving two passengers missing and presumed dead. The Merchant Marine Ministry said Friday the wreck of the Sea Diamond poses a potential environmental risk and is a hazard to shipping. On April 5, 2007, the 470-foot (143-meter) cruise ship struck a volcanic reef in the sea-filled crater formed by a massive volcanic eruption 3,500 years ago. It lies more than 300 feet (91 meters) deep.
The Greek government has ordered the raising of a sunken cruise ship that foundered just off the holiday island of Santorini ten years ago, leaving two passengers missing and presumed dead. The Merchant Marine Ministry said Friday the wreck of the Sea Diamond poses a potential environmental risk and is a hazard to shipping. On April 5, 2007, the 470-foot (143-meter) cruise ship struck a volcanic reef in the sea-filled crater formed by a massive volcanic eruption 3,500 years ago. It lies more than 300 feet (91 meters) deep.
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9. OOCL Receives Green Award
Container shipping company OOCL received top honours at this year’s Singapore Environmental Achievement Awards. The company was presented with the Outstanding Singapore Environmental Achievement Award, recognised as top performer among all award categories. Recognized by the community as one of the most prestigious environmental award schemes in Singapore and the region, the Awards were launched by the then Minister for the Environment in Singapore, Yeo Cheow Tong, to honor outstanding organizations and companies for their overall environmental stewardship, management and performance.
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10. Huge INTERCARGO Growth
INTERCARGO, the International Association of Dry Cargo Shipowners is growing at a rapid pace, as it seeks to raise its voice on various issues surrounding the future of the shipping industry, like emissions, port reception facilities and the implementation of the Ballast Water Treatment Convention. The association recently held its Technical and Executive Committees in Athens and Hellenic Shipping News Worldwide (www.hellenicshippingnews.com) hosts an exclusive interview with Dr. Kostas G. Gkonis, the Secretary General of INTERCARGO.
goo.gl/YZkVQm
INTERCARGO, the International Association of Dry Cargo Shipowners is growing at a rapid pace, as it seeks to raise its voice on various issues surrounding the future of the shipping industry, like emissions, port reception facilities and the implementation of the Ballast Water Treatment Convention. The association recently held its Technical and Executive Committees in Athens and Hellenic Shipping News Worldwide (www.hellenicshippingnews.com) hosts an exclusive interview with Dr. Kostas G. Gkonis, the Secretary General of INTERCARGO.
goo.gl/YZkVQm
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