Top Ten Maritime News Stories 31/10/2017

Seacurus Daily: Top Ten Maritime News Stories 31/10/2017

1. COSCO Swoops on Tankers
Cosco Shipping Energy Transportation (CSET), the tanker unit of China Cosco Shipping, has approved a proposal to order a total of 14 tankers at two state-run domestic yards. CSET will order four 320,000 dwt VLCCs and three 160,000 dwt crude tankers at Dalian Shipbuilding Industry (DSIC), and five 110,000 dwt tankers and two 65,000 dwt tankers at CSSC Offshore & Marine Engineering, formerly known as Guangzhou Shipyard International. The official shipbuilding contracts will be signed soon.
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2. North Hacks Korean Shipbuilding 
North Korea stands accused of hacking into one of the world’s top shipbuilders. A South Korean politician has claimed the Kim Jung Un regime stole warship blueprints from Daewoo Shipbuilding & Marine Engineering (DSME). The South Korean government is now in touch with DSME to try and strengthen the yard’s cyber resilience. North Korean hackers have been accused of many cyber attacks this year, including the WannaCry ransomware attack in May.
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3. Collision Leaves Crew Missing
Chinese bulker Li Dian 2 and general cargo ship Lu Di 67 collided near Shanghai this morning, leading to the sinking of Lu Di 67. Donghai Rescue Bureau sent a rescue team after receiving a distress signal from the cargo vessel, and managed to save 7 of the 8 crew onboard with the other one missing. The local maritime safety authority has informed nearby vessels to avoid the vessel wreckage site and deployed an oil spill response team to clean a minor spill at the site. The 56,900 dwt Li Dian 2 is operated by Jinagyin Lidian Coal Transportation and Lu Di 67 is run by Shanghai Greenland Group.
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4. Gifted Ship Goes Walkies
A fishing and research vessel donated by the Japanese Government to the Federal College of Fisheries and Marine Technology (FCF&MT) in Lagos has been stolen by pirates. This is even as the Nigerian Maritime Administration and Safety Agency (NIMASA) disclosed that it has been able to trace the missing vessel to neighbouring Cameroun. An investigation showed that the vessel, Sarki Baraka, is a 1982 built Panama flagged vessel with IMO number 8103107, MMSI: 371759000 Call Sign: HO4222. It has a Gross Tonnage of 1091 and Deadweight: 1200. The length overall and breadth extreme is 68.58m × 12.5m
goo.gl/c2Qo1b
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5. Ill Equipped on Abandonment
Modern shipping is systemically and culturally ill-suited toward intervening early to nip abandonment problems in the bud. Whether it is in matters of safety, security or the welfare, the incentives not to act early are too strong. Invariably, those incentives are financial. The system that is supposed to address seafarer abandonment actually transfers financial responsibility away from shipowners. It makes the act of abandonment someone else’s problem to deal with. It is shot-through with moral hazard. Nation States have been quick to criminalise seafarers. Now they need to be as quick to criminalise those who abandon them.
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6. LNG Cruises Beckon
The cruise ship and shipbuilding industries marked an important milestone recently with the beginning of construction of the "AIDAnova" in Germany and the Costa Smeralda in Finland. Far more than just two more new cruise ships, they will be the first of a new generation of cruise ships fully powered by LNG. The adoption of LNG-power represents the first significant development in ship power in nearly a century. Since the conversion from coal the 1920s, ships have used heavy oil as their fuel source.  “Without a doubt, the future belongs to low-pollutant LNG,” asserts Meyer Werft, one of the world’s leading shipbuilders.
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7. Failure to Scrap
Dry bulk shipowners are not helping their own cause by a failure to scrap vessels, which will lead to an “extremely volatile” market recovery warns Precious Shipping. In its third quarter results Precious Shipping noted that demand had grown, as could be seen from the cargo numbers from China, with the Baltic Dry Index (BDI) rising to 1,356 points on 29 September. However, when it comes to vessel supply Precious Shipping md Khalid Hashim warned: “net increase in supply has exceeded our most pessimistic expectations at 21.64m dwt easily surpassing the entire net supply increase of 18.51m dwt in all of 2016!”
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8. Training with VR
Mitsui OSK Lines (MOL) has developed a safety training tool using virtual reality (VR) goggles. The tool uses VR technology developed by Tsumiki Seisaku and replicate training scenarios and work tasks. With the seafarer wearing VR goggles it means that the training can be carried out at any location be it onboard the vessel, in the office or in a training centre. Initially training will focus on preventing accident falls which MOL said were a major cause of injuries, and later expanded to other areas and more vessels.
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9. Box Ship Flag Landmark
The 20,170 teu "MOL Truth" has been registered with Panama, a first for the Registry. "This is a historic moment, as we are registering the first ship of Panamanian flag of 20,000 containers of Japan, in the context of the 100 years of Panama Ship Registry and 40 years of friendship between the cities of Imabari and Panama,” said Jorge Barakat Pitty, Panama Minister of Maritime Affairs. The ship 20,170 teu MOL Truth is deployed for trade between Asia and Europe and she will be operated by Mitsui OSK Lines (MOL), serving mainly the Toyota Corporation cargo. She was named in the shipyard of Saijo of the city of Imabari.
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10. Singapore PSA Record Breaker
Singapore terminal operator PSA has set a Guinness World Record for the largest shipping container image. The image of the Lion’s Head that symbolises Singapore involves 359 containers laid out in the yard of Tanjong Pagar Terminal, the country’s first container terminal that opened 45 years ago. The image took 15 hours to complete and is visible from both the air and the city’s Central Business District. The terminal received Singapore’s first containership call from the vessel Nihon in 1972. The decision to build the terminal was taken in 1966 when Japan was the only country in Asia to have dedicated container terminals.
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Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions  www.seacurus.com

 

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