Seacurus Daily: Top Ten Maritime News Stories 23/11/2017




Seacurus Daily: Top Ten Maritime News Stories 23/11/2017

1. Mega Box Collision
Mega container ship  MSC Luciana collided with Chinese engineering ship Su Lian Hai Ji 0118 near Caofeidian Port in Hebei on Tuesday. The engineering ship suffered severe hull damage after the collision and took on water.
Beihai Rescue Bureau sent a rescue boat after receiving the distress signal from the ship and managed to tow the vessel to a nearby beach. All 16 crew onboard the ship have been rescued without injury.
https://goo.gl/Gy3RC4
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2. French Embracing LNG
The French government has announced its endorsement of LNG as a marine fuel. On Tuesday, Prime Minister Edouard Philippe told an audience at a maritime conference in Le Havre that France will change regulations to facilitate LNG refueling at French ports,
and may also change rules on amortization of investments in maritime technology in order to promote new alternatives.
https://goo.gl/MW1Uv6
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3. Philippines Seizes Pirates
Special operations teams with the Philippine Naval Forces arrested six suspected Abu Sayyaf pirates in a maritime interdiction operation near Sulu. On fishing grounds between Sulu and Basilan, the commercial fishing boat
"Nancy 888" reported that it was being harassed and chased by two boats with armed men. In response, the Phillippine Navy activated two special operations teams aboard the patrol vessel BRP Manuel Gomez and dispatched them to the scene. 
https://goo.gl/Jt78YF
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4. Alone for a Year
A young Indian tanker captain has survived a year alone with no electricity and minimal food and water.
Nirmal Singh Rawat, 27, survived on the abandoned tanker "MT Hamed 2" which was anchored off Sharjah in the UAE, clinging to the hope of seeing his family again one day. He ate only once every
three days to conserve the food he received from the crew of passing ships until recently when local authorities started supplying him with provisions.
https://goo.gl/WsVF6B
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5. British Budget Misses
U.K. Chancellor of the Exchequer Philip Hammond has delivered his Autumn Budget, saying it allows businesses to invest with confidence. The budget includes a tax measure expected to unlock further investment in the U.K. North
Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Though was 
disappointing on seafarer training with no funding for industry’s SMarT plus proposals. 
https://goo.gl/6d5zKg
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6. Container Fleet Landmark 
The cellular containership fleet breached the 21m teu mark on November 2, analysts at Alphaliner report. It took 22 months to grow from 20m teu – the pace of growth the slowest recorded since 2000, with the average rate of growth during the 2000-2015 period
coming in at 1m teu added every 12-13 months.
https://goo.gl/EF1JaZ
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7. Supply and Demand At Odds
It’ll take through to 2021 before the supply/demand equilibrium becomes favourable for shipping, the world’s most famous shipping analyst, Clarkson’s Dr Martin Stopford told the Maritime CEO Forum in Hong Kong. In an opening
Q&A session to the event, moderated by Splash columnist Neville Smith, Stopford said the four-year hiatus was needed to get rid of underlying surplus which, he said, was currently hidden by slow steaming. 
https://goo.gl/ELA2AR
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8. Tanker Rates Struggling
John Fredriksen’s Frontline says that tanker rates in the third quarter of the year were at their weakest since 2013. Fredriksen’s flagship tanker company reported a third quarter net loss of $24.1m which it blamed on weak
tanker spot rates and a $5.8m loss from the termination of charter for the suezmax tanker Front Ardenne. 
The low spot rates were a result of the aggressive fleet growth seen in the tanker sector. 
https://goo.gl/GDNgPt
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9. EU Emissions Approval
The revision of the EU emissions trading system, set to help reduce greenhouse gas emissions, has received an approval from the Member States. The development comes two weeks after the European Parliament, the Council of
Ministers and the European Commission reached a provisional deal to revise the EU ETS, according to the European Community Shipowners’ Associations (ECSA).
https://goo.gl/1FHzuZ
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10. Coal Ship Queues Grow
The number of coal vessels queuing at the Dalrymple Bay Coal Terminal in Australia’s Queensland state is at the highest level seen since early 2010, shipping data and historical records from terminal operator DBCT Management showed. On Wednesday, there
were 44 ships at anchor off the terminal and two loading coal, according to shipping data.
https://goo.gl/YYHEtA
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Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions 
www.seacurus.com

 

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