Seacurus Daily: Top Ten Maritime News Stories 29/11/2017
1. Maersk New Management Team
A.P. Møller – Maersk A/S has advanced its future business focus on container shipping, ports and logistics with the strengthening of its management team. The company has appointed the Chief Operating Officer, Chief Commercial Officer and the CEO of APM
Terminals to the Executive Board. Effective from December 1, 2017, Vincent Clerc, Executive Vice President and Chief Commercial Officer, Morten Engelstoft, Executive Vice President and Chief Executive Officer APM Terminals, and Søren Toft, Executive Vice President
and Chief Operating Officer, will join the Executive Board.
Terminals to the Executive Board. Effective from December 1, 2017, Vincent Clerc, Executive Vice President and Chief Commercial Officer, Morten Engelstoft, Executive Vice President and Chief Executive Officer APM Terminals, and Søren Toft, Executive Vice President
and Chief Operating Officer, will join the Executive Board.
https://goo.gl/KgsK5t
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2. Takeover Hits Speed Bump
Maersk Lines takeover of Hamburg Sud has hit a speed-bump in South Korea where the local antitrust watchdog has demanded the latter pull out of a number of vessel sharing agreements. The two firms have had their $4bn merger plans approved by most nations
but South Koreas Fair Trade Commission has demanded Hamburg Sud exit vessel sharing agreements on a couple of Asia-Latin America services. Maersk has quickly responded to the setback, saying it is happy to take Hamburg Sud out of the vessel sharing agreements
in question and it still thinks South Korean authorities will green light the merger this week.
but South Koreas Fair Trade Commission has demanded Hamburg Sud exit vessel sharing agreements on a couple of Asia-Latin America services. Maersk has quickly responded to the setback, saying it is happy to take Hamburg Sud out of the vessel sharing agreements
in question and it still thinks South Korean authorities will green light the merger this week.
https://goo.gl/R3DQFM
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3. Touchy Feely Side of Shipping
Birgit Marie Liodden, the director of Nor-Shipping, discusses sexual harassment in our industry in this extremely frank and important article for Splash. As a number of industries are debating and sharing stories on sexual harassment, I have wondered when
my industry will join the discussions. With more than 11 years in shipping, there have been a few, and even though they arent too serious I know about some girls who have encountered far worse experiences, so I think its time to encourage this important
discussion across global shipping.
my industry will join the discussions. With more than 11 years in shipping, there have been a few, and even though they arent too serious I know about some girls who have encountered far worse experiences, so I think its time to encourage this important
discussion across global shipping.
https://goo.gl/v3ouYy
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4. US Arctic Drilling Move
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has given approval for Arctic exploration operations on the Outer Continental Shelf for the first time in more than two years. The permit to drill has been issued to Eni U.S. Operating Co.
Inc. Drilling the exploratory well from a man-made island, Spy Island, in the Beaufort Sea is expected to start as early as this December. Spy Island is located approximately three miles offshore of Oliktok Point, in State of Alaska waters. Both the island
and Oliktok point are already home to Eni production facilities comprising 18 producing wells, 13 injector wells and a disposal well.
Inc. Drilling the exploratory well from a man-made island, Spy Island, in the Beaufort Sea is expected to start as early as this December. Spy Island is located approximately three miles offshore of Oliktok Point, in State of Alaska waters. Both the island
and Oliktok point are already home to Eni production facilities comprising 18 producing wells, 13 injector wells and a disposal well.
https://goo.gl/3BmWAE
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5. Bibby Does Deal
Bibby Offshore has reached agreement with noteholders on the recapitalisation of its balance sheet in a deal which will see Bibby Line transfer its entire ownership to noteholders. A deal was reached with noteholders holding 80% of Bibby Offshores £175
million 7.5% senior secured notes due 15 June 2021 where the notes have been valued at £65m, while £50m will be raised through a rights offering to the noteholders. The recapitalisation will see Bibby Offshore emerge with a debt-free balance sheet, however
the company said it will continue to focus on cost reductions to significantly reduce its fixed cost base.
million 7.5% senior secured notes due 15 June 2021 where the notes have been valued at £65m, while £50m will be raised through a rights offering to the noteholders. The recapitalisation will see Bibby Offshore emerge with a debt-free balance sheet, however
the company said it will continue to focus on cost reductions to significantly reduce its fixed cost base.
https://goo.gl/sD8zqM
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6. International Maritime Prize
The prestigious International Maritime Prize has been presented to Koji Sekimizu, former Secretary General of the IMO. IMO Secretary-General Kitack Lim presented the prize on November 27. Mr. Sekimizu has dedicated his career and his lifetime to promoting
safety of life at sea and protecting the marine and atmospheric environment. He is truly deserving of the International Maritime Prize, Lim said. The IMO Council unanimously decided to award the Prize in recognition of his invaluable contribution to the work
and objectives of the IMO and the international maritime community as a whole.
safety of life at sea and protecting the marine and atmospheric environment. He is truly deserving of the International Maritime Prize, Lim said. The IMO Council unanimously decided to award the Prize in recognition of his invaluable contribution to the work
and objectives of the IMO and the international maritime community as a whole.
https://goo.gl/AFMzYm
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7. Remember The Human Element
The hype around autonomous shipping fails to take into account the value the human being can bring onboard a ship and the real cost of replacing seafarers, argues Anglo-Eastern ceo Bjorn Hojgaard. Hojgaard says he does not see autonomous shipping happening
for the worlds fleet of 60,000 70,000 deepsea ocean trading vessels in the next 20 years. The argument is 90% of all accidents at sea are caused by the human factor, but does anybody stop and ask how many times did the human save the day? When human intervention
saves the day, you never hear about those because they dont become accidents, Hojgaard says.
for the worlds fleet of 60,000 70,000 deepsea ocean trading vessels in the next 20 years. The argument is 90% of all accidents at sea are caused by the human factor, but does anybody stop and ask how many times did the human save the day? When human intervention
saves the day, you never hear about those because they dont become accidents, Hojgaard says.
https://goo.gl/ykPhk6
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8. New Challenges for Shipping
The Tripartite Shipbuilding Forum, which brings together shipowner associations, classification societies and shipyards, has heard that carbon emissions, safety and cyber security coming to the top of its agenda. The forum reached general conclusions on
ship design and technology and agreed that the industry needs to design ships differently and be more technologically innovative to reach world climate goals and counter cyber security risks. The shipping industry urgently needs new ship designs, equipment,
propulsion systems and alternative fuels to achieve CO2 reduction goals, the forum agreed.
ship design and technology and agreed that the industry needs to design ships differently and be more technologically innovative to reach world climate goals and counter cyber security risks. The shipping industry urgently needs new ship designs, equipment,
propulsion systems and alternative fuels to achieve CO2 reduction goals, the forum agreed.
https://goo.gl/nPNWsj
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9. Safety for Cargo Carriage
Safety aspects of the way in which cargo is packed and transported in unit loads across the global supply chain continue to be the focus of opportunities for improvement. During a session of the Intermodal Europe Conference in Amsterdam today, four industry
organisations representing different sectors of the supply chain have been drawing attention, in particular, to the responsibilities of container owners and operators in providing equipment that is fit for purpose and properly packed with cargo as set out
in the CTU Code.
https://goo.gl/iB4zPZ
organisations representing different sectors of the supply chain have been drawing attention, in particular, to the responsibilities of container owners and operators in providing equipment that is fit for purpose and properly packed with cargo as set out
in the CTU Code.
https://goo.gl/iB4zPZ
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10. Tanker Fired On
A product tanker was fired upon while underway some 33 nautical miles South West of Mukalla, Yemen on November 21. The vessel was chased by a speedboat manned by a group of armed persons, who opened fire upon the tanker once it closed in. The crew of the
tanker raised the alarm, increased the speed and started vessel manoeuvers to thwart boarding, IMB Piracy Reporting Centre informed. All non-essential crew mustered in the engine room. Due to the hardening measures and the presence of an armed security team
on board the boarding was averted, IMB said. All crew members are reported to be safe.
tanker raised the alarm, increased the speed and started vessel manoeuvers to thwart boarding, IMB Piracy Reporting Centre informed. All non-essential crew mustered in the engine room. Due to the hardening measures and the presence of an armed security team
on board the boarding was averted, IMB said. All crew members are reported to be safe.
https://goo.gl/6nXLXa
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Daily news feed from Seacurus Ltd providers of MLC crew insurance solutions
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S Jones
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