Seacurus Daily: Top Ten Maritime News Stories 30/11/2017

Seacurus Daily: Top Ten Maritime News Stories 30/11/2017

1. COSCO Hits Number One

Cosco’s all out assault to become the world’s top containerline is yielding results. Analysts at Alphaliner report that Cosco, aided by the misfortune of a Danish rival, became the largest container carrier for the first time during the third quarter in terms
of container liftings. State-backed Cosco, which merged with China Shipping a couple of years ago, saw its liftings surge 23% to hit 5.49m teu in Q3, surpassing Maersk’s 5.26m teu. Maersk’s quarterly results were hit by a massive cyber attack this summer which
hampered operations, volumes and revenues in a significant way.
2. Remote Control Reality
Japan’s Mitsui OSK Lines (MOL) said today pioneering work with a voyage data recorder (VDR) on one its ships had given the company a “major step toward future remote vessel operation technology”. MOL teamed up with Japan Radio Co and JSAT Mobile Communications
in building a network that shares data recorded in a VDR by using Fleet Xpress provided by Inmarsat. In the past, VDR data was accumulated in its main unit onboard, so the data had to be stored in secondary storage such as a hard disk drive and mailed to offices
on shore. This meant shore-side personnel could not access this data during the voyage.
3. Shipping Spending Spree
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity. Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an order for nine massive vessels in September,
after a year of tepid sales for new ships. Within days, Gianluigi Aponte’s Mediterranean Shipping Co., the No. 2 container line, confirmed it had lobbed in an order for 11 behemoths, each of which can hold 22,000 shipping containers, enough capacity for 44,000
cars or 8.8 million 50-inch TVs. The orders amounted to almost $2.9 billion combined.
4. Broking Giant Hacked
Clarksons, the world’s largest shipbroker, has been hit by a cyber attack, and has called in the police to investigate the incident. “Our initial investigations have shown the unauthorised access was gained via a single and isolated user account which has now
been disabled. We have also put in place additional security measures to best prevent a similar incident happening in the future,” the London-listed company said in a release. The broker stressed to clients and shareholders that this incident has not affected
its ability to do business. However, the data stolen could be released by hackers, Clarkson warned.
5. Impasse Coming to End
An ugly impasse involving three ships managed by Singapore-headquartered Elektrans is coming to an end, with the vessels being sold and their crew finally getting paid. The "Distya Akula", "Distya Ameya" and "Distya Pushti" – three tankers controlled by Arya
Ship Charterers in which Elektrans also had a 17% holding – saw a time charter fail to pay up, resulting in the ships’ crew failing to be paid and living in squalid conditions for a number of months. The crew managed to mount a visible campaign online to highlight
their plight. Two of the ships were arrested in India and another detained in Cyprus.

6. Into the Pink
With Ocean Network Express (ONE) going with a magenta branding and colouring for its ships we can’t help but be reminded of ContShip Containerline’s marvellous pink containerships. According to analyst Alphaliner the Japanese container line merger, comprising
NYK, Mitsui OSK Lines and K Line, is set to go with an outstanding bright magenta colouring, far removed from the usual dark, drab colours seen in the industry.  Alphaliner said that the first drums of magenta paint were being opened to paint the first vessels
as it went to press yesterday.

7. Maritime Pilots Bravery Award
Two maritime pilots who defied fire to bring a burning ship to safety, averting a major maritime catastrophe, received the 2017 IMO Award for Exceptional Bravery at Sea during the 2017 IMO awards ceremony. Pilots Captain Michael G. McGee and Captain Michael
C. Phillips, from Houston, United States, were recognized for their role in averting a major tragedy in September 2016. The ship they were piloting, the 247 meters-long tanker Aframax River, broke down in the Houston Ship Channel in the middle of the night
and burst into flames after colliding with mooring dolphins.
8. Bitcoins Arrive in Shipping
A Ukrainian shipping company will start accepting payment in bitcoin — an early sign that the cryptocurrency could be used in international commodity trading. Varamar Ltd. is negotiating its first deal in bitcoin with a client, according to Alexander Varvarenko,
founder of the Odessa-based shipper. Bitcoin will make it easier to do business with customers in countries affected by sanctions, and means less paperwork than traditional bank deals, he said. “Paperwork for transactions is a complicated issue with banks,
and bitcoin payments will help solve that by being faster,” Varvarenko said.
9. Satcomms Choice Shrinking
Consolidation in the maritime satellite communications sector has accelerated in 2017, with the latest deal involving OmniAccess being swallowed up by the owners of Marlink. These mergers and acquisitions mean there are fewer providers of VSAT than there
were just two years ago. This restricts owners’ options for broadband communications at a time when the number of maritime VSAT units are rapidly increasing. But, it provides opportunities for the smaller players to gain market share. Marlink’s owners Apax
Partners signed an agreement to acquire a majority stake in OmniAccess, a leading provider of VSAT to superyachts.

10. Vessel Hard Aground
The Bulk carrier "Dora Schulte" reportedly ran aground on Nov 20 in Limende Strait, between Bangka Belitung islands, South China sea – Java sea, while en route from Singapore to Cigading port, Indonesia, Sunda Strait. Vessel seems to be hard aground in position
02 58S 107 11E, Indonesian authorities said there was no distress signal, no assistance required, crew remain on board. No leak reported. Reports indicate that that vessel, as of Nov 28 was still aground. With no signs of a salvage operation reported.

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


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