Top Ten Maritime News Stories 09/11/2017

Seacurus Daily: Top Ten Maritime News Stories 09/11/2017

1. Crew Murder Suspects

Two crewmembers of the "MSC Giannina" have been arrested, suspected of having killed Yurii Kharytonov, master of the containership which is still under arrest alongside the Voltri Terminal Europa in the port of Genoa. Both the officers arrested are Ukrainian as was the 54-year old captain, whose body investigators believe was thrown into the sea while the ship was en route from Gioia Tauro to Genoa three weeks ago. First officer Dmytro Savinykh and third officer Oleksandr Maltsevdi were held in Genoa and faced further questioning by the police. A bloodstain found on the vessel prompted further investigation.

2. Last Man Heads Home
The last men onboard the detained OSV "Malaviya Seven" are heading home from Aberdeen to India after a buyer was found for the ship. Bust GOL Offshore from Mumbai owes hundreds of thousands of dollars in salaries to staff both ashore and at sea. The Malaviya Seven has been detained in Scotland for a year with six of the crew still onboard after more than 16 months. The ITF said the 24 crew of the vessel were owed more than £600,000 in total. An auction of the ship saw the ship withdrawn from sale, though it seems a bid has now been accepted.
3. Huge Shipping Divergence
The huge divergence on shipping’s CO2 emission promises spilled out onto social media this morning as the chief lobbyist for shipowners lashed out at one of the nations seeking the greatest and quickest emission targets. The International Chamber of Shipping (ICS), which is representing the world’s national shipowners’ associations and over 80% of the world merchant fleet at the United Nations Climate Change Conference (COP 23) in Bonn this week, took to Twitter today to decry one its chief critics in the increasingly fierce environmental debate surrounding the future of shipping.
4. Climate Risk Assessment
A report out this week urges ship financiers to move together in creating a global standard for maritime-specific climate risk assessments. The report – Preparing shipping banks for climate change: How can internal carbon pricing help ship-financing banks in risk management? – was published by the Carbon Pricing Leadership Coalition and global NGO Carbon War Room Also contained in the eight-page document are suggestions for shipping to consider methods such as internal carbon pricing whereby the future potential costs of investments are factored into the bottom-line as dollars per ton of CO2.

5. Artificial Intelligence at Sea
Japan’s Mitsui O.S.K. Lines has teamed up with Fujitsu Laboratories and Tokyo University of Marine Science and Technology to verify the accuracy of technology to estimate vessel performance at sea by applying Fujitsu’s artificial intelligence (AI) technology – Fujitsu Human Centric AI Zinrai. The project is a part of MOL’s initiative to assess the effectiveness of AI technology, and aims to reduce fuel consumption and vessels’ environmental impact by using the AI technology. MOL has been at the forefront in adopting and studying new technology, using the blockchain and virtual reality to improve seafarer safety in October.
6. Piracy Incidents on Rise
The number of incidents of piracy against ships in Asia in October increased compared to the same period in 2016. Nine incidents were reported in October 2017 compared to seven incidents reported in October 2016.  Two of the nine were failed attempts where the ship’s crews prevented the pirates from boarding.
There weren’t any incidents involving the abduction of crew from ships in the Sulu-Celebes Sea and waters off Eastern Sabah in October, and there were no incidents involving the hijacking of ship for theft of oil cargo. 
7. Record Breaking Order
MSC’s record-breaking order for 11 giant boxships in South Korea are larger than initially reported. Analysts at Alphaliner believe the ships, originally reported as 22,000 teu class, could carry 23,356 teu. The ships are believed to be one row wider than the existing largest boxships with a length of 402 m and a breadth of 61.40 m. They feature a length of 24 container bays, a breadth of 24 deck rows, a height of 24 container tiers – 12 in the holds and up to 12 on deck, leading Alphaliner to christen this ship type the Megamax-24.
8. Piracy Ransom Decision
The Supreme Court has reversed the decision of the Court of Appeal in Mitsui & Co Ltd & Ors v Beteiligungsgesellschaft LPG Tankerflotte MBH & Co KG & Anor (2017) holding that vessel-operating expenses incurred in negotiating a piracy ransom fell within Rule F of the York-Antwerp Rules 1974 as alternative expenses.
In 2009, the LPG carrier "LONGCHAMP" was on a voyage between Norway and Vietnam when she was taken by Somali pirates. In the weeks following capture, the owners negotiated the ransom demand down from the initial demand of US$6m to US$1.85m, which was paid around two months after the ship’s capture. 
9. Avoiding Port Disaster
Disaster avoided thanks to tankers’ Captains and port authorities, La Coruna, Spain. Aframax tanker EAGLE TURIN and product tanker SICHEM HAWK had to leave Repsol oil terminal at La Coruna, Spain, in emergency, after their mooring lines started to break up one after another after strong wind and heavy waves hit the port in the morning Nov 8. First to take out was Aframax EAGLE TURIN, which was offloading 83000 tons of crude oil. Second was SICHEM HAWK, loading diesel oil. EAGLE TURIN since leaving port was moving in legs off La Coruna, SICHEM HAWK moved to Ria de Bentranzos Bay north of La Coruna.
10. Rich Eye Shipping
The leap in assets at Credit Suisse’s private bank to a record high this year has been aided by a key plank of the bank’s new strategy: lending money to the world’s ultra-wealthy. Switzerland’s second-biggest bank is trying to lure more rich customers by helping them fund their businesses and lifestyles, with shipping, aviation and real estate loans a central focus. Finance sources estimated Credit Suisse’s exposure in shipping alone was at least $12 billion.

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


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