Seacurus Daily: Top Ten Maritime News Stories 11/12/2017
1. Calais Reopens After Grounding
The Port of Calais in France has reopened after a passenger ferry ran aground in heavy winds. A total of 316 people, including 208 passengers, are reported to have been on board the P&O ship which has since been refloated. The incident happened as the region
was hit by 75mph winds during Storm Ana. Video clips posted online show tugboats struggling to refloat the Pride of Kent during the heavy winds. A P&O spokesman said no-one was injured and the passengers were transferred to another vessel. He said: We can
confirm that one of our ships ran aground whilst leaving the Port of Calais.
https://goo.gl/18R8rP
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2. CMA CGM and Maersk Deal
French shipping major CMA CGM has completed the acquisition of Brazils container shipping line Mercosul Line from Maersk Line. CMA CGM and Maersk Line announced the deal in June as part of Maersk Lines move to acquire Hamburg Süd, which Maersk finalized
at the end of November. Namely, the Mercosul transaction was subject to Brazilian regulatory approval and the closing of the Hamburg Süd deal. The company had to change ownership in order to ensure the cabotage sector in Brazil remains competitive.
at the end of November. Namely, the Mercosul transaction was subject to Brazilian regulatory approval and the closing of the Hamburg Süd deal. The company had to change ownership in order to ensure the cabotage sector in Brazil remains competitive.
https://goo.gl/8atGzf
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3. Welcoming Seafarer Improvements
European shipowners and European transport workers speak together to warmly welcome todays adoption of a Council Directive improving seafarers working conditions. This change will implement an agreement between the European Community Shipowners Associations
(ECSA) and the European Transport Workers Federation (ETF), which will bring European rules up-to-date with international best practice. The new rules oblige shipowners to provide financial security protecting seafarers against the consequences of abandonment
in an overseas port, and contractual compensation in the event of the death or long-term disability.
https://goo.gl/TtBbmd
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4. BIMCO Chief Extends Contract
BIMCOs Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus: Right now, is a very interesting time for shipping, and
I am very happy to be offered the opportunity to extend my contract. I can continue to lead an organisation that has the practical expertise and the scope to make a real difference on crucial industry issues, for example, the current environmental discussions
and the establishing of a greenhouse gas strategy and objectives for the shipping industry, says Frew.
https://goo.gl/iMAaRZ
BIMCOs Secretary General & CEO, Angus Frew, will extend his contract to the end of 2022. Over the past four years, Frew has been instrumental in modernising BIMCO and in increasing its member-focus: Right now, is a very interesting time for shipping, and
I am very happy to be offered the opportunity to extend my contract. I can continue to lead an organisation that has the practical expertise and the scope to make a real difference on crucial industry issues, for example, the current environmental discussions
and the establishing of a greenhouse gas strategy and objectives for the shipping industry, says Frew.
https://goo.gl/iMAaRZ
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5. Hanjin Head Insider Dealing
Choi Eun-young, 55, the former chairwoman of now-defunt Hanjin Shipping was handed an 18-month jail sentence by a court in Seoul today, convicted of insider trading. Choi was sentenced for her familys decision to sell off their stake in the Korean line
days ahead of Hanjin announcing a court-led debt restructuring. The debt restructuring ultimately failed and Hanjin became the most high profile bankruptcy in the 62-year history of container shipping. The court also ordered Choi to pay a KRW1.2bn ($1.09m)
fine and forfeit KRW503m.
days ahead of Hanjin announcing a court-led debt restructuring. The debt restructuring ultimately failed and Hanjin became the most high profile bankruptcy in the 62-year history of container shipping. The court also ordered Choi to pay a KRW1.2bn ($1.09m)
fine and forfeit KRW503m.
https://goo.gl/HQuUyD
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6. Dry Bulk on Ropes
The dry bulk market looks to be on a tight rope as it balances its way out of the doldrums. Overcapacity will still linger on as 2018 is about to enter the foray. BIMCOs Chief Shipping Analyst Peter Sand says that demolition levels are set to fall, compared
to 2017, as rates are improving, while trade levels arent expected to return to the height of the current fourth quarter, before the third quarter of 2018.
https://goo.gl/s6WcWW
to 2017, as rates are improving, while trade levels arent expected to return to the height of the current fourth quarter, before the third quarter of 2018.
https://goo.gl/s6WcWW
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7. Nigerian Cadet Success
The Nigerian Seafarers Development Programme has produced another 59 cadets, who graduated from the Liverpool John Moores University, United Kingdom. The programme is part of the Capacity Building initiative of the Nigerian Maritime Administration and Safety
Agency. NIMASA Head of Corporate Communications, Mr Isichei Osamgbi, in a statement on Thursday said 1,343 graduates have been produced by the scheme since its inception. The graduates were produced from institutions in UK, Egypt, Romania and Philippines.
The Nigerian Seafarers Development Programme has produced another 59 cadets, who graduated from the Liverpool John Moores University, United Kingdom. The programme is part of the Capacity Building initiative of the Nigerian Maritime Administration and Safety
Agency. NIMASA Head of Corporate Communications, Mr Isichei Osamgbi, in a statement on Thursday said 1,343 graduates have been produced by the scheme since its inception. The graduates were produced from institutions in UK, Egypt, Romania and Philippines.
https://goo.gl/gSw6fF
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8. Electric Vessel Progress
Like Bitcoin, electric vehicles (EVs) are topics du jour and fascinating subjects. EVs, though, I find more interesting in that they have more moving parts and are a topic the shipping industry should be looking at. Short term, there is likely to be little
impact. But beyond five years, I think we are going to see a marginal increase in related bulk materials needed for EV batteries as well as increased use in aluminium across the auto industry which will have an impact on demand for mid-size vessels, as well
as a few larger bulk vessels.
impact. But beyond five years, I think we are going to see a marginal increase in related bulk materials needed for EV batteries as well as increased use in aluminium across the auto industry which will have an impact on demand for mid-size vessels, as well
as a few larger bulk vessels.
https://goo.gl/jmBRjS
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9. Explosion Investigation Results
The U.K. Marine Accident Investigation Branchs (MAIB) report on two explosions of gas released from a cargo of unprocessed incinerator bottom ash on "Nortrader" while at anchorage in Plymouth has been published. The first explosion was in the forecastle store
and the second in the cargo hold. The MAIB investigation established that the explosions were caused by the ignition of hydrogen gas released from the cargo. Prior to this accident, there had been 34 similar shipments of incinerator bottom ash from Plymouth
to the Netherlands and, despite it not being listed in the IMSBC Code.
The U.K. Marine Accident Investigation Branchs (MAIB) report on two explosions of gas released from a cargo of unprocessed incinerator bottom ash on "Nortrader" while at anchorage in Plymouth has been published. The first explosion was in the forecastle store
and the second in the cargo hold. The MAIB investigation established that the explosions were caused by the ignition of hydrogen gas released from the cargo. Prior to this accident, there had been 34 similar shipments of incinerator bottom ash from Plymouth
to the Netherlands and, despite it not being listed in the IMSBC Code.
https://goo.gl/vqL8JN
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10. Highlighting Human Rights
The U.K.-based charity Human Rights at Sea celebrated Human Rights Day and the start of a year-long campaign to mark the forthcoming 70th anniversary of the Universal Declaration of Human Rights. On December 10, 1948, the UN adopted the Universal Declaration
of Human Rights. In 1950, the Assembly passed resolution 423 (V), inviting all States and interested organizations to observe December 10 of each year as Human Rights Day. It is the most translated document in the world, being available in more than 500 languages.
This year the U.N. calls on everyone to stand up for equality, justice and human dignity.
of Human Rights. In 1950, the Assembly passed resolution 423 (V), inviting all States and interested organizations to observe December 10 of each year as Human Rights Day. It is the most translated document in the world, being available in more than 500 languages.
This year the U.N. calls on everyone to stand up for equality, justice and human dignity.
https://goo.gl/fNMGnG
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