Seacurus Daily: Top Ten Maritime News Stories 21/12/2017

Seacurus Daily: Top Ten Maritime News Stories 21/12/2017

1. Cruise Excursion Tragedy
A bus carrying cruise ship passengers on an excursion to Mayan ruins in south-eastern Mexico flipped over on a narrow road, killing 11 travellers and their guide and injuring about 20 others, officials said. Seven Americans and two Swedes were among the
injured, said Vicente Martin, spokesman for the Quintana Roo state Civil Defence agency. Authorities had not yet established the nationalities of the dead. The bus ended up on its side in vegetation along the two-lane road. Video taken after the crash showed
some survivors lying on the pavement and others walking around.
2. Shots Fired at Chinese
South Korea’s coast guard said it fired almost 250 rounds of ammunition from a machine gun and other weapons during a confrontation with dozens of Chinese fishing vessels. More than 40 Chinese ships crossed into South Korean waters near Gageodo Island,
off the country’s southwest coast, the coast guard said. They were intercepted and ordered to leave. Coast guard ships fired "warning shots at the bows of the Chinese ships," including 180 rounds from an M-60 machine gun, and almost 70 rounds from assault
rifles and shotguns, the South Korean coast guard said in a statement.
3. Maersk Digs Deep
Maersk to lend $200 million to Indian container shipping companies with a view to facilitate its shipping customers to avail pre- and post shipment credit, Maersk Trade Finance, which is a part of Denmark-based A.P. Moller- Maersk has earmarked a plan
to pump in another $200 million to fund India-based businesses over the next 12 months. Commenced in 2016, Maersk Trade Finance which offers export finance solutions to its customers is looking to bridge gaps related to capital access enabling its customers
to take India-made products to global markets.
4. Hail to the Commodore
Ms. Sabrina S. M. Chao, Executive Chairman of Wah Kwong Maritime Transport Holdings Ltd. has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2018. The CMA’s Commodore Award is given each year to a person in the international
maritime industry who has contributed to the growth and development of the industry. "The CMA is honored to present Ms. Sabrina Chao with the 2018 Commodore Award," said Joe Gross, President of the CMA. "Sabrina’s story is a personal and corporate story of
commercial success and personal contribution to the health and future of the industry.
5. Looking Back on Trying Year
The Mission to Seafarers has celebrated a year of achievement while remembering those seafarers in continuing need during its annual Festival of Nine Lessons and Carols on 6th December. Attended by the MissionÂ’s President, HRH The Princess Royal, the service
coincided with the departure from India by many of the crew of the Seaman Guard Ohio, including the Chennai Six, marking the successful culmination of a four-year legal fight to release them from prison. The festive occasion, honoured by the attendance of
HRH The Princess Royal who read the fifth lesson, was dedicated to seafarers around the world.
6. DNV Decades Ahead
DNV GL has published its Maritime Forecast to 2050 which analyzes the impact of the changing global energy system on the shipping industry through to 2050. The report explores how the expected shifts in energy production and demand, GDP growth, industrial
production and regional manufacturing might change the maritime industry, and the impact on individual ship segments. "Big and rapid changes are happening in the way the world uses and produces energy," says Remi Eriksen, Group President and CEO of DNV GL.

7. New Builds Slow Down
The newbuilding ordering part of the shipping market has slowed down over the past few days, as the Holiday season nears. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the holiday mood now taking hold of the market day by day,
things have considerably loosened up this past week in terms of new orders. After a couple of weeks where activity was bolstered with a plethora of new orders being placed, the orderbook seems to be now set, more or less, in stone for the year, with many investors
already thinking ahead for their future investment planning and looking to their options for 2018.
8. Ships Kept Waiting
More than 300 large dry cargo ships are having to wait outside Chinese and Australian ports in a maritime traffic jam that spotlights bottlenecks in ChinaÂ’s huge and global commodity supply chain as demand peaks this winter. With some vessels waiting to load
coal and iron ore outside Australian ports for over a month, key charter rates have jumped to their highest in more than three years. Placed end-to-end, the total delayed fleet would stretch more than 40 miles, enough to span the English Channel from Dover
to Calais and back.
9. Reduce Risk of Detention
Shipowners can reduce the risk of vessel detentions after a major national hydrographic office and chart producer revised a key part of ECDIS.  The United Kingdom Hydrographic Office (UKHO) has published a revised edition of the Admiralty electronic navigational
chart (ENC) and ECDIS maintenance record (known as NP133C). UKHO said this publication is designed to help mariners demonstrate compliance with IMO regulations during port state control inspections.  It comes with “easy-to-use checklists and templates to record
ECDIS annual performance checks and software maintenance”.
10. Wily Greeks Lead Cycle
Wily Greek owners have made the most of the changing cycle this year, accounting for almost one in four secondhand ship purchases, according to data from Allied Shipbroking. Allied has Greek owners down as spending more than anyone else on used ships in
2017 – with $4.47bn invested in the year to date, accounting for 23% of all secondhand purchases with less than two weeks of the year to go. A total of 280 vessels were bought by Greek shipping companies and nationals, with bulkers to the fore, accounting
for 170 of the total. Greeks have also snapped up 79 tankers, 35 boxships and three LNG carriers.

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


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