1. Philippine Ferry Tragedy
The Philippine ferry sank off the country’s eastern coast on Thursday after being caught in a heavy storm and choppy waters, coast guards said. Officials said that at least four passengers had died in the accident, while between 40 and 88 remained unaccounted
for, according to varying media reports. The remaining passengers had been rescued. "We also heard reports that there were casualties but we have not yet been able to validate this," said Armand Balilo, a spokesman for the Philippine coast guard. "Our concern
now is to ensure that all rescued are in good condition."
The Ocean Alliance is facing a profound network shake-up as its members prepare to welcome a large tranche of ultra-large containership (ULCV) capacity next year. While its rivals the 2M and THE alliances have relatively modest and well-established orderbooks
for the largest class of box ships, the Ocean is set to see the make-up of its respective fleets undergo radical change, according to liner consultancy SeaIntel. It said: 2M and THE Alliance essentially have a very stable development. This means that the
phase-in of new deliveries will primarily be used to augment existing services, and reducing unit costs.
3. Looking to Year Ahead
market fundamentals are more brittle than an icicle this Christmas. Restraint, not something in the DNA of most owners, will be required to make any recovery a meaningful one. Bargains were on offer throughout 2017 for the brave and the year is likely to go
down as a record one for S&P deals with the Greeks accounting for close to a quarter of all secondhand acquisitions. https://goo.gl/fN6dS3
demonstrated the ease with which hackers can access and over-ride ship critical systems. With the permission and under the supervision of system manufacturers and owners, Naval Domes cyber engineering team hacked into live, in-operation systems used to control
a ships navigation, radar, engines, pumps and machinery.
subsidiary of Euronav. The merger will create the leading independent large crude tanker operator including: 75 crude tankers, including 44 VLCCs and 28 Suezmax crude tankers, representing over 18 million DWT in the aggregate.
The development of unmanned and autonomous vessels will have a huge impact on the marine insurance sector, similar to driverless cars and motor insurance. A report by marine insurer The Shipowners Club examined how the insurance sector is responding to the
development of unmanned and autonomous ships, such as how the liability regime is keeping pace with technology. The reports differentiated between unmanned vessels (UVs) and autonomous vessels (ASVs), with the former having no crew on board but being remotely
controlled from the shore, while the latter are pre-programmed and operate on algorithms.
subsidiary company. Ferry SUNFLOWER operates on a 222-nautical mile route between Kobe and Oita via the Akashi Kaikyo, Bisan Seto and Kurushima Straits. Rolls-Royce Intelligent awareness systems will make vessels safer, easier and more efficient to operate
by providing crew with an enhanced understanding of their vessels surroundings.
the Port of Singapore sees as much as a 15 per cent increase in the number of passengers during the months of November to January. This period coincides with the Northeast monsoon season, which may create unfavourable conditions at sea. Passengers should continue
to be mindful of basic safety practices while enjoying the festive mood.
USD 434 million, inclusive of assumed debt. The transaction was agreed in connection with the closing of Euronavs acquisition of Gener8 Maritime. The ships in question include five 2016-built VLCCs and one 2015-built VLCC, each constructed at Shanghai Waigaoqiao
Shipbuilding. The units are expected to be delivered to the company in the second quarter of 2018.
The jumbo-isation of containerships is back in fashion, with MSC and CMA CGM reportedly planning to upgrade 21 14,000 teu vessels to ultra-large container vessels (ULCVs) of 17,000 teu nominal capacity. According to Alphaliner, the conversions will take place
at Chinese shipyard Qingdao Beihai Shipbuilding Heavy Industry (BSIC), which has already won firm orders to upgrade nine MSC ships, with another two subject to negotiation. BSIC has also reportedly signed with CMA CGM to lengthen five of the French carriers
13,800 teu vessels, with another five subject to options.
Daily news feed from Seacurus Ltd providers of MLC crew insurance solutions
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