Seacurus Daily: Top Ten Maritime News Stories 12/01/2018

Seacurus Daily: Top Ten Maritime News Stories 12/01/2018

1. Italian Player Goes Under
Naples-based shipping company RBD Armatori was formally declared bankrupt by the Court of Torre Annunziata on Thursday. A few weeks ago the company controlled by the Rizzo, Bottiglieri and De Carlini families saw the opportunity to present its third rescue
plan dismissed by shareholders and its main creditor, Pillarstone Italy. Given that situation and the disagreements still existing between the counterparts controlling RBD Armatori, the three managers appointed last summer communicated to the judges of the
local court in Torre Annunziata that there arenÂ’t the requisite conditions to proceed with a restructuring plan.
2. Firefighting Resumes
Firefighting teams have resumed operations to put out the fire onboard NITC tanker  Sanchi following a retreat on Wednesday due to an explosion on the tanker. According to ChinaÂ’s Ministry of Transport, currently there are two vessels spraying firefighting
foam on the vessel and another vessel has been transporting the foam from ShanghaiÂ’s Yangshan Port. The ministry said the ship remains at risk of exploding and sinking while winds remain strong, making firefighting operations difficult.

3. Dangers of Asian Waters
The anchorages at Chittagong, Manila and Pulau Bintan led the world last year for armed robberies, according to the ICC IMB’s 2017 annual piracy report. Each of these port regions reported nine incidents last year, much more than other hot spots on the
list like Lagos and Cartagena.  Mariners near Chittagong and nearby Kutubdia Island reported nine attacks last year, less than in years past thanks to efforts by Bangladeshi authorities, but still a category-leading number. In general, these robbers were armed
and were attempting to make off with ship’s stores.
4. Boom in US Boxes
The National Retail Federation says that 2017 was the biggest year ever for containerized imports at America’s biggest retail ports. The total for the year is expected to top 20 million TEU, up by seven percent from last year’s record 18.8 million TEU.
The NRF’s Global Port Tracker report looks at import volumes at the nation’s busiest container ports, including LA, Long Beach, Oakland, Seattle, Tacoma, New York / New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades, Miami and Houston. It
is compiled monthly by consultancy Hackett Associates.
5. Baltic Goes Gas
In line with its new ownerÂ’s keenness to be at the front of the LNG markets the Baltic Exchange has formed the Baltic LNG Panellists Group. The move comes as the Baltic Exchange looks to develop a new LNG index comprising several routes for the evolving
LNG shipping market, something in line with its parent, the Singapore ExchangeÂ’s increasingly prominent role in gas pricing. Affinity, Braemar ACM, Clarksons and SSY are the LNG Panellists GroupÂ’s first members and they are currently assessing a range of LNG
routes before reporting moves to a trial phase.
6. UK Environment Plan
The U.K. government has published its 25 Year Environment Plan setting out how it will improve the environment over a generation by creating richer habitats for wildlife, improving air and water quality and curbing the amount of plastic in the worldÂ’s
oceans. The Plan confirms that Government will make greater use of “natural capital” in its approach to environmental policy – which officials define as “elements of nature that directly or indirectly produce value to people, including ecosystems, species,
freshwater, land, minerals, the air and oceans, as well as natural processes and functions.”
7. Deadline to Find Plane
Malaysia signed a deal on Wednesday to pay a U.S. seabed exploration firm up to $70 million if it finds the missing Malaysia Airlines aircraft MH370 within 90 days of embarking on a new search in the Southern Indian ocean. The disappearance of the aircraft
en route from Kuala Lumpur to Beijing in March 2014 with 239 people aboard ranks among the worldÂ’s greatest aviation mysteries. Australia, China and Malaysia ended a fruitless A$200-million ($157 million) search of a 120,000 sq. km area in January last year,
despite investigators urging the search be extended to a 25,000-square-km area further to the north.
8. Number One Builder
ChinaÂ’s shipbuilding industry ranked first in the world in 2017, according to a report recently released by the worldÂ’s largest shipbroking and integrated shipping services provider. Data released by the British shipbuilding analysis agency Clarkson Research
Services shows that in 2017, China took the first place in three indexes measuring the development and capacity of a countryÂ’s shipbuilding industry: the completion of ships, new orders, and volume of holding orders.
9. Ready for Change?
Is the shipmanagement industry ready for the new wave of blockchain and cryptocurrency technology that is taking the world by storm? That is the question being posed by the international ship managersÂ’ body InterManager, which will focus on this issue
at its interactive Ship Management Forum next month.
The conference, taking place in London on February 5th, will open with its first session Money Matters with a key presentation on Cryptocurrencies and Blockchain for Shipping.

10. Move to Singapore
Wilhelmsen Ship Management (WSM) is relocated its global headquarters from the Malaysian capital of Kuala Lumpur to neighbouring Singapore. The relocation will take place in the first quarter of 2018 and is part of a plan by WSM to be closer to its customers
and the future market. “Relocating our global headquarters to Singapore enables us to position ourselves in the centre of an eco-system that shares our ambition for growth and digitization,” said Carl Schou, president of WSM.

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


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