Seacurus Daily: Top Ten Maritime News Stories 17/01/2018

Seacurus Daily: Top Ten Maritime News Stories 17/01/2018

1. Tanker Environmental Disaster
The oil spill from NITC oil tanker Sanchi has spread significantly across the East China Sea with environmental groups now warning of a marine disaster. The fully laden crude tanker suffered a major explosion and sank on Sunday. According to China’s Ministry
of Transport, the fire has burned out on the water but the oil slick on the surface has expanded rapidly in the past 24 hours. China’s State Oceanic Administration said several oil slicks have already been found, including one nearly 15 km long and another
covering an area of 58 sq km.
2. Family Carries On Regardless
Denying the bulk carrier "Trading Fabrizia" recently sold at auction may be somehow linked to her family, Maddalena D’Amato, daughter of the seasoned shipowner Michele D’Amato, announced a return on the market of the Naples-based shipping company D’Amato di
Navigazione. Maddalena D’Amato pointed out that D’Amato di Navigazione has not being controlling any vessel since 2009 and that the company sold its assets to repay most of its debts. The company until that time, headed by Michele D’Amato, passed through an
in-depth restructuring plan carried out in 2009 which resulted in single purpose companies.
3. Fire on FPSO
Fire broke out on a Petrobras majority-operated FPSO offshore Brazil on Tuesday. Petrobras, Brazil’s troubled state-run oil giant, said the blaze was controlled on the Cidade de Marica FPSO vessel. The FPSO’s personnel tackled the fire, which broke out in the
transformers compartment, with standard firefighting equipment. No crew person was injured and environmental damage was reported.
4. Joined in the Blockchain
Two of the biggest names to proclaim the bright future of blockchain for shipping have formed a joint venture to promote the technology. A.P. Moller – Maersk and IBM said the aim of the new company will be to offer a jointly developed global trade digitisation
platform built on open standards and designed for use by the entire global shipping ecosystem. “It will address the need to provide more transparency and simplicity in the movement of goods across borders and trading zones,” the pair said in a release. For
the past year the two companies have been exploring together how to develop blockchain for shipping.
5. Thomas Miller Swoops
Insurance giant Thomas Miller has moved to take over Navigators Management’s fixed-premium protection and indemnity business in a deal likely to close within the next month. “This is a logical and progressive step for Thomas Miller Specialty, enabling
us to create scale in a competitive market, whilst focusing on the specific and complex servicing needs of clients,” said Guy Pierpoint, CEO of Thomas Miller Specialty. As with most other sectors relating to shipping consolidation is happening within the P&I
sector, with more acquisitions rumoured to be in negotiation to be carried through in 2018.
6. Deepwater Costs Spiral
BP said on Tuesday it would take a new charge of $1.7 billion in relation to claims over the 2010 Deepwater Horizon spill, raising the company’s total costs to around $65 billion, higher than the $61.6 billion the company estimated in 2016. The post-tax,
non-operating charge of $1.7 billion expected to be spread over multiple years comes after claims resolved in recent months were about seven times higher than anticipated. Cash payments related to the spill in 2018 are now anticipated to be around $3 billion,
as compared to the company’s third-quarter estimate of just over $2 billion.
7. Asian Piracy on Rise
ReCAAP ISC has released its annual piracy report for 2017 highlighting a 19 percent increase in the number of incidents over 2016 figures. There were 101 incidents in 2017 of which 12 were failed attempts reported in the region compared to 85 in 2016. Of the
incidents reported in 2017, the majority, 84%) were armed robbery against ships, while 16% were piracy incidents. Two-thirds of the incidents occurred at anchor/berth (68 incidents), while one-third of the incidents occurred on board ships while underway (33
incidents). Ship stores, engine spares and unsecured items were the most commonly stolen items.
8. Norway Dumps Breakers
Norway’s sovereign wealth fund, the largest in the world at a valuation of $1 trillion, has decided to exclude four shipping firms from its portfolio over their shipbreaking practices. All will be excluded from the influential fund for a period of at least
four years.  Based on an assessment of the risk of "severe environmental damage and serious or systematic violations of human rights," Norges Bank has excluded Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL and Thoresen Thai Agencies,
the parent company of Thoresen Shipping. It has also placed Pan Ocean Co. under observation for the same risks.
9. Commanders in the Dock
The commanders of the destroyers USS John S. McCain and USS Fitzgerald will face military criminal charges including negligent homicide for their roles in last year’s deadly collisions, the U.S. Navy announced Tuesday.  Former Fitzgerald commander Cmdr. Bryce
Benson and former McCain commander Cmdr. Jessie L. Sanchez are expected to be charged with hazarding a vessel, dereliction of duty and negligent homicide, according to the Navy. The two men were relieved of their commands shortly after the collisions involving
each vessel last year, and they will now face an Article 32 Uniform Code of Military Justice hearing.

10. Cyber Proof Vessel Delivered
China’s Cosco Shipping Lines has taken delivery of the first ever container ship to receive a descriptive note cyber AL3 secure perform for its energy management system by Lloyd’s Register. The vessel COSCO Shipping Aries, which was handed over to its
owner on January 16, was built by China’s Nantong COSCOS KHI Ship Engineering (NACKS). It is the first 20,000 TEU ultra large container ship (ULCV) built in the Chinese shipyard owned by COSCO Shipping Container Lines.

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


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