Seacurus Daily: Top Ten Maritime News Stories 19/01/2018

Seacurus Daily: Top Ten Maritime News Stories 19/01/2018

1. Tanker Catches Light

A product tanker, "Genessa" has caught fire at an anchorage off Port Kandla, Gujarat. All crew members were evacuated, but two were seriously injured in the fire, and one died after arriving at the hospital, according to a defence spokesperson. Three Coast
Guard vessels and nine tugs from operators KPT, Reliance, Essar, Adani and ICG Dornier responded to the scene to combat the blaze. In social media updates little smoke was visible. However, on Thursday afternoon, images released by Defence Gujarat showed dense
clouds emanating from the Genessa once more, along with an extensive, multi-vessel firefighting effort
2. Pirates Release Crew
UK-based Union Maritime has confirmed that its 2005-built oil products tanker Barrett, which went missing last Tuesday off Benin, has been released by pirates. All 22 crew members from the vessel are safely back in Lagos, Nigeria where they were met by senior
representatives of Union Maritime and the technical managers of the vessel. The exact nature of the incident and how it was resolved were not revealed, only that the pirates made contact with the company on Friday three days after its disappearance and that
the vessel was subsequently released.

3. Laid Up Ships Drops
The number of containerships in lay-up has dipped below 100, according to Alphaliner. Its latest survey reveals strong demand and tightening availability of tonnage which is putting the brakes on vessel scrapping. As at 8 January, there were 99 vessels, equating
to 377,784 teu, anchored in hot or cold lay-up. This compares with 351 ships for 950,000 teu a year ago. At 1.8% of the global cellular fleet, idled container tonnage is at its lowest level since mid-2015.
4. Bibby Offshore Recapitalises
Bibby Offshore Holdings has completed the recapitalisation of its balance sheet in a move that now sees noteholders own the company. Noteholders of Bibby OffshoreÂ’s ÂŁ175 million 7.5% senior secured notes approved the restructuring which saw them inject ÂŁ50m
($69.5m) into the company via a rights offering.

Bibby Offshore says it now has a substantially debt-free balance sheet which will enable it to reach its full potential. Howard Woodcock, chief executive of Bibby Offshore, commented: “The completion of the recapitalisation will be transformational for Bibby
Offshore and is a major milestone for our business".
5. Swooping for Tonnage
Taiwanese owner Evergreen Marine has entered into contracts with JapanÂ’s Shoei Kisen Kaisha for a total of twelve 11,000 teu containerships, following the companyÂ’s announcement of a major fleet expansion plan last week. Evergreen announced plans to bring in
a total of twenty 11,000 teu containerships, made up of eight newbuildings and another 12 vessels on charter. The company estimated that the price for each vessel is between $93m and $100m. Shoei Kisen will order the 12 vessels at affiliate shipyard Imabari
Shipbuilding and charter the vessels to Evergreen upon delivery.

6. Invasive Species Rules
Gard has reminded shipowners Thursday that they should take care to comply with the requirements of California’s Marine Invasive Species Program (MISP). These regulations extend beyond IMO and U.S. Coast Guard requirements for ballast water to address the risks
posed by hull biofouling, which can also carry invasives.  Beginning January 1, after each newbuild’s delivery or after each existing vessel’s next regularly scheduled dry docking, the operator must implement a vessel-specific Biofouling Management Plan and
Biofouling Record Book consistent with the best practices found in the IMO Biofouling Guidelines.
7. Top Man Steps Down
Emas Offshore, part of SingaporeÂ’s Ezra Holdings, has announced the resignation of CEO and executive director Captain Adarash Kumar. Kumar has served in the role of CEO since September 2015 and his last day will be April 6. Emas Offshore said Kumar will continue
his duties until a new appointment is made. The company has been undergoing a financial restructuring under the protection of the Singapore courts. It has until April to complete the restructuring, which will see Singaporean companies BT Investment and Point
Hope each invest $25m.

8. Boosting Channel Security
The U.K. Government has announced it will commit an extra $62 million on extra CCTV, fencing and infra-red technology on Channel border security in Calais. Speaking with French President Emmanuel Macron, British Prime Minister Theresa May said: “The U.K. and
France share a belief in a comprehensive approach to mass migration. And as our efforts in the Sahel and across Africa demonstrate, we will work together to address the instability which fuels it. President Macron and I have both confirmed that the U.K. and
France remain committed to the principles of the longstanding Le Touquet agreement.”
9. Digital Launch Ceremony

The pomp and ceremony of a ship naming can set owners back six-digit figures. Business class flights to Asia, posh hotels, banquets and of a course a smashed bottle of bubbly, none of which is cheap. Stena Bulk has found a cunning way to cut these costs while
also showing off its modern edge. Earlier this week the Scandinavian owner held a digital naming ceremony for its latest IMOIIMAX tanker, the Stena Immortal. Some 200 guests gathered at StenaÂ’s new Copenhagen office to attend the naming ceremony and watch
godmother Jane Olsson Thorburn digitally swing the bottle of champagne against the tankerÂ’s bows.


10. Drones Saves Swimmers
Lifeguards in Australia are being credited with saving two swimmersÂ’ lives using a relatively new life-saving drone in what is believed to be a first-of-its-kind rescue. The rescue in question took place on January 18, 2018, after lifeguards in New South Wales
spotted two swimmers caught out in a rip current. According to officials, within just 70 seconds the UAV was hovering over the boys and launched an inflatable for them to grab onto – essentially saving their lives. The rescue is believed to be the first time
a drone has been used to rescue swimmers at sea.


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


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