Seacurus Daily: Top Ten Maritime News Stories 23/01/2018
1. Ban on Fuel Carriage
A group of leading environmental organizations has joined together with the key representatives from the global shipping industry in calling for an explicit prohibition on the carriage of non-compliant marine once when the IMOs global 0.5% sulphur cap takes
effect in 2020. The IMO has agreed that from 1 January 2020, the maximum permitted sulphur content of marine fuel (outside Emission Control Areas) will reduce from 3.5% to 0.5%. But unless a ship is using an approved equivalent compliance method, such as gas
exhaust scrubbers, there should be no reason for it to be carrying non-compliant bunker fuels on board.
https://goo.gl/Uxfs5B
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2. Great Dane Vision
The Danish government has outlined an ambitious plan to become a global maritime hub by 2025. The plan counts initiatives aimed at making Denmark a global frontrunner within tests of maritime autonomous technologies and maritime digitalisation, creating
more work-experience places at sea and increasing the number of applicants admitted to the training programmes for masters and ship officers. The plan features a total of 36 initiatives and follows years of lobbying and dialogue with the local shipping industry.
more work-experience places at sea and increasing the number of applicants admitted to the training programmes for masters and ship officers. The plan features a total of 36 initiatives and follows years of lobbying and dialogue with the local shipping industry.
https://goo.gl/Tcm1nW
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3. Italian Owners in Shake Up
Following the exodus from Confitarma, the Italian shipowners association, of some key players such as Ignazio Messina & C., Grandi Navi Veloci and Italia Marittima a new association representing the local shipping cluster has been established called AssArmatori.
Among the members of the new group there are all the companies involved in the short sea shipping (Snav, Delcomar, Caronte & Tourist, Maddalena Lines, Toremar and Caremar) but also Finaval, Moby and Tirrenia and also MSC, both with the cargo and cruises business
units.
Among the members of the new group there are all the companies involved in the short sea shipping (Snav, Delcomar, Caronte & Tourist, Maddalena Lines, Toremar and Caremar) but also Finaval, Moby and Tirrenia and also MSC, both with the cargo and cruises business
units.
https://goo.gl/LfZYqY
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4. Big Tanker Deal Beckons
Chinese chemical tanker owner Dingheng Shipping has laid out a plan to develop a fleet of 100 chemical tankers to grab potential business opportunities from Malaysia. Li Duozhu, president of Dingheng Shipping, said at the companys annual meeting that the company
is now in talks with a consortium led by Tunku Ismail, the crown prince of Johor in Malaysia, to involve Dingheng Shipping in the petrochemical development plans of Malaysia, and the company plans to build a fleet of 100 vessels to cater to the new opportunity.
The two parties have entered into negotiations on forming, arranging financing and organising cargo.
Chinese chemical tanker owner Dingheng Shipping has laid out a plan to develop a fleet of 100 chemical tankers to grab potential business opportunities from Malaysia. Li Duozhu, president of Dingheng Shipping, said at the companys annual meeting that the company
is now in talks with a consortium led by Tunku Ismail, the crown prince of Johor in Malaysia, to involve Dingheng Shipping in the petrochemical development plans of Malaysia, and the company plans to build a fleet of 100 vessels to cater to the new opportunity.
The two parties have entered into negotiations on forming, arranging financing and organising cargo.
https://goo.gl/6kBsYV
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5. Baltic on the Rise
The Baltic Exchanges main sea freight index rose for the first time in nearly two weeks on Monday as rates of panamax segment firmed up, but gains were capped by a slide in capesize rates. The overall index, which tracks rates for ships carrying dry bulk
commodities, rose 4 points, or 0.36 percent, to 1,129 points, after falling for the previous eight consecutive sessions. Baltic index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, on Friday fell to 1,125 points, its
lowest level in over five months.
commodities, rose 4 points, or 0.36 percent, to 1,129 points, after falling for the previous eight consecutive sessions. Baltic index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, on Friday fell to 1,125 points, its
lowest level in over five months.
https://goo.gl/JZFPUu
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6. Open Registry Closed
Tanzania has temporarily closed its maritime registry to foreign vessels while it reviews the status of all ships flying its flag. President John Magufuli announced the suspension on Friday in response to a string of arrests involving Tanzanian-flagged vessels
for drug smuggling and gun-running. We cannot allow the name of our country to be tarnished by individuals pursuing their selfish interests, Magufuli said. Tanzanian Vice-President Samia Suluhu Hassan also announced that the government is suspending the
registration of two vessels arrested for illicit activity.
Tanzania has temporarily closed its maritime registry to foreign vessels while it reviews the status of all ships flying its flag. President John Magufuli announced the suspension on Friday in response to a string of arrests involving Tanzanian-flagged vessels
for drug smuggling and gun-running. We cannot allow the name of our country to be tarnished by individuals pursuing their selfish interests, Magufuli said. Tanzanian Vice-President Samia Suluhu Hassan also announced that the government is suspending the
registration of two vessels arrested for illicit activity.
https://goo.gl/9Ho4mJ
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7. New Flag at IMO
The Republic of Armenia has become the latest Member of the IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on January 19. With the acceptance
of the Convention by Armenia, the number of IMO Member States stands at 173, with a further three Associate Members.
The Republic of Armenia has become the latest Member of the IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on January 19. With the acceptance
of the Convention by Armenia, the number of IMO Member States stands at 173, with a further three Associate Members.
https://goo.gl/en8hj9
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8. Pilot Boat Collision
A Dutch pilot boat was severely damaged after colliding with a bulk carrier off the coast of Netherlands on Sunday morning. According to Dutch media reports, the pilot boat Pollux was involved in a collision with the Panamanian-flagged Nord Taurus at approximately
4:15 a.m. Sunday at the Steenbank pilot station, located approximately 12 miles nautical miles from Westkapelle near the mouth of the River Scheldt. The 81-meter pilot boat suffered considerable damage in the incident, including a large dent on its port side
and damage to its wheelhouse. Two pilots aboard the Pollux suffered minor injuries in the incident.
A Dutch pilot boat was severely damaged after colliding with a bulk carrier off the coast of Netherlands on Sunday morning. According to Dutch media reports, the pilot boat Pollux was involved in a collision with the Panamanian-flagged Nord Taurus at approximately
4:15 a.m. Sunday at the Steenbank pilot station, located approximately 12 miles nautical miles from Westkapelle near the mouth of the River Scheldt. The 81-meter pilot boat suffered considerable damage in the incident, including a large dent on its port side
and damage to its wheelhouse. Two pilots aboard the Pollux suffered minor injuries in the incident.
https://goo.gl/3JuZpS
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9. Letting Women Down
According to a study conducted by HR Consulting, the global shipping sector seems to have failed to recognise the benefit women bring to executive positions. A poll of 40 companies within the sector revealed less than 1% had female representatives in executive
positions. Compensation and benefits consultant Sarah Hutley said African and UK-based companies fared the worse in these statistics, while the US led the way. Speaking at a recent WISTA event, entitled The Gender Pay Gap, Ms Hutley noted: In the US, some
20% of directors are female, while women also make up around 14% of US-based executive boards.
According to a study conducted by HR Consulting, the global shipping sector seems to have failed to recognise the benefit women bring to executive positions. A poll of 40 companies within the sector revealed less than 1% had female representatives in executive
positions. Compensation and benefits consultant Sarah Hutley said African and UK-based companies fared the worse in these statistics, while the US led the way. Speaking at a recent WISTA event, entitled The Gender Pay Gap, Ms Hutley noted: In the US, some
20% of directors are female, while women also make up around 14% of US-based executive boards.
https://goo.gl/vkHAiJ
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10. Sanchi May Be Salvaged
China has begun an investigation into the Sanchi oil tanker collision and authorities are looking into the feasibility of salvaging the wrecked ship in a bid to minimise contamination from the spill. But a maritime official on Friday warned that retrieving
the wreckage from a depth of 115 metres at the bottom of the East China Sea where the Iranian tanker exploded and sank could cause another explosion. The best solution is to organise salvaging of the sunken ship, Zhi Guanglu, deputy director of the China
Maritime Search and Rescue Centre, told reporters.
China has begun an investigation into the Sanchi oil tanker collision and authorities are looking into the feasibility of salvaging the wrecked ship in a bid to minimise contamination from the spill. But a maritime official on Friday warned that retrieving
the wreckage from a depth of 115 metres at the bottom of the East China Sea where the Iranian tanker exploded and sank could cause another explosion. The best solution is to organise salvaging of the sunken ship, Zhi Guanglu, deputy director of the China
Maritime Search and Rescue Centre, told reporters.
https://goo.gl/uyauX3
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Daily news feed from Seacurus Ltd providers of MLC crew insurance solutions
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