Seacurus Daily: Top Ten Maritime News Stories 25/01/2018

Seacurus Daily: Top Ten Maritime News Stories 25/01/2018

1. Threats Mean New Guidance
In response to the threats arising from the conflict in Yemen, BIMCO, ICS and INTERTANKO have published interim guidance on maritime security in the southern Red Sea and Bab al-Mandeb. Shipowners and operators should be aware of new threat patterns in
the area. Navies have advised that a range of threats other than piracy, such as sea mines and water-borne improvised explosive devices (WBIEDs), are potential risks in the area.
2. Embracing Ro-Ro
Mediterranean Shipping Company (MSC) is entering the deepsea roro space, with a new dedicated service from Europe to West Africa. Best known for its box and cruise business, MSC will kick off its new roro business on February
19 with a debut sailing out of Le Havre. 
The two ships used on the new service – MSC Immacolata and MSC Cristiana – have just come out of charters with Grimaldi.
3. No Room for Conservatism
Shipping can no longer afford to be conservative, head of one of the most progressive Scandinavian shipowners has argued. Thomas Wilhelmsen, group CEO of the eponymous family run shipping group, claimed at a conference hosted
by Norwegian bank DNB that those in maritime who remain conservative will simply go out of business. "O
ur options and possibilities to create value for our customers are different today than just one year ago,” Wilhemsen
4. Collision Black Boxes Found
The black boxes for the tanker Sanchi and the freighter CF Crystal, the two vessels that collided in the worst oil ship disaster in decades, have been opened, the Iranian StudentsÂ’ News Agency (ISNA) reported. Officials from
China, Iran, and Panama were present when the black boxes were opened, Hadi Haqshenas, maritime affairs deputy at IranÂ’s Ports and Maritime Organization, was quoted as saying by ISNA. The report did not say where that happened.
5. Shipbuilding Numbers Slashed
Illustrative of both the dramatic restructuring in the sector as well as the increased use of robots, statistics from South Korea show that the number of shipbuilding employees will have halved from its 2015 figure of 200,000 by the end of this year. According
to the Korea Offshore and Shipbuilding Association, the number of shipbuilding workers was more than 200,000 in 2015, was 130,000 last year and will be less than 100,000 this year.
6. Cars Drive Steel Boom
A rise in new motor vehicle orders in Germany in the last months of 2017 could bolster flat steel prices across Europe in the short term, lending support to the price of scrap and other raw materials. The unadjusted new orders
index for the motor vehicle manufacturing industry rose in November, on the month October and year, as a result of rising orders from outside of the EU, according to German federal data. The index has now risen for 5 consecutive months.
7. Coal Import Police Probe
IndiaÂ’s federal investigator will probe top state-run utility NTPC and state-owned company MMTC, over whether they were involved in a scheme to import inferior quality coal from Indonesia and pass it off as superior grade. The
Central Bureau of Investigation (CBI) has registered a case against unnamed officials of NTPC and MMTC, as well as the owner of a private firm Coastal Energy Pvt. Ltd for entering “into a criminal conspiracy".
8. Tariff Trade Threat
President Trumps decision to impose tariffs could hit 200,000 teu of transpacific container volumes. Impacted countries may seek redress through appeals to the World Trade Organization (WTO); South Korea has already made noises
about an appeal. The legislative authority comes from the 1970’s era “Section 201” of the Trade Act of 1974; last utilised in 2001 by President George W. Bush to slap down imports of steel into the United States.
9. Tanker Giant Consolidates
Saudi ArabiaÂ’s Bahri has consolidated its position as the worldÂ’s largest owner and operator of VLCCs with delivery of its 42nd VLCC. The 300,000 dwt "Kassab", built at Hyundai Samho Heavy Industries ,was named at the South
Korean yard in Mokpo. 
Abdullah Aldubaikhi, ceo of Bahri, said: “With the latest addition, we have once again asserted our position as the first and only transportation and logistics company in the world to have a 42-strong
VLCC fleet.
10. Life for Shipping Exec
VietnamÂ’s Hanoi City Court has sentenced a former oil executive to life in prison for embezzlement and violating state rules. Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Joint Stock Corporation (PVC), was given a life sentence by
the Hanoi City court on Monday, as part of a widespread corruption crackdown, state media reported. Twenty other officials at PVN and PVC were given nine to 22 year sentences.

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


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