Seacurus Daily: Top Ten Maritime News Stories 31/01/2018

Seacurus Daily: Top Ten Maritime News Stories 31/01/2018

1. Plea to Keep Searching
South Korean families of the missing crew members of the ill-fated bulker Stellar Daisy, which sank off Uruguay in March 2017, are calling on the authorities to continue the search and rescue operation for the missing seafarers. The South Korean ship was
carrying 24 crew members, eight South Korean and sixteen Filipino sailors, when it sank in the South Atlantic, some 3,700 kilometers off Uruguay. Two Filipino sailors were rescued on April 1, while the remaining 22 crew members remain missing and are presumed

2. Building Gender Diversity
International Seafarers’ Welfare and Assistance Network (ISWAN) and Anglo-Eastern Ship Management in cooperation with WISTA International have published a new booklet on building and maintaining gender diversity on board merchant ships.  The booklet addresses
social, cultural and interpersonal issues that can obstruct productivity of a shipboard team. It aims to sensitize junior and senior officers to the challenges female seafarers may face including sexual harassment, bullying and negative attitudes from male
colleagues. Women form 39.3 percent of the workforce globally, but only two percent of seafarers.
3. Logistics Going Under
Rand Logistics, which moves commodities across the Great Lakes, has sought chapter 11 bankruptcy protection. Debtors will continue to operate their businesses as debtors in possession under the jurisdiction of the court. The filing involves RandÂ’s American
businesses. None of its Canadian businesses have filed for bankruptcy protection. Key holder of RandÂ’s debt Lightship Capital, an affiliate of American Industrial Partners, is set to take over the company in the event the court agrees to RandÂ’s restructuring
plan. The next court hearing regarding RandÂ’s future is likely to be held towards the end of February.
4. Drama of Sea Rescue
On January 18, the crew of the LNG tanker "Stena Crystal Sky" rescued two American sailors from a damaged yacht in the Eastern Pacific.  The sailors had planned a voyage from Cabo San Lucas to the Marquesas to the Cook Islands aboard their yacht but encountered
severe weather and suffered damage to their rudder and autopilot. They sent a distress text message to the Garmin inReach emergency call center, and the center contacted the U.S. Coast Guard. The Coast Guard then used the AMVER vessel reporting system to identify
the nearest participating merchant vessel, the Crystal Sky, which was about 240 nm away.
5. Innovations for Box Trade
French liner giant CMA CGM has formed Ze Box, its first international startup incubator, based in Marseilles. Located in Le Castel building, it will cover a surface of 800 sq m and will house, starting June 2018, a dozen startups coming from all around
the world to develop their potential. A call for applications will be launched shortly. “The creation of Ze Box is part of CMA CGM’s strategy to make digitalization one of the pillars of its development,” the company said in a release. Ze Box is launched as
part of a partnership with the Aix-Marseilles University and the Aix-Marseille Provence MĂ©tropole.
6. Investing in Battery Power
Rolls-Royce Commercial Marine has received an order to deliver battery-powered energy systems for six platform supply vessels owned by a joint venture involving U.S.-based SEACORE Marine and China Cosco Shipping Group.  SEACOR Marine Holding announced
earlier this month that they have entered a Joint Venture with China Cosco Shipping Group, called SEACOSCO, with the intention of owning over eight offshore vessels currently laid up by the Cosco Guangdong shipyard in China, where the vessels were built. The
ships were originally ordered in 2013 and 2014.  The order with Rolls-Royce covers six of the vessels.
7. Fishermen Become Pirates
Their industry all but destroyed, former fishermen now run guns one way, diapers another. On the sea with the desperate and ruthless. Venezuela and the island of Trinidad are separated by 10 miles of water and bound together by the most lawless market
on Earth. Playing out at sea and on the coasts, it is a roiling arbitrage of food, diapers, weapons, drugs, and women, between the desperate and the profit-minded. Government is absent, bandits are everywhere, and participating can cost you your life. But
not participating can also mean death, as Venezuela is in a state of collapse, and the people are starving.

8. Unclear on Bunker Scrubbers
In less than 24 months IMO regulations will require vessels to burn 0.5pc sulphur maximum bunkers outside of Emission Control Areas (ECAs) to meet emissions limits, down from the current 3.5pc sulphur maximum bunker limit. Scrubbers enable shipowners to
comply with the new statutes on burning high-sulphur residual fuel oil, rather than turn to higher-cost alternative fuels such as 0.5pc bunkers or liquefied natural gas. But scrubber installations lack appeal among containership, dry bulk and tanker vessel
owners which account for 78pc of the global residual fuel oil bunker demand.
9. Recycling Old Ships
German liner shipping company Hapag-Lloyd is sending seven older container ships to be recycled in Turkey and China. The respective shipyards are especially equipped and certified to recycle ships in an environmentally friendly manner, according to a press
release from the company. The liner shipping company Hapag-Lloyd is currently having seven older container ships, each with a capacity of 4,101 TEU, recycled in Turkey and China. The respective shipyards are especially equipped and certified to recycle ships
in an environmentally friendly manner.

10. Panama’s Strong Showing
The Panama Maritime Authority has released the 2017 statistics of cargo volume handled by ports showing an increase of 10.1% to 6.89m teu, up from 6,27m teu in 2016. Every terminal registered growth – two of them with double digit- with only PSA-Panama with
cargo volume decreasing by 48.4% because of its ongoing expansion to increase capacity to 2m teu. PSA-Panama will begin operation of its expanded terminal in March.  Commenting on the results, Jorge Barakat, Minister of Maritime Affairs said that “the Panamanian
port system is seen with greater sustainable development in the coming years.”

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


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