Seacurus Daily: Top Ten Maritime News Stories 21/02/2018

Seacurus Daily: Top Ten Maritime News Stories 21/02/2018

1. Shape of Power to Come
The newly-released 2018 edition of BP’s Energy Outlook predicts that oil, gas, coal and non-fossil fuels will each contribute around a quarter of the energy mix by 2040. Its evolving transition scenario, which assumes that
government policies, technologies and societal preferences evolve in a manner and speed similar to the recent past. Renewables will see the biggest leap, and this will be driven by demand across developing nations.
2. Maersk Wants to be FedEx
While acknowledging there is still more consolidation to come in liner shipping, Maersk Line, the world’s largest boxline, has made it public it is on the hunt for targets outside of shipping as it looks to position itself alongside the likes of parcel
giants UPS and FedEx in the next three to five years. Speaking with Bloomberg yesterday, Maersk Line’s CFO and head of transformation and strategy, Jakob Stausholm, said the company was on the hunt for land-based acquisitions
to meet requirements from its clients.

3. Too Many Ports, Too Little Cargo
India has too many boxports for too little cargo, according to the nation’s largest operator of terminals. Speaking with the local Economic Times, Sultan Ahmed bin Sulayem, group chairman of UAE-based DP World, said the focus needed to change to look at
the entire supply chain in India. “There are more ports in India right now than cargo, which is not good,” Sultan Ahmed bin Sulayem said. “You should have more production facilities, more logistic and infrastructure facilities
rather than (just) ports.”
4. Rapid and Huge Growth
The fastest growing new containership owner in the world continues to impress with its scale and speed of acquisitions. MPC Container Ships, part of MPC Capital, has just announced it has bought another 14 ships taking its fleet to 58 vessels in around
just one year. The $139.5m outlay sees MPC take on four 1,300 teu ships, four 1,500 teu ones, two 1,800 ones, a pair of larger 2,500 teu vessels and a couple of 2,800 teu ships. MPC Container
Ships said the deal will be completed this quarter without revealing from where the ships are coming and that it would be able to buy all the ships with its own cash.
5. Search Called Off
The US Coast Guard (USCG) has announced the suspension of search activities for a crewman reported missing from a bulk carrier near Seattle. A total of 25 searches had been conducted for the chief mate of 2011-built panamax
vessel Golden Jake, who was noticed to be missing while the ship was at anchor north of Blake Island State Park in Puget Sound. 
Authorities deployed USCG cutter "Wahoo" and resources from Air Station Port Angeles during
the searches.
6. Reefer Cargoes on Rise
Fresh produce accounts for four percent of the world seaborne trade of dry cargoes, and Japan consumes one in three bananas, says industry analyst Dynamar in its recent report Reefer Analysis: Market Structure, Conventional, Containers. Worldwide
international trade of refrigerated perishables dipped in 2015 when volumes reduced by two percent to an estimated 144.4 million tons. The market improved in 2016 with a growth of nearly 3.5 percent, and this is expected to improve further by 4.0 percent in
2017 as trade in both conventional reefer ships and refrigerated boxes is estimated to have reached 110 million tons.
7. Holing Lock Gates
On Monday night, the 1,000 TEU container feeder "Akacia" struck a lock at the Baltic Sea entrance to the Kiel Canal, rupturing the gate with her bulbous bow. The repair costs are likely in the millions, and traffic is restricted to one lock at Kiel-Holtenau
until repairs are completed. Eyewitness reports indicated that the Akacia accelerated as she approached the lock, reaching a speed in excess of 10 knots. The master dropped both anchors in an attempt to slow her, but she could
not be stopped before striking the gate. An initial investigation suggests that she may have experienced problems with her controllable-pitch propeller.
8. Data on Shipbreaking
According to new data from the NGO Shipbreaking Platform, 835 large ocean-going commercial vessels were sold to the scrap yards in 2017. 543 were broken down – by hand – on the tidal beaches of Bangladesh, India and Pakistan: amounting to 80,3% of all
tonnage dismantled globally. “The figures of 2017 are a sad testimony of the shipping industry’s unwillingness to act responsibly. The reality is that yards with infrastructure fit for the heavy and hazardous industry that ship
recycling is, and that can ensure safe working conditions and containment of pollutants, are not being used by ship owners”, says the group.

9. Fire Report Released
The Danish Marine Accident Investigation Board has released a summary report on the fire on board the crew transfer vessel "World Calima" citing problems that may arise when using a CO2 system in an emergency because the operation of the system cannot
be trained in practice in periodic fire drills. On November 15, 2017, "World Calima" left Helgoland with a crew of five and 11 technicians who were to disembark at three different windfarm installations. Whilst working a fire
in the engine room was spotted, and those onboard were evacuated to a nearby rescue vessel from the German coastguard in case the fire spread.
10. Big Landmark for E-Certificates
Within four months of its launch, DNV GL’s IMO compliant electronic class and statutory certificates have revolutionized classification, with more than 50,000 certificates being issued so far. Since its launch in mid-October
2017, DNV GL has issued approximately 50,000 certificates, with more than 6,000 vessels of the classed fleet now trading with one or more certificates, it said in a press release. Digitally signed electronic certificates represent nearly 80% of all certificates
issued by DNV GL since the roll-out and 52 flag states accept the certificates, with further acceptances expected over the coming year, DNV GL added.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
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London EC3V 0BT,
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