Seacurus Daily: Top Ten Maritime News Stories 23/02/2018
1. Fuel Ban Cliffedge
The International Maritime Organization intends to ban ships that do not have equipment to strip sulphur from carrying fuel that has a sulphur content above new limits in 2020, an IMO official said on Thursday. The ban, which
still has to go through two formal approval steps, was presented at IMO compliance meetings earlier this month. It would make enforcing the new limits on sulphur in shipping fuels significantly easier, cutting into the expected rule-breaking.
2. Orderbook Slips in Reverse
The global shipping newbuild vessel orderbook-to-fleet ratio has fallen back to 10%, its lowest level since the end of the 20th century. Cruiseships, LNG carriers and drillships have the highest newbuild vessel order backlogs
relative to existing fleets. There are nearly 95,000 existing vessels today plus another 3,500 on order, amounting to 10% of the global capacity. This ratio has not been seen since 1999-2000 in the aftermath of the Asian
3. Indonesians Blink on Cabotage
Indonesian authorities have taken a step back in bringing in a controversial ruling that would have seen coal exporters forced to use local shipping lines. The current administration in Jakarta has vowed to develop maritime infrastructure across the archipelago,
however the proposed coal export changes have come too soon with the national merchant fleet still too small. The government has put the law on hold for a year.
4. Cutting Dover Queues
A partnership between the University of Kent and the Dover Harbour Board has helped reduce traffic congestion, boost efficiency and cut costs for the port. The project started in 2016 when the Port of Dover, which handles
£122 billion ($170 billion) of U.K. trade annually, appointed a graduate of the Kent Business School, Dr Cliff Preston, to work within the organisation to help it use data modelling and simulation software to operate more effectively.
5. Saudi Eyes US Boom
Even Saudi Arabia wants in on the U.S. oil boom. The kingdoms state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit before determining it wasnt economically viable, according
to a person with knowledge of the matter. It also asked potential buyers in Asia if they would be interested in U.S. supply, according to officials at two regional refiners.
6. Trucker Shortage Bites
Online freight forwarder iContainers says that the ongoing truck driver shortage problem plaguing the U.S. at the moment is still to intensify. The problem, worsened by an overactive hurricane season which affected trucking in the Gulf region and high
demand from the festive season, has caused rates for hiring long-distance trucks to soar. An unexpected rough winter for the countrys south further compounded the problem.
7. Red Boxes Emerge
More than 8,000 brand new containers with the distinctive red exterior paint and white lettering Hamburg Süd have been delivered by the container factory of Maersk Container Industry (MCI) in the Chinese city of Dongguan. The
40 high cube standard Hamburg Süd containers which have been built since mid-January are coated with a special water-based, environmentally friendly paint.
8. Oil On Japanese Beaches
Oil that reached islands in southern Japan earlier this month is highly likely to have come from the sunken Iranian tanker Sanchi, the Japan Coast Guard said on Thursday. Samples of oily matter that washed up on Feb. 8 on
the shores of the Okinoerabu and Yoron islands in the Amami chain were found to be linked to the Sanchi’s sinking, the Coast Guard said.
9. Dutch BREXIT Hedge
British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access. We are about to apply for a licence to establish
a subsidiary company in the Netherlands, Steamship Mutuals executive chairman Gary Rynsard told Reuters in an email, adding it would opt for the port city of Rotterdam.
10. UK Port Future
With UK ports contributing billions to the UK economy, Brexit could offer Europes second-biggest ports industry a golden opportunity. The UK depends on its ports and harbours to facilitate the countrys diverse export industry
and support the handling of critical imports, necessary for the UK to prosper. At a time when the UK is going through unprecedented political change the UKs cargo facilities are being recognised as key tools for prosperity.
Daily news feed from Seacurus Ltd providers of MLC crew insurance solutions www.seacurus.com
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