Seacurus Daily: Top Ten Maritime News Stories 26/02/2018

Seacurus Daily: Top Ten Maritime News Stories 26/02/2018

1. Crew Starved by Master
The master of the Liberia-flagged chemical tanker "Tintomara" has been removed from his ship in Australia, after the vessel was detained amid allegations of poor working conditions. Members of the crew have now been given
cash and are in Gladstone buying food and resting in the local Mission to Seafarers office. 
The Australian Maritime Safety Authority detained the vessel after receiving complaints from the crew about the master and chief
officer during a routine inspection. The complaints allege a culture of bullying, non-payment of overtime, long working hours and crew members losing weight due to lack of food.
2. Crew Wages Negotiated
The International Bargaining Forum (IBF), shipping’s largest industrial relations collective, concluded final negotiations for a 2019-2022 IBF Framework Agreement. An agreement was signed off for a salary increase of 2.5%
from January 1, 2019 with a review scheduled after two years. Also agreed was re-grading of the Warlike Area off Somalia to a High Risk Area and the addition of a Warlike Area 12 nautical miles off the mainland coast of Yemen.  
terms were agreed for Article 4, Non-Seafarers Work or the “Dockers’ Clause,” which clarify dockers’ rights to carry out lashing and other cargo handling services in ports.
3. North Korean Sanctions Raised
The US administration of President Donald Trump is ratcheting up sanctions on North Korea with measures that hit shipping strongly, according to Reuters. These actions, intended to discourage
North Korea from its nuclear weapons program, involve the US Treasury targeting one person, 27 companies and 28 ships.
Sanctions prohibit US citizens from dealing with those entities. They also involve assets that those firms hold in the US being blocked.
4. Trade Battle Commences
The U.S. Federal Trade Commission has said it would challenge in court the Norwegian company Wilhelmsen Maritime Services’ (WWI.OL) plan to buy smaller U.S. rival Drew Marine Group. The FTC said the $400 million proposed
deal would reduce competition in the market for marine water treatment chemicals, used in a ship’s boiler water and engine cooling water systems. 
If Wilhelmsen closed the deal with New Jersey’s Drew Marine, the FTC said
the company would have 60 percent of the market for marine water treatment chemicals, while its closest competitor would have 5 percent.
5. UK Club Emerges Stronger
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, emerges from the renewal to start the new policy year with total mutual owned tonnage of 139 million gt, slightly higher than at the start
of the previous policy year.  Combined mutual-owned and chartered tonnage now stands at around 239 million gross tonnes.
6. Somali Pirate Attack
Suspected Somali pirates attacked a Singaporean-flagged chemical tanker on Friday but were repelled by guards on board, the European Union’s Naval force said, the first such incident in several months. EU Navfor said in a
statement the 50,000 metric tonne MT Leopard Sun was sailing from Sohar in Oman to Cape Town, South Africa, when it was attacked by two skiffs 160 nautical miles (295 km) off the coast of Somalia. 
"The skiffs approached
from the stern and fired upon her, after which the on-board Private Armed Security Team returned fire with warning shots," EU Navfor said.
7. Good Times for Gas Giant
Nakilat announced its financial results for the year ended 31 December 2017, with a net profit of QR 847 million. The earnings per share attained in 2017 was QR 1.53. During the year, Nakilat successfully deployed the company’s
strategic plans towards maintaining its global leadership in LNG transportation and the integral role it plays in Qatar’s LNG supply chain. Despite the challenges facing the energy and maritime industry, the company managed to achieve positive results across
its operations that exceeded planned expectations in 2017 through enhanced operational efficiency and a reduction of costs.

8. Panama Financing Laws
After many years in the pipeline, Panama has passed legislation for ship financing, the first of its kind for the country. The Law 50 of 28 June 2017 entered into force on 29 December 2017 and is known as the Naval Financing
Law. The legislation creates an attractive investment environment and contemplates ship financing from banks established in Panama while extending its reach to all foreign financial institutions providing they establish a branch office in Panama to enjoy the
law’s benefits.
9. Embracing Navigation Digitalisation
Denmark and South Korea have decided to expand their cooperation to maritime navigation. The two countries will jointly collaborate in the field of digitalisation. This entails the promotion
of e-navigation and the development of advanced technologies that will be used by autonomous vessels, according to South Korea’s Ministry of Oceans and Fisheries.
10. Stranded Vessel Refloated
A stranded Panama-registered vessel “Hang Yu 11,” which ran aground off Zhuwei Fishing Harbor, Taoyuan on Feb. 3, was finally freed Wednesday, according to the Maritime and Port Bureau (MPB). According to a press release
issued by the MPB on the same day, workers made use of the afternoon’s full tide and strong waves to deploy the tug boats “Salvage Champion” and “Salvage Ace” with 10,000hp and 9,000hp, respectively, to free the “Hang Yu 11.” 
vessel, which has a gross tonnage of 2,998 tons, ran aground in strong winds and high waves.

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