Seacurus Daily: Top Ten Maritime News Stories 08/03/2018

Seacurus Daily: Top Ten Maritime News Stories 08/03/2018

1. Maersk Confirms Tragedy
One of the 23 crew members evacuated from "Maersk Honam", rocked by fire on Wednesday in the Arabian Sea, has been confirmed dead by Maersk Line. The Thai national passed away after his
health condition drastically deteriorated due to the injuries sustained in connection to the fire, the company said in a statement. 
“We are deeply saddened with the passing of one of our colleagues who in the first place
had been evacuated. The seriousness of the event has escalated and everyone in Maersk is moved by this. We are in contact with the family of the deceased and our thoughts and condolences go to them", they said.

2. Ship Breaking Legal Battle
The dispute between cash buyer GMS and NGO Shipbreaking Platform seems to have reached a tipping point as both sides resort to legal counseling following the NGO’s claims that the company enabled beaching of ships on several occasions. The
latest example saw GMS being linked to Seatrade’s four reefers being sold for demolition to yards in countries with poor working conditions and substandard environmental practices. 
The company vehemently opposed the accusation
which was later withdrawn as incorrect with NGO Shipbreaking stating that GMS was not the end-buyer of Seatrade’s vessels.

3. Collision Caused by Turn
A U.S. guided missile destroyer’s deadly collision with an oil tanker near Singapore in 2017 was caused by "a sudden turn" made by the warship that put it in the path of the commercial vessel, said a report by the Singapore
The collision which killed 10 sailors and was one of a handful of incidents in the Asia Pacific region involving U.S. Navy warships, raised questions about Navy training and led to the removal of a number of
"The collision…happened because of a sudden turn to Port by JSM, which caused it to head into the path of AM," the report said.
4. Investing in Maritime Hub
Singapore authorities – already presiding over the world’s most vibrant maritime hub – today outlined what else they will be doing to develop the city-state’s shipping cluster. The Maritime and Port Authority of Singapore
(MPA) said in a release today it will strengthen the connectivity and inter-linkages of Singapore’s maritime cluster, building a vibrant innovation ecosystem and develop a future-ready and skilled maritime workforce. MPA will also enhance and top up the Maritime
Cluster Fund (MCF) by S$100m.
5. Industry Comes Together
A record 450 guests will gather at Liverpool FC on Thursday, March 8 for the awards ceremony which will celebrate excellence in Liverpool city region’s powerhouse maritime sector.
Industry and political heavyweights from the Liverpool city region, across the UK and overseas will arrive in the city this week to celebrate Merseyside’s £4bn maritime sector. Backed by big
name industry sponsors including Beech Group, Liverpool John Moores University (LJMU), Peel Ports and Stream Marine Training, the Mersey Maritime Industry Awards (MMIAs) 2018 take place at Liverpool FC on Thursday, March 8.
6. Tariffs A Bad Idea
Morgan Stanley’s top executive said on Wednesday that potential tariffs on steel and aluminium that U.S. President Donald Trump is expected to sign later this week are a "bad idea." "The biggest issues this country faces
are not trade deficits, they’re fiscal deficits," Chief Executive Officer James Gorman told CNBC.
 Gorman said that imposing tariffs on a country or ally that the United States sells a lot of goods to is not the "best way to move forward." He added that there may be retaliation from other countries due to the tariffs.
7. How to Avoid Being Hacked
Ethical hackers Pen Test Partners, have spent a lot of time highlighting cyber vulnerabilities within the maritime sector by speaking at various shipping conferences and events to promote the need for better cyber security. One
of the most common questions that senior partner Ken Munro gets asked following one of his engaging presentations is: “Where do we start with maritime security?” 
In answer to this question, he’s put together a list of
ten tactical tips which maritime industry executives can out into practise straightaway to drastically reduce the risk of becoming victims of hacking.
8. New Propeller Revolution
NYK, Japan Marine United Corp (JMU) and MTI have developed a new propeller that reduces CO2 emissions by 1.2%. The propeller to be fitted to two new containerships for delivery in 2019 was developed analysing the actual conditions
surrounding the propeller during operations. 
The three companies analysed the operation of a propeller in operation on a vessel. “Afterward, they confirmed that the simulation data matched the actual conditions to a high
probability. The highly reliable simulation was then used to achieve further optimization..and thus improve fuel efficiency,” NYK said.

9. Oil Being Snapped Up
The man running the world’s biggest wealth fund said snapping up oil stocks now could pay off down the line. It’s just not a good idea for Norway. The $1 trillion fund, built from Norway’s own production of petroleum, shocked
markets in November when it announced a proposal to dump oil and gas stocks. The rationale was that given Norway’s overall exposure to oil it didn’t make sense to also tie up financial assets in the petroleum sector, rather than a view on the future viability
of the industry.
10. Oldest Message In a Bottle
The oldest known message in a bottle was found on an Australian beach 132 years after being thrown from a German ship in the Indian Ocean as part of an experiment to track currents, experts said. The Dutch gin bottle, with
no cork or top, was spotted by Tonya Illman in January in remote sand dunes 180 km (112 miles)north of Perth, the capital of Western Australia state. 
Inside, her family discovered a note tightly rolled up and tied with
string, carrying the date June 12, 1886, and the name of the ship, Paula.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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