Seacurus Daily: Top Ten Maritime News Stories 27/03/2018




Seacurus Daily: Top Ten Maritime News Stories 27/03/2018

1. More Accident Problems
The accident-prone partners of the 2M alliance have been involved in another smash. Maersk and Mediterranean Shipping Company (MSC), the world’s two largest container carriers, have had
more than their fair share of accidents in the past 12 months, most notably the tragic fire on the Maersk Honam earlier this month which killed five crew. 
On Saturday the 11,000 teu MSC Shuba B, owned by Seaspan, and the
4,258 teu Laura Maersk collided at the Peruvian port of Callao. 
The accident, captured on video, happened while the pair were manoeuvring in harbour.
https://goo.gl/N4mpdg
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2. ICS Wants Compromise
Ahead of next week’s important 72nd gathering of the Marine Environmental Protection Committee (MEPC) at the International Maritime Organization (IMO) headquarters in London, top shipowning bodies are getting their messages across. The
International Chamber of Shipping (ICS) stressed today that governments must compromise to help IMO agree an ambitious strategy for the further reduction of CO2 emissions by shipping that will match the expectations of the Paris Agreement on climate change.
https://goo.gl/Q9mNWt
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3. Unauthorised Bulker Modifications
South Korea’s Ministry of Oceans and Fisheries reports that the Stellar Eagle, a tanker-to-ore carrier conversion belonging to Polaris Shipping, was found to have 22 "unauthorized modifications" during an inspection at Rizhao,
China. Polaris has been ordered to send the Eagle to a shipyard to correct the unsanctioned work.  
It is not the Eagle’s only recent run-in with inspectors. According to Equasis, port state control officials at Zhanjiang,
China identified eight deficiencies aboard the vessel last year, including issues with the watertightness of her hatches and ventilation system.  
https://goo.gl/FuxrXM
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4. Bargain Slots on Offer
With Hyundai Merchant Marine (HMM) about to launch an Asia-North Europe service deploying panamax-size vessels, maritime consultant Drewry has debunked the theory that unit slot costs on bigger ships will always work out cheaper. HMM
surprised the industry with its pledge to offer a weekly loop to North Europe outside its slot charter agreement with 2M partners Maersk Line and MSC. 
However, the sustainability has been questioned, given that it will
only deploy panamax ships of around 5,000 teu, in stark contrast with the ‘new normal’ 15,000 teu-plus ULCVs now operating on the tradelane.
https://goo.gl/Sr8JM5
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5. COSCO on High
Hong Kong-listed port operator COSCO Shipping Ports ended 2017 on a high note, having more than doubled its profit. The company’s profit attributable to equity holders reached USD 512.4 million in 2017, representing an increase
of 107.4 pct compared with 2016 when the profit stood at USD 247 million.
Excluding profit after tax from one-off exceptional items in 2017 and profit in relation to discontinued container leasing, management and sale businesses in 2016, the company recorded profit attributable to equity holders
of USD 227 million, a 25.5 pct increase year-on-year.
https://goo.gl/f2KnsF
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6. Samsung Gets Cyber Recognition
Putting innovation alongside security, Samsung Heavy Industries’ (SHI) Smart Ship Solution has won recognition with a Certificate of CyberSafety Compliance from ABS for demonstrating adherence to the ABS Guide for Cybersecurity Implementation for the Marine
and Offshore Industries and ISO 27000 series, IT Security Control Code of Practice. SHI’s Smart Ship Solution aims to improve vessel efficiencies using real time data from hull and equipment sensors in collaboration with land-based
technical and fleet managers. 
https://goo.gl/3arBTA
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7. Passengers Stuck in Ice
The Arctic Umiaq Line passenger ship Sarfaq Ittuk has been stuck in ice in Torssukatak in southern Greenland since last Wednesday. There are 37 passengers and 21 crew members on board the 73-meter (240-foot) vessel, which
is not expected to be free until this Wednesday or Thursday.  
Arctic Umiaq Line said in an update on its Facebook page: “There is nothing to suggest that the wind changes direction before late Wednesday, which is why we
first expect Sarfaq Ittuk to sail north on Thursday morning. We keep an eye on the weather situation, and should there be an opportunity, Sarfaq Ittuk will start her north sailing earlier.
https://goo.gl/Am5Dky
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8. Scrubbers Being Installed
Commodities trader Trafigura will install scrubbers on its fleet of newbuild tankers to comply with new regulations from 2020 that will slash sulphur levels that ships are allowed to burn, a company spokesperson told Reuters on Monday. Trafigura
confirmed an order, announced last June, for up to 32 newbuild crude oil and product tankers, for delivery from late this year although most will arrive in the first quarter of 2019. 
"The first vessels will be delivered
in October this year. All will be equipped with scrubbers," the Trafigura spokesperson said in an emailed statement.
https://goo.gl/qJmb84
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9. IMO Right Place for Rules
The maritime industry needs global regulations for a global industry, which makes the IMO, the right organization for this task, BIMCO’s chief shipping analyst Peter Sand has said. The industry does not need more regional
or national legislation, added Sand. F
ollowing the enforcement of IMO’s Ballast Water Management Convention, some port-states, particularly the US, have come up with more onerous standards than the IMO’s, an observation
that has not gone unnoticed by the shipping industry. 
“We see the IMO as the right body for global regulations, but we have seen the US running a different show,” Sand said.
https://goo.gl/92PCVF
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10. Timber Washes Ashore
Timber lost in the North Sea by general cargo ship Frisian Lady (IMO 9246906) has drifted onto beaches across East Lothian, the Scottish borders and Fife. The cargo reached the Firth of Forth on March 20th after 200 bundles of timber were lost overboard
on March 2nd by Frisian Lady while she was 110nm east of Souter Lighthouse, off the South Shields coast, en route from Antwerp to Immingham, Lincolnshire. The timber packets had largely broken up into individual planks and were
being reported to have washed up on beaches in East Lothian, the Scottish Borders and Fife. 
https://goo.gl/igx6oF
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Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions  www.seacurus.com
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
33 Gracechurch Street,
London EC3V 0BT,
UK
www.seacurus.com
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