Seacurus Daily: Top Ten Maritime News Stories 03/04/2018

Seacurus Daily: Top Ten Maritime News Stories 03/04/2018

1. UN Sanctions Against Ships
The United Nations Security Council has announced new sanctions against North Korea, blacklisting 27 ships, 21 companies and one businessman for helping North Korea evade previous international sanctions by smuggling oil
and coal. 
According to a UN document, 13 North Korean oil tankers and cargo vessels were banned from ports worldwide along with 12 other ships for helping Pyongyang smuggle banned commodities or supplying oil and fuel
shipments, while another two North Korean vessels were hit with a global assets freeze. 
The assets of the 21 shipping and trading companies will be frozen.
2. Stage Set for Climate Drama
The stage is set for what could be the most acrimonious gathering of the Marine Environment Protection Committee (MEPC) at the headquarters of the International Maritime Organization (IMO) tomorrow. The jostling for positions in the past week shows we’re
in for some long, hard days of attritional bargaining in London coming up. More’s the pity as MEPC 72 is arguably the most important session in the committee’s history, one where the future of our industry – and by extension, many have been arguing on this
site, the future of the planet – is set to be debated.
3. Asset Sale Approved
Six LPG carriers belonging to Yudhishthir Khatau-led Varun Resources are to be auctioned, bringing a close to a dreadful chapter of crew abandonment that has shamed a once rising star of international shipping. A
court in Mumbai has ruled that bids can now be lodged for the Maharshi Devatreya, Maharshi Krishna Treya, Maharshi Bhavatreya, Maharshi Bhardwaj, Maharshi Shubhatreya and Maharshi Mahatreya with the winning bidder to be revealed on April 20.

4. The ONE Commences
The Japanese container shipping alliance Ocean Network Express (ONE) commenced operation on April 1, and the alliance members have now completed their investment payments. The
total investment made by Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) was $3 billion with K Line contributing 31 percent, MOL contributing 31 percent and NYK contributing 38 percent.

5. Blacklisting Crew Agents
India has blacklisted a number of UAE-based crew agents and shipping lines, which have abandoned crew over the last couple of years. The companies named by India’s Directorate
General of Shipping include Shah Al Arab Marine Agency, Enjaz, Azab, Sharjah Moon, Azwa and Alco Shipping Services. 
“It has been reported to this Directorate that Indian seafarers are stranded at Dubai for last 22
months due to abandonment by the owners / recruiting agencies… The seafarers are distressed, not paid wages for months not repatriated from after completion of contract,” a release from the directorate stated.

6. Ghana Piracy HotSpot
Merchant vessels transiting the Ghana coast in the Gulf of Guinea have been cautioned to increase defences against piracy, amid increased activity of pirates off the coast of Ghana. A merchant ship was seen surrounded by three speedboats filled with armed
pirates off the coast of Takoradi on March 8th. A report by the IMB suggested that there were 11 separate pirate attacks between 2013 and 2017 off the country’s coast.
7. Shipping Confidence Surges
Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence
level expressed by respondents was up from 6.2 out of 10.0 in November 2017 to 6.4 this time. Confidence on the part of owners was also at a four-year high, up from 6.4 to 6.6, while managers’ confidence was up too, from 6.1 to 6.4. The rating for charterers,
however, continued its recent erratic performance – down to 5.0 from 7.7 in November 2017, but up on the 4.7 recorded in August 2017.

8. Chemical Spill Scare
Hazardous Chemical Scare Aboard Containership at Shanghai’s Yangshan Port. Authorities in China responded Wednesday to a dangerous chemical leak on board a containership docked at the Yangshan Deep Water Port in Shanghai,
According to reports of the incident, alert workers spotted the clear and colorless chemical leaking from a container that had just been loaded aboard the 6,500 TEU containership MV Puelo. It
was eventually determined that the liquid was cyclohexane, a highly-flammable chemical used in industrial production.
9. Costs to be Controlled
One of Japan’s largest shipowners Mitsui OSK Lines (MOL) has prioritised price competitiveness in its 2018 plan. In its “Rolling Plan 2018” MOL president ceo Junichuro Ikeda said it had reprioritised its plans and narrowed
actions down to more specific goals with price competitiveness and ICT at the fore. 
“We must seriously accept that, above all, customers are seeking price competitiveness based on the premise of safe and reliable transportation.
With this in mind, we will work squarely to enhance the cost competitiveness of our fleet and enhance business efficiency through business process reforms,” Ikeda said.

10. Fire on Bulker
A fire broke out on board Panama-flagged bulk carrier "MV Ever Judger" while the 2014-built vessel was in Balikpapan waters, a seaport city on the east coast of the island of Borneo, on March 31. The Indonesian Ministry of
Transport said that it had managed to contain the fire on board the 82,000 dwt ship and prevent it from spreading. Th
ere were no casualties in the incident and the 20 members of the Malaysia-bound ship had been evacuated
from the vessel. 
The cause of the fire is yet to be determined.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
33 Gracechurch Street,
London EC3V 0BT,
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