Seacurus Daily: Top Ten Maritime News Stories 06/04/2018




Seacurus Daily: Top Ten Maritime News Stories 06/04/2018

1. Global Shipping Goals
Shipping should set a goal of halving greenhouse gas emissions by 2050, Norway’s government and shipowners’ association said on Thursday before talks by the International Maritime Organization (IMO) in London next week. Norway’s
fleet is worth about $45 billion, the fifth most valuable in the world behind Japan, Greece, China and the United States. Norway’s shipping includes offshore, gas, chemicals, car vessels, dry bulk, crude, crude products and containers. 
The
IMO, which says international shipping represents about 2.2 percent of world carbon dioxide emissions, and was not included in the 2015 Paris climate agreement.
https://goo.gl/b57MtH
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2. Great Shipping Swindle
The Outsider, a documentary focusing on the life of Taiwanese shipping magnate, Nobu Su is to be released, and contains extremely disparaging remarks from a former employee of the Royal Bank of Scotland (RBS), who alleges that the British financial institution
swindled Su out of millions of dollars at the time of the global financial crisis in 2008 in order to keep the bank afloat. Su has been running a long campaign against former senior executives of RBS including the former boss
of the bank, Fred Goodwin. 
“I believe RBS used my own accounts to make their own balance sheet appear stronger,” Su says in the documentary.
https://goo.gl/5rSKzv
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3. Cruise Complaints
Mainstream media outlets around the world covered complaints about chipping and painting aboard the cruise ship Norwegian Sun. Fox News, The Sun, CBC, The New Zealand Herald and News.Com.Au all carried passenger accounts of a project to refinish the vessel’s
upper decks. During a recent re-positioning cruise through the Panama Canal, workers aboard the Sun closed off sections of the ship’s weather decks in order to chip, paint, weld and perform other repairs. Hundreds of the guests
aboard during the voyage created a Facebook group to protest their experience of the work in progress.
https://goo.gl/HhikdZ
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4. Zero Emissions Pilot
The Port of Long Beach (POLB) has announced that it is launching the US’s largest zero-emissions pilot project thanks to a $9.7mgrant it received from the California Energy Commission (CEC). Southern California Edison (SCE) and CEC have partnered with
the port to convert existing equipment into electric powered kit.
Both Long Beach and neightbouring Los Angeles port have already committed to switching all their terminal equipment to zero emissions by 2030. “This project is another example of the
goods movement industry, equipment builders, utilities and public agencies stepping up to reach for the goal of zero emissions."
https://goo.gl/Dy7fRh
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5. BP on the Rise
BP has published its Annual Report and Accounts for 2017, highlighting that group Chief Executive Bob Dudley accepted a pay cut. Dudley’s pay was cut by 24 percent to $13.4 million despite 2017 being one of the best years
in BP’s recent history. For the three-year period to 2017, BP achieved the best total shareholder return of its super major peer group and delivered 44 percent returns on U.K. shares.
https://goo.gl/2AXc4j
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6. Trade War Fears
Predictions about a freight market recovery in the dry bulk and container markets can be left high and dry, if the unexpected factor of a trade war comes to fruition. And as far-fetched such a notion seemed up to a couple of days ago, the events of this
week suggest that nothing should be taken for granted in this time and age. Starting with the past weekend, when China’s Customs Tariffs Commission announced the enforcement of reciprocal tariffs of as high as 25% on 128 goods imported from the US. 
https://goo.gl/pVuVvY
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7. Cruise Line Awards
Holland America Line has established a Shared Humanity Award to be given annually, starting this year with Archbishop Desmond Tutu.  The award is presented to a leader and change-maker who has dedicated their life to inspiring
others to see that the things that unite us are greater than those that divide us.  
Holland America Line president Orlando Ashford bestowed the first award on Tutu, the former Archbishop of Cape Town, South Africa, in
recognition of his lifetime spent championing equality, inclusion and peace. 
https://goo.gl/QF27JD
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8. Huge Vessel Plan
South Korea will place orders for about 200 vessels in the next three years to help the ailing shipping and shipbuilding industry tide over weak global demand, the oceans ministry said Thursday. The Ministry of Oceans and
Fisheries unveiled the mid-term restructuring plan for the nation’s shipbuilding and shipping sector, which has been undergoing a bruising time following massive losses and Hanjin Shipping Co.’s bankruptcy in 2016.
https://goo.gl/DFLePL
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9. Tanker Threat Contained
Bahri has confirmed an attack earlier this week on one its VLCCs by Houthi rebels in the Bab al-Mandab Straits, but a wider threat to commercial shipping is not seen. Bahri confirmed an attack on Tuesday on its very large
crude carrier (VLCC) Abqaiq in international waters south west of the port of Hodeidah in Yemen.
“The VLCC (very large crude carrier) suffered only minor damage and there were no injuries to our crew aboard. The cargo was unaffected and there was no loss of containment. The crude carrier successfully resumed her northward
journey across the Red Sea,” Bahri said in a statement.
https://goo.gl/22okRr
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10. Plastic Bag Drop
The number of plastic bags found in the seas around Britain has significantly dropped since 2010 as European governments crack down on their use, researchers said on Thursday. The percentage of trawls by fishermen that catch
at least one plastic bag in the greater North Sea, off Britain’s east coast, more than halved since 2010 to 16 percent, scientists in Britain and the Netherlands said.
Prior to 2010, the average was 40 percent, said the
study which spanned 25 years.
https://goo.gl/TXKfqt
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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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