Seacurus Daily: Top Ten Maritime News Stories 17/04/2018
1. EU Success on Pollution
Air pollution from sulphur oxides (SOx) emitted from ships has substantially dropped over the past years, a new compliance report issued by the European Commission shows. This positive
trend is the result of joint efforts by member states and the maritime industry to implement EU rules under the Sulphur Directive and opt for cleaner fuel. EU mechanisms to technically and financially support member states
to reduce emissions were an important factor in compliance, according to the commission.
trend is the result of joint efforts by member states and the maritime industry to implement EU rules under the Sulphur Directive and opt for cleaner fuel. EU mechanisms to technically and financially support member states
to reduce emissions were an important factor in compliance, according to the commission.
https://goo.gl/YA9XkS
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2. How to Make Money
The IMO MEPC decision that shipping will cut its greenhouse gas emissions to half the levels of greenhouse gas emitted by ships in 2008 raises two questions, and a corollary: How will we comply? and How
will the new regulations be enforced? And the corollary is, How do we make money out of this? This according to commentators is the new rush for shipping – to make sure that the commercial venture aligns, and succeeds
in this new operational environment.
will the new regulations be enforced? And the corollary is, How do we make money out of this? This according to commentators is the new rush for shipping – to make sure that the commercial venture aligns, and succeeds
in this new operational environment.
https://goo.gl/5BCKWw
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3. Rising Box Rate War
Rates on the all important Asia to Europe box tradelane have slumped to lows not seen for nearly two years as carriers undercut each other in a dangerous battle for market share. The
Shanghai Containerized Freight Index (SCFI) closed last week on just $585 per teu, down 5.2% on the previous week. The index has shed more than $300 per teu since the start of the year. Carriers have now announced rate
increases.
Shanghai Containerized Freight Index (SCFI) closed last week on just $585 per teu, down 5.2% on the previous week. The index has shed more than $300 per teu since the start of the year. Carriers have now announced rate
increases.
https://goo.gl/h25TUR
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4. The Sulphur Challenge
Its the question on everyones mind: how best to deal with the IMOs 0.5 percent sulfur cap regulations? With just over 18 months to go until the deadline, decisions need to be made on capital investments for scrubbers and
new builds now. Trafigura recently announced it would install scrubbers on all its new build tankers arriving in Q1 2019. Over the last few months, BunkerEx has been quietly forming a view based on extensive conversations
with various stakeholders, research papers, articles and conferences. Our conclusion is that for now, scrubbers are not the answer.
new builds now. Trafigura recently announced it would install scrubbers on all its new build tankers arriving in Q1 2019. Over the last few months, BunkerEx has been quietly forming a view based on extensive conversations
with various stakeholders, research papers, articles and conferences. Our conclusion is that for now, scrubbers are not the answer.
https://goo.gl/1zNa6q
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5. Panama Returns to Normal
Operations in the Panama Canal returned to normalcy April 14, following the suspension of a group of tugboat captains while they are being investigated for paralysing transits through the expanded locks on April 12. On Saturday,
nine Post-panamax vessels transited through the new locks. The original Canal locks, where the operation is carried out with locomotives, have been operating normally.
nine Post-panamax vessels transited through the new locks. The original Canal locks, where the operation is carried out with locomotives, have been operating normally.
https://goo.gl/Cuhnz7
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6. Vroon Agrees Debt Deal
Dutch shipping company Vroon has reached an agreement in principle with all of its lenders regarding the terms of its financial restructuring. The agreement marks the important step towards the final stage of a process initiated
in late 2016 following continued challenges in shipping markets. Vroon is confident that the envisaged restructuring will provide a generous runway to implement its strategic plans, Vroon said. The agreement is subject
to final documentation and credit committee confirmation.
in late 2016 following continued challenges in shipping markets. Vroon is confident that the envisaged restructuring will provide a generous runway to implement its strategic plans, Vroon said. The agreement is subject
to final documentation and credit committee confirmation.
https://goo.gl/xyZtNo
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7. QE2 Hotel Opens
The Queen Elizabeth II ocean liner may finally start generating returns for Dubai after the emirate spent $100 million buying the vessel more than a decade ago. The 963-foot (294-meter) cruise liner has been turned into a
hotel and will be moored permanently at Mina Rashid in Dubai, according to an emailed statement. It will eventually have 13 restaurants and bars. QE2 will start welcoming the public from April 18 before a grand opening in October. The
QE2 purchase came to symbolize Dubais freewheeling spending just before the global credit crisis hit the emirate, forcing it to teeter on the brink of default in 2009.
hotel and will be moored permanently at Mina Rashid in Dubai, according to an emailed statement. It will eventually have 13 restaurants and bars. QE2 will start welcoming the public from April 18 before a grand opening in October. The
QE2 purchase came to symbolize Dubais freewheeling spending just before the global credit crisis hit the emirate, forcing it to teeter on the brink of default in 2009.
https://goo.gl/K7accL
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8. Building Returns to Southampton
Marine engineering services firm SMS is midway through a contract for Woods Silver Fleet to build three huge pontoons for the Thames. The works amount to circa 750 metric tons of fully fabricated steel pontoons and over
5,000 man hours of specialized, local, labor in Southampton, Hampshire, U.K. Chris Norman, the managing director of Southampton Marine Services (SMS), said, This project is of significance not only to SMS but also the
local shipbuilding community.
5,000 man hours of specialized, local, labor in Southampton, Hampshire, U.K. Chris Norman, the managing director of Southampton Marine Services (SMS), said, This project is of significance not only to SMS but also the
local shipbuilding community.
https://goo.gl/TqwWyT
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9. Vessel Traffic Management
In Singapore a ship arrives or leaves every two to three minutes, and so new technologies are being developed to improve congestion forecasts and minimise collisions. The goal is to enhance navigational safety, through technologies
that can predict and issue early warnings on the risk of collision, using technologies such as prediction or risk calculation models. Fujitsu Limited, Singapore Management University (SMU) and the Institute of High Performance
Computing at the Agency for Science, Technology and Research (A*Star) announced that they are collaborating on innovative new technologies for vessel traffic management.
that can predict and issue early warnings on the risk of collision, using technologies such as prediction or risk calculation models. Fujitsu Limited, Singapore Management University (SMU) and the Institute of High Performance
Computing at the Agency for Science, Technology and Research (A*Star) announced that they are collaborating on innovative new technologies for vessel traffic management.
https://goo.gl/ubbJQ4
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10. Autonomous Ships Beckon
While debates rage in regards to safety, insurance and cyber security, the tech powering autonomous maritime operations continues to power ahead. Advances in sensor technology, data analytics and bandwidth-to-shore are fundamentally
changing the way shipping works. And as operations are digitalized, they become more automated, Dr. Pierre C. Sames, Director of Group Technology & Research at class society DNV GL, has stated.
changing the way shipping works. And as operations are digitalized, they become more automated, Dr. Pierre C. Sames, Director of Group Technology & Research at class society DNV GL, has stated.
https://goo.gl/58a1a5
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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.,
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