Seacurus Daily: Top Ten Maritime News Stories 20/04/2018

Seacurus Daily: Top Ten Maritime News Stories 20/04/2018

1. Huge LNG Landmark
Three liquefied natural gas tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade. All three ships — Gaslog Hong Kong,
Gaslog Gibraltar and Clean Ocean — entered the canal on a staggered basis from the Pacific side Tuesday and had completed their crossings by early Wednesday, according to vessel tracking data compiled by Bloomberg. A representative for the canal authority
confirmed the tanker moves.

2. Shake up on Spot Market
Louis Dreyfus Armateur’s decision to exit the cape spot market has elicited much response. Chief correspondent Jason Jiang identifies the changing capesize landscape. Last week, French shipowner Louis Dreyfus Armateur announced
its decision to exit the capesize spot market, conceding that the sector has now become too firmly controlled by the world’s top miners. The news has raised questions – who controls the capesize spot market today and is it really the case that it is dominated
by the mining giants?
3. No Fuel Silver Bullet
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that member states of the IMO have voted in favour of cutting greenhouse gas emissions from ships in half by 2050. The
report, from Vienna-based JBC Energy, states that even if the entire global shipping fleet were to switch to LNG, the industry would still be short of its CO2 reduction targets by 350m tonnes. 
JBC Energy said the shipping
industry would need to seek out extra measures including efficiency gains, carbon capture and storage, hybrids and batteries to meet its newly set green targets.
4. Pipeline Anchor Theory
Indonesia’s environment ministry has ordered the oil company Pertamina to clean up a 40,000-barrel spill at the port of Balikpapan. An investigation shows the crude came from a ruptured Pertamina oil pipeline. Separately, an analysis by the Indonesian
Navy indicates that a merchant vessel may have caused the spill by catching the pipeline with its anchor. Shortly after the leak began, the oil caught fire, killing five fishermen. The cause of the fire has not been established,
but the owner of the Ever Judger, a bulker that was present at the time of the incident, alleges that it was intentionally set by port workers to contain the spill.

5. App to Improve Efficiency
The Port of Rotterdam Authority has launched a new app called Pronto to cut ship waiting time. Around 30,000 vessels call on Rotterdam each year, and the app allows them to cut their waiting time by an average of 20 percent
through more effective use of capacity at the port terminals and the precise coordination of vessel services such as bunkering, maintenance and provisioning. Pronto provides shipping companies, agents, terminal operators and other service providers with a
joint platform for the exchange of information relating to their port calls. They can either use the Pronto or input the data directly into their own systems.

6. Steady Shipowners Performance
Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported positive results for the year ending 31 December 2017, despite the challenging market conditions to both the insurance and shipping sectors. The
Club has reported a combined ratio of 99.1%, stability in Member and vessel numbers, a small uplift in gross tonnage to 25.48m and an overall surplus of US$ 47.7m, including a return on the investment portfolio of US$ 47.5m.
7. Honam Limping to Port
Damaged and disabled ULCC Maersk Honam is expected to arrive at Jebel Ali in Dubai within a few days, having reached the Gulf of Oman. Being towed by Alice Prima, Amazon Chieftain Z, Maersk Involver, Posh Perseverance and Zwerver 2, the tugs have an ETA
at Jebel Ali of between April 21st and 28th. “We have received the permission from the port authorities in Jebel Ali to anchor the vessel off Jebel Ali, and we expect it to reach the anchorage in the second half of April, all
going well”, said Maersk.
8. Class Sets Out Themes
Quality, modernisation and transparency have been the three fundamental themes of the International Association of Classification Societies (IACS) during DNV GL’s Chairmanship, and this approach is widely reflected in IACS’ 2017 Annual Review which was
presented in London today by IACS Chairman Knut Ørbeck-Nilssen. Mr Ørbeck-Nilssen said that during these dynamic times, both IACS and its twelve Member societies need to act as a guide for the shipping industry, identifying the
path for others to follow.
9. Losing Luxury Yacht
A London court ordered the seizure of a luxury $492 million yacht owned by a Russian billionaire as judges sought to enforce one of the largest divorce payouts in U.K. history. The court ruled that Farkhad Akhmedov should
transfer ownership of the 115-meter (380-foot) MV Luna, currently impounded in a dry dock in Dubai, to his wife, Tatiana Akhmedova. The judge granted the order to uphold his earlier 453.5 million-pound ($646 million) judgment. 
Charles Haddon-Cave said that Akhmedov tried to hide his ownership of the Luna behind a group of companies and moved the ship to Dubai to keep it from the courts.
10. COSCO Giant Delivered
A colossal containership with a deck equalling the size of four football fields was named and delivered to COSCO Shipping Lines on April 10. The Hong Kong-flagged 20,000 TEU containership, named COSCO Shipping Gemini, was
built by Dalian Shipbuilding Industry (DSIC). 
“The ship will provide greater stimulus for COSCO Shipping Lines to further optimize its global liner route planning and improve its international container shipping service,”
the shipping company said commenting on the delivery.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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