Seacurus Daily: Top Ten Maritime News Stories 23/04/2018

Seacurus Daily: Top Ten Maritime News Stories 23/04/2018

1. EU Piraeus Tax Fears
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said. “The
VAT is completely evaded, with enormous damage to the national tax authorities and to the community,” Fabio Botto, of the Italian Central Anti-fraud Office’s special investigative unit, said in an interview.
2. World Descends on Singapore
The annual Singapore Maritime Week (SMW) started on Sunday, with more than 30,000 maritime professionals expected to attend the 34 events lined up for the week. SMW is in its 13th edition this year, and will feature an exhibition
on Singapore’s maritime industry and its transformation plans. 
A highlight is a feature on the upcoming Tuas Port, and various new technologies including wearable technology which leverages augmented reality and biosensors.
3. Coastal Clean Up
Two Democratic US Senators from the state of Washington have introduced a bill to codify rules for offshore drilling safety that were brought in after the 2010 Deepwater Horizon disaster. Senior Senator Patty Murray and junior
counterpart Maria Cantwell tabled the Clean Coast Act. Fourteen other Democratic Senators plus one Independent (Bernie Sanders) co-sponsored the Act, which aims to protect coastlines from terrible oil spills like Deepwater Horizon.
4. CMA CGM Swoops
France’s CMA CGM has reached an agreement to acquire an equity stake of around 25% in CEVA Logistics. CMA CGM will subscribe to between 380m and 450m Swiss Francs ($391m-$462m) worth of CEVA securities in connection with the
company’s Swiss IPO announced today. 
Rodolphe Saadé, chairman and CEO of CMA CGM, commented: "CEVA is a major player in the logistics business, which is closely related to the shipping industry.”
5. Slashing CO2 Plan
German liner giant Hapag-Lloyd is planning to cut its CO2 footprint by 20 percent per TEU-kilometer by 2020 compared to 2016. The setting of the company’s first climate goal comes as Hapag-Lloyd publishes its first Sustainability
Hapag-Lloyd said that it has already managed to cut its CO2 emissions by 46 percent between 2007 and 2016.
6. US Fears Chinese Control
A U.S. national security review has raised concerns about a takeover by China’s COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported. The terminal is part of COSCO’s
planned $6.3 billion deal to buy shipping firm Orient Overseas International Ltd (OOIL) , the Journal reported, citing people familiar with the matter.
7. Panama Draft Reduction
The Panama Canal Authority (ACP) will reduce the maximum draft for vessels transiting the Neopanamax locks to 48 feet or 14.63 meters tropical fresh water starting April 27, it said. The move will trim the allowable draft by
1 foot from its current 49 feet or 14.94 meters TFW. The decrease is based on present and projected water levels of Gatun Lake, which sits at 26 meters above sea level.

8. Near Miss Debate
The issue of near miss reporting has come to the fore recently, particularly in the USA. Experts believe that shipping is failing to deliver the basic checks need to assess and learn from accidents. Near misses, near miss reporting
systems and accident investigations should be of great interest to mariners as a group, as
 cautionary tales are so vital.

9. CEO Steps Down
Michele Francioni has just resigned from his role of CEO at RINA Services citing personal reasons. The decision by Francioni was unexpected, and rumours point to differences with the group’s top management on some key decisions.
RINA is likely to find a new CEO from within the group.
10. Fleet Growth Landmark
Greek dry bulk owner Star Bulk Carriers has moved to take its fleet to 90 vessels, with the acquisition of 16 bulkers from Italy’s Augustea Atlantica and York Capital Management in an all-share transaction. Star Bulk will assume
debt of $310m and issue around 10.5m shares to the two sellers, giving them a 14.1% stake in the company on completion of the deal. Raffaele Zagari, the group CEO of Augustea, will join the board of directors at Star Bulk.
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,
This communication is from the Barbican Insurance Group of companies. This email (and any attachment) is intended only for the attention of the addressee and may contain legally privileged and/or confidential information. Its unauthorised use, disclosure,
storage or copying is not permitted. If you are not the intended recipient, please permanently delete the original, destroy all copies and inform the sender by return email. An email reply to this address may be subject to interception or monitoring for operational
reasons or for lawful business practices. Seacurus Ltd is authorised and regulated by the Financial Conduct Authority. Registered Office: Suite 3, Level 3, Baltic Place West, South Shore Road, Gateshead, Tyne and Wear, NE8 3BA. Registered in England and Wales
(company no. 05201529)


This email has been scanned by the Symantec Email service.

For more information please visit



Leave a reply

©2021 InterManager - Promoting Excellence In Ship Management

Log in with your credentials

Forgot your details?