Seacurus Daily: Top Ten Maritime News Stories 24/04/2018




Seacurus Daily: Top Ten Maritime News Stories 24/04/2018

1. Crew Taken Hostage
Dutch MPP owner ForestWave Navigation has reported that on Saturday morning its general cargo vessel FWN Rapide came under attack from pirates prior to entering the port of Port Harcourt in Nigeria. A number of the ship’s crew have been taken hostage. ForestWave
said it has had some contact with the remaining crew and is now trying to move the ship to a safe location.
https://bit.ly/2HJPCdQ
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2. Moving to Artificial Intelligence
Microsoft Research Asia (MSRA) and Hong Kong’s Orient Overseas Container Line Limited (OOCL) have joined forces to look at how to apply artificial intelligence (AI) research to improve network operations and achieve efficiencies within the shipping industry.
The collaboration is expected to nurture over 200 AI developers over the next 12 months.
https://bit.ly/2K7YOah
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3. Broker Profit Warning
A profit warning from Clarkson gave the shipbroker its biggest daily fall in 25 years. Just over a month after saying there were signs of recovery in the shipping markets, Clarkson said clients were once again postponing transactions.
Clarkson said a “challenging environment in shipping and offshore capital markets” led to transactions being pushed back and fewer purchases.
https://bit.ly/2Hojltq
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4. Vintage Market Boom
Brokers report the market is flooded with elderly ships for sale. For instance, at least 15 late 1990s built panamaxes are currently being circulated. However, few sales are being concluded. The slowdown is partly due to
the fact that ship finance is very hard to obtain for 20th century ships these days.
https://bit.ly/2qS8Mo2
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5. Detention Concerns Grow 
The managers of the Royal Arsenal bulk carrier have voiced concern about the vessel’s continued detention at Umm Qasr in Iraq following a collision with a vessel owned and operated by the General Company for Ports of Iraq (GCPI) in August 2017.  The
incident occurred when the Handymax vessel, with the compulsory Iraqi pilot on board supervising the navigation, collided with the dive support craft Al Misbar, which was being used to ferry port employees. 
https://bit.ly/2qUhIsn
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6. Gas Leak Deaths
Two crew members from a Hong Kong-flagged bulk carrier have died in what has been reported as a “gas leak” aboard the vessel off India on Sunday. The victims were crew members of the MV Feng Hui Hai, which had just arrived
at an outer anchorage at Port of Naviakhi to discharge a cargo of coal from Indonesia when the incident was reported.
https://bit.ly/2qUigOX
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7. US Oil Spill
The U.S. Coast Guard is responding to a heavy fuel oil discharge from a Dutch-flagged tanker near Norco, Louisiana. Watchstanders at Coast Guard Sector New Orleans received a report at approximately 1 a.m. Monday of a HFO
discharge from the foreign flagged vessel Iver Exporter near mile marker 126 on the Lower Mississippi River. 
The source of the discharge is reported to be secured.
https://bit.ly/2qXZiXx
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8. New Ways for Business
New ways of looking at already new ideas was the thrust of the appropriately named Global Perspectives: The Future of Shipping, a new event at Singapore Maritime Week 2018 where a panel sought to discuss the transformation taking place in the maritime
industry and possible disruption of current business models by players outside the industry.
https://bit.ly/2Kcjr4X
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9. Honam Arrives in Port
The Maersk liner vessel Maersk Honam, which was hit by a serious fire on March 6, is set to reach anchorage outside the Jebel Ali Port (UAE) on Tuesday, April 24, 2018, Maersk Line said. The fire, which broke out around 900
nautical miles southeast of Salalah, Oman, was put under control by Indian Coast Guard, however, several hotspots remain on board.
https://bit.ly/2vBvLs8
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10. World’s Biggest Ro-Ro
MV Celine, the world’s largest short sea Ro-Ro ship, was christened on Friday, April 20, in Dublin Port. With a capacity of 8,000 lane-meters, the super ferry, owned by Luxembourg-based CLdN, will be servicing Dublin Port
as part of the multi-million-euro ABR Project to futureproof Dublin Port. 
Under the program, work has started on three kilometers of new berths to welcome the new ships.
https://bit.ly/2Hmhz7R
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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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