Seacurus Daily: Top Ten Maritime News Stories 25/04/2018




Seacurus Daily: Top Ten Maritime News Stories 25/04/2018

1. Nigerian Maritime Cyber Scam
Network security firm Secureworks has identified a Nigerian threat group that appears to be focused solely on the maritime industry. The group, dubbed "Gold Galleon," uses basic email scams and publicly available hacking
software to try to steal hundreds of thousands of dollars from unsuspecting ship managers and service providers. The 
Gold Galleon is a group of about 20 individuals who work together to hack maritime firms all over the
world using basic techniques. They rent hacking tools for just a few dollars per month and they identify targets using online company directories and commercially-available contact lists. 
https://bit.ly/2vIqhvS
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2. Big Name in Frame
Vincent BollorĂ©, one of the most famous names in French maritime transport, has been taken in for questions by anti-corruption police near Paris. The police are believed to have questioned the billionaire about his business
dealings in Africa. 
The BollorĂ© Group has denied any irregularities. Prosecutors believe a BollorĂ© subsidiary helped two African presidents win power in return for lucrative contracts.
Two rival businesses took the group to court over the concessions.
https://bit.ly/2vIeHkB
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3. Shipping CEO Jailed
The former CEO of RussiaÂ’s largest shipping line has been sentenced to 12 years in prison in absentia for embezzling RUB8bn ($130m). Dmitry Skarga was the CEO of Sovcomflot for five years
through to 2005. His accomplices, ex-president of Novorossiysk Shipping Company (Novoship) Tagir Izmaylov and gang organizer Yury Nikitin, received 11 and 15 years in prison respectively. Additionally, a court ordered the defendantsÂ’ assets to be seized.
https://bit.ly/2HMmIcL
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4. LA Suing Dirty Ro-Ro
The city of Los Angeles is suing the owner, operator and charterer of the car carrier Istra Ace over a 2016 bunker spill that covered 70 acres of water and took two weeks to remediate.  In a civil suit filed in county court
on April 20, the city alleges that shipowner Istra Maritime, operator Stamco Ship Management and charterer Mitsui OSK are liable for the spill under state fish and game laws. A Coast Guard investigation concluded that the spill was caused by faulty piping
on board the Ace, and the agency estimated size of the release at about 265 barrels. 
https://bit.ly/2qX47kJ
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5. Baltic Code of Conduct
The Baltic Exchange will be introducing a modernized code of conduct for shipowners, charterers and ship brokers using the physical shipping and freight derivatives markets.  The Baltic Exchange is the world’s only independent
source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 640 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen
by the Baltic. Baltic Exchange members are responsible for a large proportion of all fixtures and the sale and purchase of merchant vessels. 
https://bit.ly/2KaIp4K
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6. Kidnap Crew Find
One of the twelve crewmembers of the freighter FWN Rapide who were believed to be kidnapped by Nigerian pirates has been found. On Monday night, a search of the vessel located the seafarer, who had been hiding on board since the pirates boarded. Dutch
shipowner ForestWave reported that the individual was "unharmed and in a healthy and good condition." The firm added that it still hasn’t had contact with the eleven abductees, but it said that "their safety and swift return remains the company’s main priority."
https://bit.ly/2vKyIXu
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7. Pooling and Big Data
By adjusting the coverage according to input from data analytics and a correct geographical positioned fleet, the Klaveness pools maintain its focus on giving members full market upside during the first quarter of 2018. The
Bulkhandling Supramax pool had a daily result of USD 10,850 in March, which is USD 975 above the SM10TC benchmark. The Baumarine Panamax pool delivered daily earnings of USD 12,675 which is USD 613 above the P5TC benchmark. The figures for the first quarter
2018 gives daily earnings of USD 10,000 for the Bulkhandling pool members and USD 12,600 for the Baumarine pool members.
https://bit.ly/2FeZyGJ
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8. Stress for Seafarers
We talk about feeling stressed when the pressures or demands of life get on top of us. We all feel stressed at times. Stress is not only normal but essential for survival and can be beneficial to us. Although stress has a
useful function, the effects of stress can be unpleasant or uncomfortable. If the stress is prolonged or repeated, many of the changes in our body can have longer term effects on our physical health and our wellbeing. 
For
all these reasons, it is important to recognise stress and take measures to manage it. A new audio relaxation exercise from the Shipowners Club combines two techniques which can help.
https://bit.ly/2HHg08b
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9. Cranes Head to New York
A heavy lift ship carrying four giant ship-to-shore cranes is at anchor off Brooklyn, New York awaiting the green light to pass below the Verrazano-Narrows Bridge and into the Port of New York and New Jersey. The cranes are
destined for APM TerminalsÂ’ facility in Port Elizabeth where they will eventually handle ultra-large containerships arriving from Europe and Asia via the Expanded Panama Canal. 
The cranes are arriving aboard the heavy
lift ship Zhen Hua 20 from Shanghai, China, where they departed a little over two months ago.
https://bit.ly/2HMndDF
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10. Job Losses in Pipeline
Heerema Offshore Contractors is exiting the pipelaying sector to focus on heavy lift, decommissioning and renewables, with the loss of 350 jobs. Heerema said it made the decision after a review early this year of the offshore
pipelay market, which it said was highly competitive and suffered from significant overcapacity. This continues a negative trend in the entire offshore and construction sector.
https://bit.ly/2r251vI
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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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