Seacurus Daily: Top Ten Maritime News Stories 26/04/2018
1. 19 Tankers Held in Yemen
Saudi Arabias ambassador to war torn Yemen Mohammed al-Jaber has claimed Houthi militias have detained 19 tankers and prevented them from entering Hodeidah port. The Yemen Comprehensive
Humanitarian Support Center (YCHO) is deeply concerned that the Iranian-backed Houthi militias are holding more than 19 tankers in the militia-controlled area of al-Mustaqaf, preventing them from entering the port, al-Jaber wrote in a tweet. The
Saudi envoy suggested the Houthis might target the 19 ships and destroy them. On April 3, a Saudi tanker was attacked by Houthi militants in international waters west of Hodeidah port.
Humanitarian Support Center (YCHO) is deeply concerned that the Iranian-backed Houthi militias are holding more than 19 tankers in the militia-controlled area of al-Mustaqaf, preventing them from entering the port, al-Jaber wrote in a tweet. The
Saudi envoy suggested the Houthis might target the 19 ships and destroy them. On April 3, a Saudi tanker was attacked by Houthi militants in international waters west of Hodeidah port.
https://bit.ly/2HYamfn
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2. MOL Looks to New Brand
Japans Mitsui O.S.K. Lines (MOL) has announced that it will expand its NVOCC business under the new unified brand name MOL Worldwide Logistics. Following a consolidation in both operation and management of its logistics
business in April, MOL is planning to establish a new company in Hong Kong to be the headquarters of the groups NVOCC business in July. The new company will centralise marketing, procurement, network operations, and global
account management under the new name to better serve both existing and new customers for its NVOCC service.
business in April, MOL is planning to establish a new company in Hong Kong to be the headquarters of the groups NVOCC business in July. The new company will centralise marketing, procurement, network operations, and global
account management under the new name to better serve both existing and new customers for its NVOCC service.
https://bit.ly/2FhLeNN
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3. New Digital Platform
The Baltic Exchange and Freightos, a digital container freight platform, have partnered to develop the world’s first global container freight index. The Freightos International Freight
Index reflects weekly spot rates for 40-foot containers based on 12 to 18 million price points collected every week on 12 main shipping trade lanes. It will be audited by the Baltic Exchange and republished as the Freightos Baltic Indices. This will also include
a new headline index the FBX Global Container Index (FBX) a weighted average of the 12 underlying route indexes, while setting the stage for derivative financial instruments in the future.
Index reflects weekly spot rates for 40-foot containers based on 12 to 18 million price points collected every week on 12 main shipping trade lanes. It will be audited by the Baltic Exchange and republished as the Freightos Baltic Indices. This will also include
a new headline index the FBX Global Container Index (FBX) a weighted average of the 12 underlying route indexes, while setting the stage for derivative financial instruments in the future.
https://bit.ly/2FiviLc
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4. Ifs Butts and Maybes
The Port of San Diego has embarked on a unique project to recycle a type of waste that is often left behind as litter cigarette butts. The Port is working with TerraCycle, a recycling company that has become a global leader
in recycling items such as used cigarette butts, coffee capsules and ocean plastic. The project will reduce the amount of discarded cigarette butts on Port tidelands and will help turn the waste into useful products.
The Port recently installed 31 cigarette butt receptacles purchased from TerraCycle around San Diego Bay, in Port parks and in other Port areas with heavy pedestrian traffic.
in recycling items such as used cigarette butts, coffee capsules and ocean plastic. The project will reduce the amount of discarded cigarette butts on Port tidelands and will help turn the waste into useful products.
The Port recently installed 31 cigarette butt receptacles purchased from TerraCycle around San Diego Bay, in Port parks and in other Port areas with heavy pedestrian traffic.
https://bit.ly/2vTja3E
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5. Maersk Embracing AI
Maersk Lines has hired a Boston-based automation firm to install "perception and situational awareness technology" on a new class of container ships. The firm, Sea Machines Robotics, will provide technology similar to an advanced driver assistance system
– the kind of high-end cruise control found in top-end luxury cars today. To "see" the traffic environment, it will use computer vision, LIDAR and perception software, and it will be deployed to "augment and upgrade transit operations."
– the kind of high-end cruise control found in top-end luxury cars today. To "see" the traffic environment, it will use computer vision, LIDAR and perception software, and it will be deployed to "augment and upgrade transit operations."
https://bit.ly/2HOU8HX
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6. Vessel Hits Pier
On Tuesday night, a vessel collided with a pier at Puerto General San Martín, Argentina, damaging terminal infrastructure and sending two workers into the water. The incident occurred at a giant grain and liquid bulk facility
on the Parana river. Video shows the collapse of a loading equipment after impact, and local media reported that two workers fell into the river. Both were rescued, and Guillermo Wade, the manager of Argentina’s Chamber of Port and Maritime Activity, told
Reuters that one worker suffered minor injuries. He reported that T6’s north dock sustained serious damage, but the south dock remains operational.
on the Parana river. Video shows the collapse of a loading equipment after impact, and local media reported that two workers fell into the river. Both were rescued, and Guillermo Wade, the manager of Argentina’s Chamber of Port and Maritime Activity, told
Reuters that one worker suffered minor injuries. He reported that T6’s north dock sustained serious damage, but the south dock remains operational.
https://bit.ly/2JuIIGp
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7. Investing Responsible Standards
The German bank KfW IPEX-Bank has become the first German bank to join the Responsible Ship Recycling Standards initiative. With a lending volume of EUR 13.9 billion ($17 billion) in 2017, KfW IPEX-Bank is one of the top
five ship financiers in the world, and, by joining the initiative, highlights that it is setting high standards for the environmental and social compatibility of its financing. At the end of May 2017, ABN Amro, ING and
NIBC established the Responsible Ship Recycling Standards. The initiative now has eight members worldwide, with Nordea, DNB, SEB and Export Credit Norway having also joined.
five ship financiers in the world, and, by joining the initiative, highlights that it is setting high standards for the environmental and social compatibility of its financing. At the end of May 2017, ABN Amro, ING and
NIBC established the Responsible Ship Recycling Standards. The initiative now has eight members worldwide, with Nordea, DNB, SEB and Export Credit Norway having also joined.
https://bit.ly/2r0ADCC
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8. Huge Drug Haul
Spanish authorities seized nearly nine tons of cocaine found in a container on board a ship at the port of Algeciras. So far five people have been arrested in connection to the shipment. Officials
with Spains Customs Department said investigators seized a total of 8,740 kilograms of the drug discovered hidden in a container of bananas from Colombia on the containership Lucie Schulte.
with Spains Customs Department said investigators seized a total of 8,740 kilograms of the drug discovered hidden in a container of bananas from Colombia on the containership Lucie Schulte.
https://bit.ly/2r09nnA
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9. Singapore Invests to Grow
Singapore on Wednesday announced a $1.1 billion plan to expand and modernise its port, the worlds second-biggest, but which is in fierce competition with several Chinese harbours including Shanghai, Shenzhen and Guangzhou. The
Maritime and Port Authority of Singapore (MPA) said it has awarded a project worth S$1.46 billion ($1.10 billion) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Koreas Hyundai Engineering and Construction.
Maritime and Port Authority of Singapore (MPA) said it has awarded a project worth S$1.46 billion ($1.10 billion) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Koreas Hyundai Engineering and Construction.
https://bit.ly/2HZ5tTd
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10. EU Dangles Carrot
The European Union could offer Britain a closer relationship after Brexit if Prime Minister Theresa May decides to stay in the blocs customs union, diplomats said. The EU hopes London could change its stance on what ties
it wants after Brexit after Britains upper house of parliament challenged the government on a key bill relating to Mays plan to quit the customs union.
it wants after Brexit after Britains upper house of parliament challenged the government on a key bill relating to Mays plan to quit the customs union.
https://bit.ly/2KfxRBf
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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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