Seacurus Daily: Top Ten Maritime News Stories 27/04/2018

Seacurus Daily: Top Ten Maritime News Stories 27/04/2018

1. Gas Problems Ahead
The International Transport Forum (ITF), which is part of the OECD, has questioned the role of LNG as the future fuel for shipping. In a 38-page report issued this week that looks at Japanese LNG bunkering potential, the
ITF stated that a broad uptake of LNG as a ship fuel remains an “open-ended question”.
“Due to the high costs of investing in a new fleet, ship owners might prefer to change only the type of fuel or invest in scrubbers to be installed on the ship, i.e. when the construction costs are much more important than
the difference in fuel costs,” the report, penned by the ITF’s transport expert Olaf Merk stated.
2. Maersk Cleaning Up
AP Moller Maersk ceo Soren Skou believes that best solution for meeting the International Maritime OrganizationÂ’s (IMO) 0.5% sulphur cap is for refineries to provide low sulphur to shipping. Speaking at the 12th Singapore
Maritime Lecture on Thursday Skou noted that there were multiple options available to the industry to comply with the new regulation including low sulphur fuel, scrubbers, and alternative fuels such as LNG.
3. Family Fortunes
Dry bulk operator Norvic Shipping is ramping up its organisation in line with the increasing fortunes finally seen in the sector. Mudit Paliwal joined the company in November last year
as president and COO, based in Copenhagen. Paliwal is a protégé of Harry Banga, the famous Hong Kong-based commodities tycoon. Paliwal’s career includes time at Noble Group and Caravel Group, both under the tutelage of Banga, as well as an interim stint at
Panacore in Dubai.

4. All About AI
Maersk has selected Boston-based Sea Machines Robotics to trial perception and situational awareness technology aboard one of the companyÂ’s newbuild containerships. The companies claim that the installation marks the first
time computer vision, light detection and ranging (LiDAR) and perception software will be utilised aboard a container vessel to augment and upgrade transit operations.
5. Swoop to Save Ship
A judge has halted the striking-off of five vessels from MaltaÂ’s flag state shipping register because of their part-ownership by ex-footballer Darren Debono, saying the measure would be “draconian and premature.” Debono is
currently in the custody of the Italian authorities after he was arrested in connection with a fuel smuggling operation. 
The shipping vessels MV Marie De Lourdes I through V belong to World Water Fisheries, of which Debono
is a shareholder.
6. Mass Flow Demand
SingaporeÂ’s Maritime Port Authority (MPA) is set to announce it is making use of mass-flow-meters (MFM) mandatory onboard marine gasoil barges used to refuel large ships, two people with knowledge of the matter said. The
announcement will be made at a gala dinner in the city state organised by the International Bunker Industry Association (IBIA) later on Thursday, the people said. They spoke on condition of anonymity because they were not authorised to speak to the media.
7. Gas Now Autonomy Later
Royal Boskalis Westminster joint venture Keppel Smit Towage has named its first LNG dual-fuel harbor tug – the first such tug in the port of Singapore and Southeast Asia. Keppel O&M is currently building a further six dual-fuel
vessels and also signed a Memorandum of Understanding with the Maritime Port Authority of Singapore (MPA) and the Singapore Technology Centre for Offshore and Marine this week to jointly develop autonomous tugs for a variety of applications including harbor
operations such as channeling, berthing, mooring and towing operations.
8. All Set for Auction
A ship with a chequered past is set for auction. The Rena, a 2011-built kamsarmax bulker, has been arrested in Sri Lankan waters and is now set to be auctioned within the next two months. The vessel, which European shipping
database Equasis states is owned by GermanyÂ’s Orion Reederei, was banned by Australian authorities last August for six months for a number of serious deficiencies including failure to pay more than $53,000 in outstanding crew wages.

9. Rapid Industry Change
With the rapid pace of change in the liner industry, technology is an essential and useful way to address the new demands, Ocean Network Express (ONE) ceo Jeremy Nixon told the opening session of the Singapore Maritime Technology Conference. ONE
sees two main ways technology can be applied. Firstly to improve the customer experience through improvements in supply chain visibility and better inventory control, and secondly to improve the companyÂ’s own processes and efficiency.
10. Massive Cruise Profits
Miami-based cruise liner conglomerate Royal Caribbean Cruises ended the first quarter of 2018 with a further rise in its earnings. RCL delivered a profit of USD 218.7 million in Q1 2018, an increase of 1.9 percent when compared
to a profit of USD 214.7 million seen in the same period a year earlier.

Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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