Seacurus Daily: Top Ten Maritime News Stories 01/05/2018
1. Hostage Seafarers to be Paid
A working committee of the International Labor Organization has endorsed an amendment to the Maritime Labor Convention that would ensure the payment of seafarers’ wages while they are held captive by pirates. At
present, according to the ITF, there is a potential contractual gap for seafarers who are unlucky enough to be kidnapped by pirates. Under the amendment, seafarers and their families would continue to benefit from contractual wages during the period of captivity,
"regardless of whether the date fixed for [contract] expiry has passed or either party has given notice to suspend or terminate it."
present, according to the ITF, there is a potential contractual gap for seafarers who are unlucky enough to be kidnapped by pirates. Under the amendment, seafarers and their families would continue to benefit from contractual wages during the period of captivity,
"regardless of whether the date fixed for [contract] expiry has passed or either party has given notice to suspend or terminate it."
https://bit.ly/2I2DSDm
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2. Port Workers Strike
Workers are planning a strike on May 11, shutting down all Italian ports for the day, citing a need to improve safety. The strike is focusing on self-handling, where a ships crew loads or lashes cargo, which the unions says
has caused three fatal accidents at Italian ports this year. Lashing is dockwork and abuses must be sanctioned, the dockers section of the European Transport Workers Federation said on its Twitter account over the
weekend.
has caused three fatal accidents at Italian ports this year. Lashing is dockwork and abuses must be sanctioned, the dockers section of the European Transport Workers Federation said on its Twitter account over the
weekend.
https://bit.ly/2KqeDcs
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3. ONE Seeks Savings
Japanese shipping groups K Line, MOL and NYK, now operating as the Ocean Network Express (ONE) joint-venture, have unveiled their business plan, identifying more than $1bn a year in expected synergy cost savings. The
three carriers have signed off their final annual accounts covering the period before the transfer of their container businesses on 1 April. Henceforth, the Japanese trio will record container earnings through their equity
in ONE, in which NYK holds a 38% stake and K Line and MOL a 31% share each.
three carriers have signed off their final annual accounts covering the period before the transfer of their container businesses on 1 April. Henceforth, the Japanese trio will record container earnings through their equity
in ONE, in which NYK holds a 38% stake and K Line and MOL a 31% share each.
https://bit.ly/2wa5lyj
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4. End to Shipping Subsidies
Maersk’s CEO called on governments to stop subsizing shipping lines, asserting that public assistance is putting too much capacity on the water and undercutting profitability. "I don’t think any government needs to throw
money at container shipping, building ships that are not needed . . . for companies who [are] not profitable and who do not have a profitable business model," AP Moller-Maersk CEO Søren Skou said in an address at Singapore Maritime Week. "In my mind there
is no longer anything strategic about governments investing in shipping."
money at container shipping, building ships that are not needed . . . for companies who [are] not profitable and who do not have a profitable business model," AP Moller-Maersk CEO Søren Skou said in an address at Singapore Maritime Week. "In my mind there
is no longer anything strategic about governments investing in shipping."
https://bit.ly/2HJKwuT
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5. Wrangling Ice Bergs
Marine salvage experts are floating a plan to tug icebergs from Antarctica to South Africas drought-hit Cape Town to help solve the regions worst water shortage in a century. Salvage master Nick Sloane told Reuters he was
looking for government and private investors for a scheme to guide huge chunks of ice across the ocean, chop them into a slury and melt them down into millions of liters of drinking water. We want to show that if there
is no other source to solve the water crisis, we have another idea no one else has thought of yet, said Sloane, who led the refloating of the capsized Italian passenger liner Costa Concordia.
looking for government and private investors for a scheme to guide huge chunks of ice across the ocean, chop them into a slury and melt them down into millions of liters of drinking water. We want to show that if there
is no other source to solve the water crisis, we have another idea no one else has thought of yet, said Sloane, who led the refloating of the capsized Italian passenger liner Costa Concordia.
https://bit.ly/2jiKwY0
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6. Study of Antarctic
The U.S. and the UK are launching a multi-year, $25 million joint research campaign to study the Thwaites Glacier, a giant Antarctic ice sheet that has sped up its motion in recent years. Scientists are concerned that if
Thwaites and an adjacent, similar ice sheet were to collapse, it would raise sea levels by up to three feet. The Thwaites Glacier already accounts for about four percent of global sea level rise – an amount that has doubled since the mid-1990s. Several studies
have concluded that it is only a matter of time – very roughly, about 200-1000 years – before Thwaites and other nearby glaciers disappear into the sea.
Thwaites and an adjacent, similar ice sheet were to collapse, it would raise sea levels by up to three feet. The Thwaites Glacier already accounts for about four percent of global sea level rise – an amount that has doubled since the mid-1990s. Several studies
have concluded that it is only a matter of time – very roughly, about 200-1000 years – before Thwaites and other nearby glaciers disappear into the sea.
https://bit.ly/2jhzphQ
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7. Shippers Emulating Uber
Allcargo Logistics Ltd. is emulating Uber Technologies Inc. to boost its business of sharing marine containers. A unit of the Mumbai-based Allcargo, ECU Worldwide, which aggregates orders from clients, plans to use Ubers
model to make it easier for clients to book marine freight. Allcargo, which reported a drop in profit in four of the past five quarters, is betting on technology to revive volumes and take on overseas rivals such as DHL
Worldwide Express in Asias third-largest economy. The nation jumped 19 positions to 35 in the World Banks logistics performance including infrastructure, customs and timeliness.
model to make it easier for clients to book marine freight. Allcargo, which reported a drop in profit in four of the past five quarters, is betting on technology to revive volumes and take on overseas rivals such as DHL
Worldwide Express in Asias third-largest economy. The nation jumped 19 positions to 35 in the World Banks logistics performance including infrastructure, customs and timeliness.
https://bit.ly/2I4UfPD
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8. Chinese Pollution Spot Checks
West of England P&I Club has warned that the Chinese authorities have been conducting spot checks on arriving vessels to ensure that they have valid Ship Pollution Response Organisation (SPRO) agreements in place. Chinese
regulations have required since 2012 that any ship carrying polluting and/or hazardous cargoes in bulk, or vessels above 10,000 GT enter into a pollution clean-up contract with a competent SPRO before it enters a China port. The
International Group has also published various standard documents to assist members in meeting the requirements, including a recommended SPRO agreement wording.
regulations have required since 2012 that any ship carrying polluting and/or hazardous cargoes in bulk, or vessels above 10,000 GT enter into a pollution clean-up contract with a competent SPRO before it enters a China port. The
International Group has also published various standard documents to assist members in meeting the requirements, including a recommended SPRO agreement wording.
https://bit.ly/2rctlem
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9. Singaporeans Welcome Tonnage
Singapore-based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, according to valuation platform VesselsValue.com. The previous record was in 2008 at the peak of the asset value spike. A large number of
market participants have placed orders for a wide variety of ship types, and the chart above includes all major vessel segments from offshore to VLCCs, it added. There will be some slipping in these planned orders as market weakness
persists in the tanker and offshore segments, but even with this considered 2018 should be a bumper year.
market participants have placed orders for a wide variety of ship types, and the chart above includes all major vessel segments from offshore to VLCCs, it added. There will be some slipping in these planned orders as market weakness
persists in the tanker and offshore segments, but even with this considered 2018 should be a bumper year.
https://bit.ly/2HIsZmu
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10. New Operations Approach
Leading ship management firm OSM is in the final stages of completing a Singapore-based Maritime Operations Centre that will transform decision-making, efficiency and performance for its global customer base, while highlighting a new, sustainable path
forward for the industry. The facility, developed in partnership with Azendian Solutions, a Singapore based analytics company, will initially allow OSM to connect all its data sources around the world. In the near future, the
operations centre will also be a maritime innovation hub, with plans to develop game-changing technologies through an ecosystem of digital partnerships.
forward for the industry. The facility, developed in partnership with Azendian Solutions, a Singapore based analytics company, will initially allow OSM to connect all its data sources around the world. In the near future, the
operations centre will also be a maritime innovation hub, with plans to develop game-changing technologies through an ecosystem of digital partnerships.
https://bit.ly/2KqeVQt
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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
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