Seacurus Daily: Top Ten Maritime News Stories 02/05/2018




Seacurus Daily: Top Ten Maritime News Stories 02/05/2018

1. No Labour on Labour Day
Greek shipping was in shutdown on May Day. A 24-hour strike by Greek seamen to mark Labour Day paralysed shipping across the country. “We are raising a voice of protest and demand the immediate
resolution of the pension issue, the withdrawal of the reduced special crew compositions with the abolition of Law 4150/2013, the signing of collective agreements, the measures to tackle unemployment and the prompt and correct payment of due earnings to crews,”
an announcement from the Panhellenic Seamen’s Federation stated. 
The Panhellenic Union of Tugs and Lifeguards, as well as dockworkers, participated in the strike.
https://bit.ly/2HJInPJ
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2. China Coal Imports Decimated
In a bid to boost boost domestic thermal coal prices and production, China has imposed restrictions on coal imports at certain ports in south and eastern China, including Xiamen, Quanzhou, Meizhou, Fangcheng, Zhoushan, and Ningbo among others. The restrictions
have come in various forms, from a total ban on berthing and unloading of imported coal, to the tightening of customs clearance procedures and the bans are already becoming visible in terms of shipments. The restrictions have seen China’s seaborne coal imports
fall by around 30%.
https://bit.ly/2I3NC01
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3. Europe Losing Crude Battle
Europe’s oil refineries are increasingly missing out on Russian crude as the world’s biggest energy producer directs more and more barrels by pipeline to China. Russia will ship an average
of 19 percent less crude through its main ports on the Baltic and Black Seas in the first five months of 2018 compared with a year earlier, according to loading plans obtained by Bloomberg. Meanwhile piped flows to China soared 43 percent in the first three
months, the most recent data from state operator Transneft PJSC show.
https://bit.ly/2rarrvE
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4. Giant Refinery Purchase
Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing U.S. fuel export markets. The
United States has become the world’s top fuel exporter, shipping more than 3 million barrels per day (bpd) of gasoline and diesel. Refiners have capitalized on booming output from shale fields in Texas and North Dakota and are building out export terminals
and processing facilities.
https://bit.ly/2JIy8M6
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5. Leap in Gas Transits
The Panama Canal has welcomed the inaugural transit of the LNG Sakura as it carried the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the United States to Japan – a landmark voyage further reshaping the face of
global gas trades. The transit, which occurred this past weekend, marks the beginning of a new LNG commercial route between the US and Asia from the recently inaugurated Dominion Cove Point terminal in Maryland, the second American
LNG export terminal to come online after Sabine Pass began operations in 2016.
https://bit.ly/2rdPCJi
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6. Next Chapter for MLC
During discussions at the ILO in Geneva, the Seafarers Group and the Ship Owners Group jointly submitted three resolutions to draw the attention and to call for action by the Governments on vital issues, like the facilitation of shore leave for seafarers
and seafarer abandonment. The Seafarers Group has also tabled a resolution concerning the decent work in the inland navigation sector, drawing the attention on the importance of internal waterways as a sustainable mode of transport
for both of cargo and passengers, calling for the ILO to consider convening a sectoral meeting to discuss decent work in the inland navigation sector.
https://bit.ly/2I7f8d5
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7. Baltic on the Slide
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Tuesday, hurt by weaker rates across all vessel segments. The overall index, which
factors in rates for capesize, panamax and supramax shipping vessels, was down 14 points, or 1 percent, at 1,327 points. 
The capesize index lost 37 points, or 1.7 percent, to end at 2,136 points. Average daily earnings for
capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were down $286 to $16,890.
https://bit.ly/2JGBCi6
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8. Taiwan Looks to Wind
Taiwan announced the results of its first major offshore wind farm auction on Monday with Germany’s wpd awarded one GW of capacity and Ørsted 900MW. The nation aims to add 3.8GW of capacity to its existing network of just eight MW.  As
a result of the auction, Ørsted’s 605MW Changhua 1 and 295MW Changhua 2 projects are expected to be operational in 2021. These will be the first large-scale commercial offshore wind projects in Taiwan’s Changhua region and will connect 900MW into Changhua’s
total available grid capacity of 1,000MW.
https://bit.ly/2jjYCbv
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9. Leasing Box Trend
The move towards container leasing and away from carrier ownership continues unabated and the leased fleet now has a clear majority over that owned by transport operators, according to the latest edition of the Container Census & Leasing and Equipment
Insight published by global shipping consultancy Drewry.
Leasing companies accounted for 55% of container purchases in 2017, which continues the trend seen for most of this decade. With the fleet of containers owned by transport operators growing by a mere 2.4%, the leased fleet
added 6.7% and the share owned by lessors is now nearing 52%. 
 https://bit.ly/2HMgKFS
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10. Surfer Breaks World Record
Brazilian surfer Rodrigo Koxa has set a new world record for the biggest wave ever surfed. The record-setting ride took place last November when Koxa was towed into wave measuring a massive 80 feet tall during an enormous swell
at Praia de Norte in Nazaré, Portugal. 
The record-setting ride has been confirmed by the Guinness Book of World Records and earned 38-year-old Koxa the Quiksilver XXL Biggest Wave Award, which was presented to Koxa over
the weekend.
https://bit.ly/2HLx4GC
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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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