Seacurus Daily: Top Ten Maritime News Stories 04/05/2018

Seacurus Daily: Top Ten Maritime News Stories 04/05/2018

1. Tankers In Torrid Time
VLCC spot earnings have slumped to near record lows of just $6,000 a day for the first months of the year, according to data from BIMCO. With a host of analysts warning there is plenty more pain in store for tanker owners in
2018. It estimated that break even levels for VLCCs are in the region of $22,000 a day – meaning that ships tied up in the current trading environment are losing as much as $16,000 per day – and VLCC availablity is outstripping modest demands.

2. Canal to Increase Draft
The Panama Canal is to increase the maximum allowable beam for vessels transiting the Neopanamax Locks. According to the Panama Canal Authority’s advisory, the maximum beam for commercial and non-commercial vessels acceptable
for regular transits in the Neopanamax locks will be 51.25 meters (168.14 feet) from June 1, 2018. 
Based on levels of Gatun Lake, in late April the authority set the maximum authorized draft for vessels transiting the Neopanamax
locks at 14.63m (48 feet) Tropical Fresh Water (TFW).
3. GPS Disruption Concerns
Since March 23, the U.S. Maritime Administration has issued three alerts for reports of GPS disruption in the eastern Mediterranean. During the same period, and in the same area, Russia and its allies have conducted very high
levels of jamming of GPS and other western electronic systems as part of the on-going conflict in Syria.  
While no formal maritime alerts have been posted for the Black Sea, the non-profit Flight Services Bureau in partnership
with the Airline Cooperative has issued warnings about chronic GPS disruptions in Turkey and Ukraine.
4. Two Become ONE
Two newbuild containerships being built for Japan’s new Ocean Network Express shipping joint venture have emerged with a fresh new pink paintjob. The Ocean Network Express, or ONE as it is known for short, was established 2017
through the integration of the container businesses of major Japanese shipping companies “K” Line, Mitsui O.S.K. Lines (MOL) and NYK.  
ONE began operations on April 1, 2018 with a fleet of about 240 vessels and a combined
capacity of 1,440,000 TEU, ranking it as the 6th largest container shipping company with approximately 7% of global share.
5. Larger Ships Missing Feeders
The phasing in of the new ultra large containerships in 2018-2020 is not matched by a commensurate injection of feeder tonnage, suggesting either an ordering spree of such vessels or a feeder shortage, SeaIntel Maritime Analysis said. The
larger vessels tend to result in a reduction of service frequency in the major trades to balance supply and demand. This leads to a situation where the networks with lower service frequency will continue to depend on feedering services – potentially even an
increased transhipment incidence owing to the lower service frequency.
6. Cleaning Up Shipping Foodchain
Alibaba and four Australian and New Zealand companies introduced a food-tracing system based on blockchain technology. The Food Trust Framework will use an immutable central ledger to provide end-to-end supply-chain traceability
and transparency designed to enhance consumer confidence and build a trusted platform for cross-border trade. 
Alibaba’s cross-border marketplace Tmall Global now incorporates controls to manage the supply-chain process including
blockchain technology and product tagging with unique QR codes.
7. Helping Cruise Crews in Port
Maritime charity Liverpool Seafarers Centre has struck a deal to provide support to thousands of cruise ship crew for the third successive year at a special base at Liverpool Cruise Terminal. CEO John Wilson said it has reached
agreement with Liverpool City Council and the cruise terminal to operate a support center from a converted shipping container. The container has been donated by Maersk and is positioned on the terminal near Princes Parade.
8. Port Growth in Tough Region
Despite Somalia’s protestations, DP World and Somaliland are set to expand Berbera port. Some in the neighbourhood are excited. Others are worried. Despite officially being banned from operating in Somalia this March, DP World
is set to begin a project later this year that could have far-reaching implications for the region, both economically and politically.
9. Huge Drug Haul Found
More than one ton of cocaine hydrochloride was seized when it was transported in a boat by four drug traffickers, among them a Costa Rican, from the general area of Buenaventura to Central America. The units of the Pacific
Naval Force detected the suspicious vessel when it sailed about 40 miles from the coast of the municipality of Buenaventura. The four crew members of the boat tried to flee when they noticed the presence of the National Navy, without any success. 
the inspection of the vessel, 38 packages with substances similar to the alkaloid were found in the front of the vessel (bow).
10. Fighting off the Drone Plague
Aerial drones have made major advances in endurance, range and payload capacity over recent years while prices have continually plummeted, leading to a proliferation of drones expected to reach 12 million by 2020. This trend,
some believe, means aerial drones will pose an even greater threat to the safety and security of commercial shipping vessels. 
To help combat this emerging threat, U.K. based Martek Marine has developed a maritime drone detection
and defeat system called D-FENCE.

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