Seacurus Daily: Top Ten Maritime News Stories 09/05/2018
1. Chinese Collision Dispute
Chinese officials have refused to confirm that a Hong Kong-flagged bulker was to blame for the worst tanker accident this decade. All 32 crew onboard NITCs Sanchi crude tanker died following
a collision with Chinese controlled CF Crystal on January 6 this year that sparked a massive explosion on the Iranian ship and its sinking eight days later with huge damage to the local environment in the East China Sea. The ship was carrying 136,000 tonnes
of crude to South Korea when the accident happened. The bulker, which suffered a gash to its bow, was detained in Ningbo for investigations in January.
a collision with Chinese controlled CF Crystal on January 6 this year that sparked a massive explosion on the Iranian ship and its sinking eight days later with huge damage to the local environment in the East China Sea. The ship was carrying 136,000 tonnes
of crude to South Korea when the accident happened. The bulker, which suffered a gash to its bow, was detained in Ningbo for investigations in January.
https://bit.ly/2ruFvzq
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2. Brexit Fears Surface
The Port of Dover and the British Chamber of Commerce have warned UK businesses that they need to do more to prepare for possible delivery delays post-Brexit after a survey found that one in three had not yet made plans to cope with customs changes when
the UK leaves the European Union in March 2019.
the UK leaves the European Union in March 2019.
A survey of 835 businesses across the UK published last week found that more than a third of traders relied on just-in-time delivery of goods, 33% of all businesses still had not made plans for possible changes to checks and declarations between the
UK and EU. Richard Christian, head of policy and communications at the Port of Dover, said that for the sake of UK plc, it is vital that fluidity at Dover and throughout the supply chain is maintained. He warned that there was no substitutable capacity
elsewhere that can handle the type and volume of goods.
UK and EU. Richard Christian, head of policy and communications at the Port of Dover, said that for the sake of UK plc, it is vital that fluidity at Dover and throughout the supply chain is maintained. He warned that there was no substitutable capacity
elsewhere that can handle the type and volume of goods.
https://bit.ly/2jIoMVJ
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3. Trump Backs Sanctions
Irans exports of oil to China, Europe and other countries will decline later this year and into 2019 if the United States can enforce President Donald Trumps decision to reimpose the highest level of economic sanctions
targeting oil trade with Iran. Refining company sources said Asias petroleum refiners have shifted purchases to other exporters in preparation for the renewal of U.S. sanctions against OPEC member Iran, which currently
exports about 2.5 million barrels of oil a day, with China, India and other Asian nations the primary customers.
targeting oil trade with Iran. Refining company sources said Asias petroleum refiners have shifted purchases to other exporters in preparation for the renewal of U.S. sanctions against OPEC member Iran, which currently
exports about 2.5 million barrels of oil a day, with China, India and other Asian nations the primary customers.
https://bit.ly/2I6M5Tw
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4. Shipping Costs Set to Rise
Restrictions on sulphur emissions in marine fuels could increase annual fuel costs for the shipping industry by between $50bn and $60bn. This would include $10bn for the containers sector alone, according to AP Moller-Maersk CEO Soren Skou, speaking after
delivering the Singapore Maritime Lecture. Skou said that he favoured a greater use of cleaner fuels in the near term rather than other options, such as LNG and scrubbers. He hinted at a ban from 2020 on the movement of ships
using higher sulphur fuel oil (HSFO) if they do not install scrubbers the date that the new global cap of 0.5% sulphur will be implemented.
delivering the Singapore Maritime Lecture. Skou said that he favoured a greater use of cleaner fuels in the near term rather than other options, such as LNG and scrubbers. He hinted at a ban from 2020 on the movement of ships
using higher sulphur fuel oil (HSFO) if they do not install scrubbers the date that the new global cap of 0.5% sulphur will be implemented.
https://bit.ly/2I1jpiP
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5. Smart Steering Systems
Japans Mitsui OSK Lines (MOL), one of the worlds largest shipowners, has teamed up with shipbuilder Kawasaki Heavy Industries (KHI) to enhance vessel reliability and energy-saving operations by an enhanced vessel steering gear with new sensing capabilities
and big data analysis. The project focuses on control of the steering gear installed on a very large crude carrier (VLCC), which is under construction at KHI. It is intended to develop KHI-made steering gear equipped with sensors
that monitor pressure, flow rate, temperature of hydraulic oil, consumed power and so on, and high-speed data acquisition systems.
and big data analysis. The project focuses on control of the steering gear installed on a very large crude carrier (VLCC), which is under construction at KHI. It is intended to develop KHI-made steering gear equipped with sensors
that monitor pressure, flow rate, temperature of hydraulic oil, consumed power and so on, and high-speed data acquisition systems.
https://bit.ly/2FWqQ5h
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6. Taking Responsibility
Lieutenant junior grade Sarah Coppock, the officer of the deck at the time of the USS Fitzgerald’s collision with the ACX Crystal last June, has pled guilty to charges of dereliction of duty. In a court-martial hearing Coppock
was sentenced to a letter of reprimand and the forfeiture of half her pay for three months. Not a day goes by where I havent thought about what I could have done differently, she said in an emotional statement. There is nothing I can do now but take responsibility. According
to a Navy charge sheet, Coppock failed to communicate; to report contacts; to operate safely; and to alert the destroyer’s crew.
was sentenced to a letter of reprimand and the forfeiture of half her pay for three months. Not a day goes by where I havent thought about what I could have done differently, she said in an emotional statement. There is nothing I can do now but take responsibility. According
to a Navy charge sheet, Coppock failed to communicate; to report contacts; to operate safely; and to alert the destroyer’s crew.
https://bit.ly/2jJ2Slh
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7. Basics for Bulkers
Bulk carrier owners were advised in a report Wet Damage on Bulk Carriers just issued by The Swedish Club that paying extra attention to the basics could save the owner from a severe loss at a later date. The Club said
that, for bulk carrier operators, wet damage was the most costly claim type. It was the second-most common claim that they experienced. The report, prepared in conjunction with DNV GL and MacGregor, identified heavy weather
and leaking hatch covers as both the most common and the most costly type of wet damage claim. The average cost for a wet damage cargo claim was nearly $110,000.
that, for bulk carrier operators, wet damage was the most costly claim type. It was the second-most common claim that they experienced. The report, prepared in conjunction with DNV GL and MacGregor, identified heavy weather
and leaking hatch covers as both the most common and the most costly type of wet damage claim. The average cost for a wet damage cargo claim was nearly $110,000.
https://bit.ly/2FYc2mt
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8. Origin of Cargo Blockchain
The worlds first blockchain-based platform for electronic certificates of origin (eCOs) was unveiled in Singapore on Tuesday. The platform is the result of a partnership between the Singapore International Chamber of Commerce
(SICC) and Singapore-based vCargo Cloud. As the first chamber in the world to implement blockchain-based eCOs, SICC seeks to provide its members and trade-related agencies, including trade financing and insurance firms, with a system that offers higher security,
efficiency and flexibility. The platform aims to vastly improve transparency, security and efficiency in authenticating trade documents.
(SICC) and Singapore-based vCargo Cloud. As the first chamber in the world to implement blockchain-based eCOs, SICC seeks to provide its members and trade-related agencies, including trade financing and insurance firms, with a system that offers higher security,
efficiency and flexibility. The platform aims to vastly improve transparency, security and efficiency in authenticating trade documents.
https://bit.ly/2jJBJic
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9. Box Ship Hits Ferries
A Hapag-Lloyd containership allided with three moored ferry boats upon entering the Port of Santos, Brazil on Sunday, causing extensive damage. According to local media, the containership Santos Express was inbound at the
port when it veered from the main shipping lane and allided with the ferries at around 8:30 p.m. A video showing the ship filmed from shore was posted online.
port when it veered from the main shipping lane and allided with the ferries at around 8:30 p.m. A video showing the ship filmed from shore was posted online.
https://bit.ly/2ru0piF
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10. Navios Swoops for Ships
Monaco-based container shipping company Navios Maritime Containers has agreed to purchase three containerships for a price of USD 117.25 million. The company will acquire two 8,204 TEU containerships, the YM Utmost and the
YM Unity, for USD 67 million from Navios Maritime Partners. The two vessels are chartered out at a net daily charter rate of USD 34,266 until August 2018 and October 2018, respectively. The third, the 10,000 TEU ship,
was purchased for USD 50.25 million from a third party. Navios Containers said that the vessel is time chartered out at a net daily charter rate of USD 26,663 until March 2019.
YM Unity, for USD 67 million from Navios Maritime Partners. The two vessels are chartered out at a net daily charter rate of USD 34,266 until August 2018 and October 2018, respectively. The third, the 10,000 TEU ship,
was purchased for USD 50.25 million from a third party. Navios Containers said that the vessel is time chartered out at a net daily charter rate of USD 26,663 until March 2019.
https://bit.ly/2wsVjZ4
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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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