Seacurus Daily: Top Ten Maritime News Stories 10/05/2018
1. Trade War Fears Emerge
BIMCOs president Anastasios Papagiannopoulos has called for China and the US to hold off from a trade war as data emerges of the potential hit container shipping could take from the escalating tit-for-tat between Washington
and Beijing. Papagiannopoulos, from Greek dry bulk firm Common Progress, said: The global shipping industry naturally gets concerned when two nations of huge importance…get in the ring to fight a trade war gloves
off. I am still hopeful that world trade will not implode and encourage the involved parties to avoid a brutal and harmful escalation that will affect the shipping industry badly.
and Beijing. Papagiannopoulos, from Greek dry bulk firm Common Progress, said: The global shipping industry naturally gets concerned when two nations of huge importance…get in the ring to fight a trade war gloves
off. I am still hopeful that world trade will not implode and encourage the involved parties to avoid a brutal and harmful escalation that will affect the shipping industry badly.
https://bit.ly/2jQ2ZeZ
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2. Shipping Eyes Trump Call
Tuesdays decision by President Donald Trump to withdraw the US from the 2015 Iran nuclear deal will have ramifications for the shipping sector. As flagged during his election campaign in 2016 the president decided to pull
out of the multi-party agreement, which he had labelled a horrible deal because he claimed it gave up too much to the Tehran authorities. When the deal was put in place three years ago the US and other major powers lifted
a number of sanctions and embargoes already imposed on Iran in return for that country reining in its civilian nuclear program in a verifiable fashion.
out of the multi-party agreement, which he had labelled a horrible deal because he claimed it gave up too much to the Tehran authorities. When the deal was put in place three years ago the US and other major powers lifted
a number of sanctions and embargoes already imposed on Iran in return for that country reining in its civilian nuclear program in a verifiable fashion.
https://bit.ly/2K7NNES
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3. Time Ticking on Sulphur
Time is fast running out for implementation by IMO member states of the 0.5% global sulphur in fuel cap by 1 January 2020, Esben Poulsson, chairman of the International Chamber of Shipping (ICS), has warned. While
ICS fully supports the objectives of the IMO cap, the overnight introduction of this regulatory game-changer will have enormous implications for ship operations. It will be vital to get the implementation right, Poulsson noted in the just published ICS annual
review.
ICS fully supports the objectives of the IMO cap, the overnight introduction of this regulatory game-changer will have enormous implications for ship operations. It will be vital to get the implementation right, Poulsson noted in the just published ICS annual
review.
https://bit.ly/2In82kX
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4. Beware in Libya
Leading marine insurer Gard warned that tanker operators should take care in planning voyages to Libya and should make sure that their crews are informed of the risk of arrest. According to Gard, almost 300 seafarers have
been arrested by the Tripoli-based government of Libya on charges of oil smuggling over the last several years, and they remain in prison awaiting trial. Black market petroleum smuggling is a serious problem in Libya, and as the government attempts to crack
down on illegal activity, foreign vessels may find themselves caught up in enforcement actions (whether they are aware of an alleged offense or not).
been arrested by the Tripoli-based government of Libya on charges of oil smuggling over the last several years, and they remain in prison awaiting trial. Black market petroleum smuggling is a serious problem in Libya, and as the government attempts to crack
down on illegal activity, foreign vessels may find themselves caught up in enforcement actions (whether they are aware of an alleged offense or not).
https://bit.ly/2rwkFQH
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5. Fear of Autonomous Ships
A survey by UK-based seafaring union Nautilus International has found a scepticism towards autonomous shipping and an overwhelming belief such vessels will be a threat to safety at sea. The survey of nearly 1,000 maritime
professionals from around the world puts a human perspective on the sweeping changes that autonomous shipping could bring to the industry. The survey found that the reaction of seafaring personnel and shoreside professionals
was generally cautious and largely sceptical, not unsurprisingly concerned about their jobs.
professionals from around the world puts a human perspective on the sweeping changes that autonomous shipping could bring to the industry. The survey found that the reaction of seafaring personnel and shoreside professionals
was generally cautious and largely sceptical, not unsurprisingly concerned about their jobs.
https://bit.ly/2G1RREd
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6. War of Tugs
The Panama Canal Authority (ACP) is not providing proper staffing and equipment for new larger locks, putting workers and safe shipping at risk, according to tug captains who escort NeoPanamax containerships and LNG carriers through the recently-expanded
Panama Canal. Rather than address safety issues that the tugboat captains and others say contributed to recent accidents, the ACP has now begun disciplinary proceedings for 22 Panama Canal tugboat captains who raised questions
about short-staffing and crew fatigue.
Panama Canal. Rather than address safety issues that the tugboat captains and others say contributed to recent accidents, the ACP has now begun disciplinary proceedings for 22 Panama Canal tugboat captains who raised questions
about short-staffing and crew fatigue.
https://bit.ly/2wrFBxc
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7. India Reports Port Growth
The major Indian ports collectively recorded a growth of 1.78 per cent during April, handling 56.81 million tonnes of cargo, said the Shipping Ministry. "The major ports in India have recorded a growth of 1.78% and together
handled 56.81 Million Tonnes of cargo during the period April 2018 as against 55.82 Million Tonnes handled during the corresponding period of previous year," said a press release from the government. The Nine Ports Kolkata
(including Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.
handled 56.81 Million Tonnes of cargo during the period April 2018 as against 55.82 Million Tonnes handled during the corresponding period of previous year," said a press release from the government. The Nine Ports Kolkata
(including Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.
https://bit.ly/2IaPH7a
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8. COSCO Business Cull
COSCO Shipping International (Singapore) has decided to dissolve a defunct subsidiary, namely Sanbo Shipping Limited, by deregistration. The company informed that the Hong Kong-incorporated subsidiary has been dissolved subsequent
to the scrapping of the vessel owned by Sanbo. The deregistration of Sanbo is not expected to have any material impact on the net tangible assets and earnings per share of the company for the financial year ending December
31, 2018, COSCO Shipping International said.
to the scrapping of the vessel owned by Sanbo. The deregistration of Sanbo is not expected to have any material impact on the net tangible assets and earnings per share of the company for the financial year ending December
31, 2018, COSCO Shipping International said.
https://bit.ly/2I9huov
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9. Ship Waste Position
For European ports, ship waste is an environmental priority, as indicated in the ESPO 2017 Sustainability Report. In its position paper on Port Reception Facilities Directive, ESPO welcomes the Commission proposal to build
upon the existing Directive. The existing Directive 2000/59 has contributed to decreasing significantly waste discharges at sea. The minimum fixed fee, which has to be paid by all ships calling at EU ports, regardless of whether they use the waste facilities
or of the quantities they deliver, has delivered. As a result, only 2.5% of oily waste is not delivered at waste facilities in ports.
upon the existing Directive. The existing Directive 2000/59 has contributed to decreasing significantly waste discharges at sea. The minimum fixed fee, which has to be paid by all ships calling at EU ports, regardless of whether they use the waste facilities
or of the quantities they deliver, has delivered. As a result, only 2.5% of oily waste is not delivered at waste facilities in ports.
https://bit.ly/2IwjgDB
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10. Ro-Ro Profit Surge
Norway-based maritime industry group Wilh. Wilhelmsen Holding ASA recorded a slight improvement in top line in the first quarter, despite challenging markets. In the first quarter, the total income for the Wilhelmsen group
was USD 211 million, a 3% increase from USD 205 million reported in the previous quarter, supported by stable or higher operating revenue within all three reporting segments. The companys net profit surged by 280% to
USD 142 million from USD 37 million seen in the quarter ended December 31, 2017.
was USD 211 million, a 3% increase from USD 205 million reported in the previous quarter, supported by stable or higher operating revenue within all three reporting segments. The companys net profit surged by 280% to
USD 142 million from USD 37 million seen in the quarter ended December 31, 2017.
https://bit.ly/2G2EB2a
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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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