Seacurus Daily: Top Ten Maritime News Stories 22/05/2018
1. Seaborne Trade Rocketing
Global seaborne trade is projected to rise to over 12bn tonnes in 2018, working out at 1.57 tonnes for every person on the planet, according to data carried in the latest weekly report from Clarkson Research. This
aggregate per capita figure is up almost 70% on two decades ago, during which time the worlds population has risen by 27%. Global seaborne trade has nearly doubled since the turn of the century and in the consensus view,
looks likely to continue on an upwards path in the long term, analysts at Clarkson Research wrote, noting that strongest growth in the future would come from developing economies.
aggregate per capita figure is up almost 70% on two decades ago, during which time the worlds population has risen by 27%. Global seaborne trade has nearly doubled since the turn of the century and in the consensus view,
looks likely to continue on an upwards path in the long term, analysts at Clarkson Research wrote, noting that strongest growth in the future would come from developing economies.
https://bit.ly/2kcC64P
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2. Tough Time for Aframaxes
Aframaxes trading in the North Sea have been losing money in dramatic fashion. Describing rates on the key trade from Hound Point to Wilhelshaven (TD7) as disastrous, broker Gibson states spot TCE earnings on this tradelane so far this year have averaged
a negative return of minus $1,750 a day.
a negative return of minus $1,750 a day.
Gibson noted in its most recent weekly report that in addition to weak fundamentals, there are also factors behind this exceptional weakness that are unique to aframaxes trading in northwest Europe.
https://bit.ly/2KG88Bx
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3. Owners and Efficiency Secrets
The International Chamber of Shipping is calling on the EU not to publish data on individual ships’ fuel efficiency. New Monitoring, Reporting and Verification (MRV) rules require the European Commission to collect and publish
annual data on each registered ship’s performance, including average fuel consumption per cargo tonne-mile and total fuel consumption for the year. "The industry has made clear its total opposition to the publication of
data about individual ships using abstract operational efficiency metrics that bear no relation to CO2 emissions in real life and which will be used to penalize shipowners unfairly," said the ICS.
annual data on each registered ship’s performance, including average fuel consumption per cargo tonne-mile and total fuel consumption for the year. "The industry has made clear its total opposition to the publication of
data about individual ships using abstract operational efficiency metrics that bear no relation to CO2 emissions in real life and which will be used to penalize shipowners unfairly," said the ICS.
https://bit.ly/2IYTtE8
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4. Fire Ravages Ro-Ro
On Monday morning, a fire broke out on the car carrier Auto Banner at the port of Incheon, South Korea. The Banner was alongside the pier, and she was loaded with 2,000 used cars that were bound for the Libyan market, according
to local media. Officials believe that the fire started in one of the vehicles and spread. The vessel’s 28 crew safely evacuated onto the pier, and no casualties have been reported. Firefighting proceeded on the exterior
of the vessel, with water-side support from a large Korean Coast Guard cutter and air support from a firefighting helicopter.
to local media. Officials believe that the fire started in one of the vehicles and spread. The vessel’s 28 crew safely evacuated onto the pier, and no casualties have been reported. Firefighting proceeded on the exterior
of the vessel, with water-side support from a large Korean Coast Guard cutter and air support from a firefighting helicopter.
https://bit.ly/2x1ri2M
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5. Seafarer Support Landmark
The International Transport Workers Federation (ITF) and the United Arab Emirates (UAE) Federal Transport Authority (FTA) have signed a groundbreaking memorandum of understanding to work together to protect the rights of all seafarers operating in UAE
waters. On signing the memorandum at the International Maritime Organization (IMO) in London, ITF general secretary Stephen Cotton said: We at the ITF are committed to ensuring seafarers are protected all around the world. This
is a significant opportunity to work with our partners in the UAE to bring seafarers and workers safety to forefront of the conversation.
waters. On signing the memorandum at the International Maritime Organization (IMO) in London, ITF general secretary Stephen Cotton said: We at the ITF are committed to ensuring seafarers are protected all around the world. This
is a significant opportunity to work with our partners in the UAE to bring seafarers and workers safety to forefront of the conversation.
https://bit.ly/2LgLGzU
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6. Inmarsat Monopoly Ends
The Iridium network has been approved to provide Global Maritime Distress Safety System (GMDSS) services, signaling an end to a decades-long satellite communications monopoly by Inmarsat. The IMO’s has agreed to recognize
that the Iridium network meets all the criteria of the IMO needed to provide mobile satellite services in the GMDSS and to adopt the Statement of Recognition proposed by the U.S. as a Committee Resolution. The MSC also
agreed that Iridium and the U.S. will work with the International Mobile Satellite Organization (IMSO), which will monitor progress in Iridiums implementation of the service.
that the Iridium network meets all the criteria of the IMO needed to provide mobile satellite services in the GMDSS and to adopt the Statement of Recognition proposed by the U.S. as a Committee Resolution. The MSC also
agreed that Iridium and the U.S. will work with the International Mobile Satellite Organization (IMSO), which will monitor progress in Iridiums implementation of the service.
https://bit.ly/2wYdUww
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7. White House Questions
The White Houses Office of Information and Regulatory Affairs is seeking public input on how the federal government can reduce the regulatory burdens imposed on the maritime sector as part of the Trump Administrations broad plan to deregulate American
industries. The Office of Information and Regulatory Affairs (OIRA) posted the public Request for Information (RFI) last week. The RFI seeks public comment on how existing federal agency
requirements affecting the maritime sector can be modified or repealed in an effort to increase efficiency, reduce or eliminate unnecessary or unjustified regulatory burdens.
industries. The Office of Information and Regulatory Affairs (OIRA) posted the public Request for Information (RFI) last week. The RFI seeks public comment on how existing federal agency
requirements affecting the maritime sector can be modified or repealed in an effort to increase efficiency, reduce or eliminate unnecessary or unjustified regulatory burdens.
https://bit.ly/2LjL0K8
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8. Lava Danger Zone
The U.S. Coast Guard is warning boat operators to stay away from the ocean entry point for lava flows from Kilauea, the volcano on Hawaii’s Big Island that is currently in a high-activity phase. Localized risks at the ocean entry include hot water scalding,
steam explosions, collapsing cliff fronts and an unusual form of marine weather – "lava haze," or "laze," a corrosive mixture of hydrochloric acid gas, steam and fine glass particles. Health hazards from this mixture include
lung, eye and skin irritation, and according to the Hawaii Volcano Observatory, exposure can be fatal.
steam explosions, collapsing cliff fronts and an unusual form of marine weather – "lava haze," or "laze," a corrosive mixture of hydrochloric acid gas, steam and fine glass particles. Health hazards from this mixture include
lung, eye and skin irritation, and according to the Hawaii Volcano Observatory, exposure can be fatal.
https://bit.ly/2IBCrwM
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9. Managing Cyber Threats
Naval Dome, an Israel-based maritime cyber defence solution provider, is making efforts to establish a deeper understanding and openness to the threat maritime faces from cyber attacks by cooperating with system manufacturers and regulators in creating
new maritime cyber standards. Itai Sela, CEO of Naval Dome, reckons cyber attacks are now a constant threat to the maritime industry, especially against critical systems onboard vessels, including offline systems, and systems
that connect them.
new maritime cyber standards. Itai Sela, CEO of Naval Dome, reckons cyber attacks are now a constant threat to the maritime industry, especially against critical systems onboard vessels, including offline systems, and systems
that connect them.
https://bit.ly/2KFCeVC
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10. Bunker Rise Surcharge
As container lines struggle with rising fuel prices Mediterranean Shipping Co (MSC) has announced a temporary emergency bunker surcharge. The worlds second largest container said in a notice to customers it was introducing
a worldwide temporary emergency bunker charge on all shipments both ocean and land connections with immediate effect. The line did not reveal the quantum of the surcharge. Bunker prices in Europe had exceeded $442 per
tonne last week, having risen more than 30% this year and increased more than 70% over the last 12 months.
a worldwide temporary emergency bunker charge on all shipments both ocean and land connections with immediate effect. The line did not reveal the quantum of the surcharge. Bunker prices in Europe had exceeded $442 per
tonne last week, having risen more than 30% this year and increased more than 70% over the last 12 months.
https://bit.ly/2KKORyY
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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,
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London EC3V 0BT,
UK
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