Seacurus Daily: Top Ten Maritime News Stories 29/05/2018

Seacurus Daily: Top Ten Maritime News Stories 29/05/2018

1. Greek Domination
With the shipping world set to descend on Posidonia, which starts next week, Stephen Gordon, the managing director of Clarkson Research Services, has crunched the numbers to look at the dominant
role the Greek fleet has in world shipping. 
Gordon noted that 10 years on from the financial crisis, Greek owners have expanded their control of the world fleet from a 13% to 17% share, today operating some 218m gt (370m
dwt) valued at $105bn. “Certainly worth raising a glass (or two) while enjoying the parties and cocktails!” Gordon quipped. 
In second place, is Japan with 13%, closely followed by China in 12%.
2. Shipping Cites Aviation
As shipping has been set its first ever CO2 reduction targets the sector has taken a swipe at its aviation cousins who remain the last large unregulated greenhouse gas emitter. Speaking at the
OECD International Transport Forum in Leipzig, Simon Bennett, deputy secretary general at the International Chamber of Shipping (ICS), commented: “As well as being consistent with the 1.5 degree climate change goal, the IMO targets are far more ambitious than
what has so far been agreed for aviation, or indeed the commitments made by governments with respect to the rest of the global economy under the Paris Agreement.”
3. Investors Slam Maersk
Two key investors in Maersk, have questioned the strategic direction the company is taking, urging top management to get the basics of current operations working more smoothly before embarking
on more ambitious tech projects. 
Karsten Lund Søndermølle, portfolio manager at Bankinvest, commented: “We sit and watch that they cannot protect themselves from cyber attacks and they cannot get their ships sailing on
time. So why should they take on a more complicated task?” A second unidentified investor laid similar criticism on the Soren Skou-led company.
4. Crystal Meth At Sea
Malaysia has made its largest ever seizure of crystal methamphetamine, officials said on Monday, finding nearly 1.2 tonnes of the drug disguised as tea in a shipment from Myanmar, and arrested six suspected traffickers. The
bust comes as Southeast Asia reports a flood of the stimulant throughout the region. Indonesia and Thailand have also made record seizures of the drug this year. 
A total of 1,187 kg of the drug, worth 71 million ringgit
($18 million), was shipped in a container from Yangon, Myanmar, to Port Klang, on the outskirts of Kuala Lumpur, Customs Director-General Subromaniam Tholasy told reporters.

5. Soeul to Aid Yards
South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate five key shipbuilding centres on the countryÂ’s south coast as “industry crisis” zones eligible for economic support. The
areas include Dong-gu in the city of Ulsan, Geoje-si of Kyong-nam province and Jinhae-gu of Changwon, as well as Tongyeong and Mokpo in the southwest coast.
6. Port Bulker Fire
The 50,170 dwt bulk carrier Sirina suffered a fire in its cargo hold while it was berthed at a dock in Port of Southampton on May 25. The incident aboard the Greek bulker occurred at around 2
pm at Southampton Western Docks, according to the Hampshire Fire & Rescue Service Control. 
At 13:51 firefighters were alerted to the fire involving 7,000 tonnes of scrap metal which had caused a large smoke plume above
the ship in the dry dock.
7. Chemical Tankers Shine
While the crude tanker segment heads into the doldrums, other wet segments are faring better. One example is the chemical tanker market, with the worldÂ’s liquid chemical seaborne trade growing at an exceptionally impressive
7% to 196 million tons in 2017. ShipFocus, notes “this compares to an average 5-year growth of just over 2% or a 10-year growth of 3%. We expect worldÂ’s volume to grow more moderately but still above average at about 4% this year.

8. New Guidance on Mental Health
Mental illness is estimated to cost UK businesses ÂŁ30 billion every year through lost production, recruitment and absence. One in six adults will be experiencing a mental health problem at any
one time, according to the Office of National Statistics. 
For those working at sea, mental health issues can be compounded by the pressures of being separation from family and feelings of isolation. In
response, the UK Chamber of Shipping, Nautilus International and the National Union of Rail, Maritime and Transport Workers (RMT) have jointly agreed new guidelines that will aid shipping companies in drawing up policies on mental wellbeing.
9. CMA CGM Giant Launch
The newest containership giant, being built for French shipping major CMA CGM, has been launched at a shipyard in the Philippines. The 20,600 TEU containership CMA CGM Louis Bleriot was launched
by the Subic-based shipbuilder Hanjin Heavy Industries and Construction – Philippines (HHIC-Phil) on April 21.
Measuring roughly 400 meters in length, the unit is the third ultra large container vessel (ULCV) to be built by HHIC-Phil for CMA CGM.
10. Sail Steams Back In
Recently the 43.5-metre schooner Avontuur arrived in the port of Hamburg with some 70 tonnes of coffee, cacao and rum from across the Atlantic. The shipping company Timbercoast, says it aims to prove that sailing ships can
offer an environmentally sustainable alternative to the heavily polluting shipping industry. Similar initiatives exist across the world. In the Netherlands, Fairtransport operates two vessels on European and transatlantic routes.
In France, Transoceanic Wind Transport sails multiple vessels across the English Channel and Atlantic Ocean, and along European coasts.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions

S. Jones
Seacurus Ltd

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