Seacurus Daily: Top Ten Maritime News Stories 01/06/2018
1. Trade War Raises Tension
The United States on Thursday said it will impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washingtons allies took steps to retaliate
against U.S. goods. The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential tariff exemptions and suggested a hardening of the Trump administrations
approach to trade negotiations. It also sent a chill through financial markets, with the Dow Jones Industrial Average down about 1 percent.
against U.S. goods. The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential tariff exemptions and suggested a hardening of the Trump administrations
approach to trade negotiations. It also sent a chill through financial markets, with the Dow Jones Industrial Average down about 1 percent.
https://bit.ly/2J8xB6a
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2. Greek Shipping Stats
Greek shipping stats keep coming in thick and fast to the Splash newsroom ahead of next weeks Posidonia exhibition in Athens. Online pricing portal VesselsValue is the latest to issue their take on the Greek merchant fleet,
crowning John Angelicoussis (pictured left) as the highest valued Greek shipping billionaire, whose 129 ships are valued at $7.9bn. In second place is George Economous whose diverse fleet is valued at $7.17bn, while George Procopiou is in third with a fleet
worth $5.63bn.
crowning John Angelicoussis (pictured left) as the highest valued Greek shipping billionaire, whose 129 ships are valued at $7.9bn. In second place is George Economous whose diverse fleet is valued at $7.17bn, while George Procopiou is in third with a fleet
worth $5.63bn.
https://bit.ly/2svvUZA
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3. Developing Autonomous Response
An E.U.-funded research project is underway to develop technical solutions for safer navigation in close proximity of other stationary or moving vessels and objects. The Hull to Hull
(H2H) project was established in November 2017, and with the help of the European Global Navigation Satellite System (GNSS), EGNOS and Galileo, aims to help mariners in taking correct navigation decisions and create a fundamental basis for autonomous vessel
operations: specifically targetting solutions that can enhance safety in busy waters and during close maneuvering.
(H2H) project was established in November 2017, and with the help of the European Global Navigation Satellite System (GNSS), EGNOS and Galileo, aims to help mariners in taking correct navigation decisions and create a fundamental basis for autonomous vessel
operations: specifically targetting solutions that can enhance safety in busy waters and during close maneuvering.
https://bit.ly/2sxOdgN
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4. Swoop for More Ships
John Fredriksens Ship Finance International is acquiring four 14,000 teu container vessels attached to long-term time-charters with an Asian container line. The 2014-built vessels are due to be delivered imminently and the
time charters attached to the vessels run until 2024, and include options to extend by 18 months. The seller and price were not revealed, and payment will be made via a mix of cash and around 4 million new shares in Ship
Finance International. Financing of the cash portion is via cash on hand and a $320m unsecured loan from Fredriksens Hemen Holding.
time charters attached to the vessels run until 2024, and include options to extend by 18 months. The seller and price were not revealed, and payment will be made via a mix of cash and around 4 million new shares in Ship
Finance International. Financing of the cash portion is via cash on hand and a $320m unsecured loan from Fredriksens Hemen Holding.
https://bit.ly/2xuuqnW
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5. Cruise Figures Soar
The Cruise Lines International Association (CLIA) has updated the official global cruise industry numbers confirming the industry has surpassed 2017 ocean cruise passenger projections, reaching 26.7 million cruise passengers globally, up from a projection
of 25.8 million. Asia, accounting for about 15 percent of total global ocean passenger volume in 2017, experienced a 20.5 percent increase last year in comparison to 2016. Domestically, the U.S. and Canada saw ocean passenger
growth in 2017 with a five percent increase over the prior year. Australia also experienced some positive growth at around five percent.
of 25.8 million. Asia, accounting for about 15 percent of total global ocean passenger volume in 2017, experienced a 20.5 percent increase last year in comparison to 2016. Domestically, the U.S. and Canada saw ocean passenger
growth in 2017 with a five percent increase over the prior year. Australia also experienced some positive growth at around five percent.
https://bit.ly/2JhhqXA
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6. Developing Port Blockchain
PwC Australia, the Australian Chamber of Commerce and the Port of Brisbane have collaborated to develop a Trade Community System designed to link international supply chain information using blockchain technology. The system
at proof of concept stage and will create an end-to-end supply chain with a digitized flow of trading information to improve connectivity and reduce supply chain costs. PwC Partner, Ben Lannan said: The port whether sea or air is the first and last point
of domestic contact in the international supply chain, and is the primary point at which all significant supply chain participants converge."
at proof of concept stage and will create an end-to-end supply chain with a digitized flow of trading information to improve connectivity and reduce supply chain costs. PwC Partner, Ben Lannan said: The port whether sea or air is the first and last point
of domestic contact in the international supply chain, and is the primary point at which all significant supply chain participants converge."
https://bit.ly/2suplXe
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7. Shipping Social Footprint
As some of the biggest shipping companies around, liners often take the spotlight in the shipping industry. The larger players have led the way in industry marketing and public relations efforts, both in terms of professionalism and an appreciation of
the importance of brand. You want a Lego container ship itll be Maersk branded (and awesome). No names, of course, but several liner companies have excelled at telling the industry just how good and successful they are at
social media use. But how well do they really stack up against each other on LinkedIn, the most business-focused of all the social media platforms?
the importance of brand. You want a Lego container ship itll be Maersk branded (and awesome). No names, of course, but several liner companies have excelled at telling the industry just how good and successful they are at
social media use. But how well do they really stack up against each other on LinkedIn, the most business-focused of all the social media platforms?
https://bit.ly/2LMmsty
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8. Remembering BP Trent
Sailors’ Society has commemorated the anniversary of the loss of the BP Trent by laying a wreath underneath the ships bell at All-Hallows-by-the-Tower in London. Sailors Society trustee Jon Holloway read out the names of the lost before laying the wreath.
Among them was that of his friend, the ships 23-year old electrician Matthew Clements, from Bournemouth. Holloway said: The shipping industry is a tightly-knit community, with lifelong friendships formed. Matthews loss was
a huge blow to many, and he is never far from our thoughts, particularly this week.
Among them was that of his friend, the ships 23-year old electrician Matthew Clements, from Bournemouth. Holloway said: The shipping industry is a tightly-knit community, with lifelong friendships formed. Matthews loss was
a huge blow to many, and he is never far from our thoughts, particularly this week.
https://bit.ly/2JjALYm
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9. Tanker Grounds in St Lawrence
A tanker carrying refined petroleum products is aground in the St. Lawrence River near Morrisburg, Ontario. Officials say the Marshall Islands-flagged Chem Norma ran aground just after 4 a.m. Tuesday due to a steering issue
while navigating westbound in the St. Lawrence Seaway. The vessel remained aground as of Wednesday afternoon with two tugs on scene attempting to the refloat it.
while navigating westbound in the St. Lawrence Seaway. The vessel remained aground as of Wednesday afternoon with two tugs on scene attempting to the refloat it.
https://bit.ly/2H9wfq1
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10. Seafarer Immigration Concern
Gard Alert: Fines in Brazil provides a warning of the risk of being fined due to crew overstays in Brazilian ports. A new Migration Law (Law 13,445 of May 2017) entered into force in Brazil last year and has changed the
countrys immigration policy and regulations. The changes are predominantly positive for the maritime and offshore industries as they have shed light on some of the grey areas that existed under the previous legislation. A useful guide on how the new immigration
regulations apply to seafarers provide a practical overview of the main regulatory aspects related to foreign seafarers in Brazil.
countrys immigration policy and regulations. The changes are predominantly positive for the maritime and offshore industries as they have shed light on some of the grey areas that existed under the previous legislation. A useful guide on how the new immigration
regulations apply to seafarers provide a practical overview of the main regulatory aspects related to foreign seafarers in Brazil.
https://bit.ly/2LOl8X9
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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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