Seacurus Daily: Top Ten Maritime News Stories 04/06/2018
1. Boxes Lost Overboard
The YM Efficiency lost 83 containers overboard during heavy seas off Australia late last week, and cargo items including nappies are now washing up on beaches north of Sydney. The 4,300-TEU Liberian-flagged YM Efficiency, operated by Taiwan shipping company
Yang Ming Marine Transport, was sailing from Taiwan to Sydney when she encountered five-meter seas off the coast of Port Stephens. 83 containers were lost and another 30 were damaged. The company says that there were no dangerous goods in the containers, but
maritime authorities have issued a safety warning to ships and boats in the area.
2. Shipowners Move on Scrubbers
The shipowners of the world, with a handful of specific exceptions, are not going to be scrubbing their funnel flue gases to remove sulphur dioxide. The exceptions are, firstly, people who have ordered ships for delivery in 2020, and secondly cruiseship owners.
For these people, installing a scrubber and rolling it into the newbuild pricing makes sense. They will be able to operate on HSFO. While bulker, tanker and containership owners will benefit from the freight rate rises that will be the consequence of the supply
side tightening as the new legislation bites.
3. Success Closes Down
Despite being a commercial success, Genoa-based Levantina Bulk is closing its operations. Levantina Bulk was founded in Italy in 2013 by the Visentini family, with a small stake owned by Pietro Repetto and brokers Banchero Costa. Repetto later went on to become
the companys main shareholder, and the company had become a respectable player in the dry bulk market, active mainly in the handysize segment for trades of pet coke from the United States to Italy and the Med.
4. Record Scrapping Year
The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores
how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite. The tanker markets are definitely in a trough
at the moment, said Ralph Leszczynski, head of research at ship broker Banchero Costa in Singapore.
5. Dreadful Treatment of Animals
Emanuel Exports, the company implicated in whistleblower footage of 2,400 sheep dying of heat stress, is now part of a criminal investigation being undertaken by Australia’s Department of Agriculture. The footage was aired on 60 Minutes in April, and throughout
the program footage from five separate voyages was aired depicting thousands of sheep suffering severe heat stress; sheep caked in melted faeces and urine; injured and sick animals left to die slowly; decomposed bodies left in pens with living sheep and pregnant
ewes giving birth and their lambs dying.
6. Abu Dhabi Embraces Blockchain
Maqta Gateway, an Abu Dhabi Ports subsidiary, has developed a blockchain system to link exporters and importers. The technology called Silsal is a first for Abu Dhabi. Blockchain technology acts as an open digital ledger that can be used by trade actors to
record and extract details regarding transactions with greater security, transparency and efficiency. Silsal was conceived to address the gap in the market for exporters and importers, to provide easy and public access to transaction status updates, reduce
the need for paperwork, calls and physical visits as well as to speed up information exchange overall.
7. ONE Makes Its Bow
Ocean Network Expresss first pink magenta containership has begun its maiden voyage starting from Asia to North America. One Ocean Network Express, or ONE as it is known for short, was established in 2017 through the integration of the container businesses
of major Japanese shipping companies K Line, Mitsui O.S.K. Lines (MOL) and NYK. The vessel, named One Commitment, is ONEs first company-branded containership with a carrying capacity of 8,560 TEU. The vessel was delivered in 2013 and previously was part
of MOLs fleet.
8. IMO Taskforce Meets
Which technologies will best support shippings move to a low carbon future? How can first movers be incentivized to take-up emission reduction technologies? How can the effective implementation of Just-in-Time operation help ships optimize speed, avoid idle
times outside ports and cut emissions? How can financial barriers related to implementation of new technological measures be overcome? These and other questions were on the agenda when leading shipowners and operators, classification societies, engine and
technology builders and suppliers, big data providers, and oil companies met at the IMO.
9. Danish Register Expands
Danish shipping registries will soon expand with another 11 vessels which are set to fly the Danish flag. The units in questions are the ones belonging to the fleets of Danish shipping companies TORM and Dampskibsselskabet Norden A/S. The ship registry, leads
the world when it comes to growth rate over the past year, which means that in just one month, the Danish International Shipping Register has grown from 20 to 20.5 million GT, with more than 700 ships registered in DIS.
10. Meet Football Star
Gulf Oil Marine is offering the opportunity to hear from former Manchester United star Ronny Johnesen on its stand at Posidonia 2018. Johnesen, who was part of the 1998-99, Treble season Manchester United won the FA Premier League, FA Cup and the UEFA Champions
League, will be on Gulf Oil Marine’s stand between 2 5pm on Tuesday, 5 June to speak about how response shapes up successful teams. With the theme of response, visitors will have the opportunity to see the technology and meet the team responds to provide
the marine lubricants delivery 24/7 to even the most remote of ports.
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