Seacurus Daily: Top Ten Maritime News Stories 12/06/2018




Seacurus Daily: Top Ten Maritime News Stories 12/06/2018

1. Sulphur Stink Ahead
With the deadline for the 0.5% global sulphur cap less than 19 months away and informal poll of shipowners and operators by classification society ABS found that 53% of owners and operators fleets were not ready to meet the regulation. Issuing an advisory
on marine fuel oil ahead of the 2020 sulphur cap ABS said it was vital owners consider the available options and the impacts on their fleet as the deadline for compliance approached.
https://bit.ly/2y1rK1A
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2. All Going Bust
Less than 18 months before the IMO’s 0.5% sulphur cap regulations come into force for merchant shipping, container lines are worried that the estimated $50bn extra cost of the greener fuel could tip them into bankruptcy. “We’re
all going to go bust,” MOL’s president and chief executive Junichiro Ikeda told the Financial Times.
https://bit.ly/2t12eDV
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3. Aussies Ban Ship
The Australian Maritime Safety Authority (AMSA) has banned the Philippines-flagged general cargo ship Thorco Luna after it was detained for a third time this year for consistently failing to meet international standards. The
ship was released from its latest detention at Port Kembla on June 8, 2018 and will not be permitted to enter an Australian port for a period of three months.
https://bit.ly/2LGB0Kj
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4. Need for Piracy Cooperation
Stressing on security co-operation at the East Asia Summit (EAS), India has sought intelligence sharing to combat sea piracy, terrorism, and sea-based human smuggling. India and other EAS countries, individually and collectively,
could make arrangements on intelligence sharing to combat piracy at sea, terrorism, and sea-based human smuggling as well as narcotics trafficking”, Anurag Bhushan, joint secretary (ASEAN) at the ministry of external affairs has said.
https://bit.ly/2HEJD5L
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5. Iraq Oil Landmark
An Iraq-flagged tanker carrying two million barrels of crude oil has set sail for the US, the first such trip in nearly three decades, the oil ministry said. Iraq, which has been ravaged by a series of wars since the 1980s,
is the oil cartel OPEC’s second biggest producer with 153 billion barrels of proven crude reserves. 
The Baghdad left Basra on Friday night headed for the United States. It is the first time since 1991 that Iraq is running
its own oil tankers.
https://bit.ly/2l4ye6w
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6. Iranian Feeders Stop
German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran. Hamburg-based
Hapag-Lloyd, the world’s fifth largest container company, said it had initiated a process to stop handling products included in the list of commodities hit by U.S. sanctions, within the required wind down timeline.
https://bit.ly/2MfnHSa
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7. Spain Steps In
Spain’s prime minister has said the country will take in a rescue ship stranded in the Mediterranean, to help avoid a humanitarian disaster. Pedro Sánchez said he would give "safe harbour" to the Aquarius and the 629 people
on board, after Italy and Malta both refused to let the ship dock.
https://bbc.in/2xYgSl3
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8. Trump Nav Warnings
Singapore is imposing restrictions on navigation and prohibited zones next week in the waters around Sentosa Island where the summit between US President Donald Trump and North Korean leader Kim Jong-Un will be held. In a circular
the Maritime & Port Authority of Singapore (MPA) advised of restricted and prohibited areas of navigation for 48 hours on 12 and 13 June. The summit between Trump and Kim is due to be held at the Capella Hotel
.
https://bit.ly/2Mjt9n3
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9. Sophia Loren Godmother
MSC Seaview has been christened by Godmother Sophia Loren in Genoa, Italy, on Saturday. The ship was built at the Fincantieri shipyard in Monfalcone, Italy, and is the 15th addition to the MSC Cruises fleet. She is the third
ship to come into service within 12 months of the company’s €10.5 billion ($12 billion) investment plan, following MSC Seaside and MSC Meraviglia, both of which entered service last year. MSC Bellissima is expected to be delivered next year. 
https://bit.ly/2Mg2Gqy
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10. Electric Car Threats
Come 2025 the switch to electric vehicles (EV) will start to impact the demand for gasoline, which will be bad news for shipping. While charging infrastructure and range limits remain a concern for EVs the fact they are much
cheaper to manufacture on a large scale than their petrol powered cousins will see a shift in the market by the middle of the next decade according to James Leake, an analyst at NS Lemos.
https://bit.ly/2sDG9f5
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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
www.seacurus.com
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