Seacurus Daily: Top Ten Maritime News Stories 13/06/2018

Seacurus Daily: Top Ten Maritime News Stories 13/06/2018

1.  Owners Express Trade Fears
European shipowners, represented by the European Community ShipownersÂ’ Associations ECSA, express their deepest concerns about recent developments on global bilateral trade relations. The result of the G7 meeting last weekend
offered no improvement, on the contrary. 
European shipowners recall that open trade relations based on transparent rules and procedures are crucial for world trade and world economic growth and prosperity. Any unilateral
measures appearing to show benefits at the short term will in the longer term prove to be counterproductive for all.
2. Brave Rescue at Sea
The Captain and crew of the Wallem-managed bulk carrier the KSL Seoul rescued six fishermen after their boat was involved in an accident and subsequently capsized. The KSL Seoul was passing through the Mindoro Strait in the
Philippines en route to Port Walcott in West Australia when they spotted the capsized fishing boat, the Sister Reds, with six Filipino fishermen clinging onto its hull. 
The KSL Seoul immediately notified the Philippine
coastguard and the local Maritime Rescue Coordinating Council (MRCC) and changed course to approach the boat. The six fishermen were rescued and pulled safely onboard.

3. Gas Player De-Lists
Norwegian gas carrier operator IM Skaugen will de-list from Oslo Stock Exchange in September following it submission of a de-listing application to the stock exchange last month. According
to a release by Oslo Stock Exchange, the shares of IM Skaugen will be de-listed on September 17 and the last day of listing will be September 14. 
Late last month, IM Skaugen filed restructuring applications at the High
Court in Singapore to reorganise its liabilities and businesses.
4. Major Merger Announced
Shareholders of Gener8 Maritime have approved plans to merge with Euronav, with 98% of those voting supporting the deal. Gener8 will become a wholly-owned subsidiary of Euronav, with Euronav shareholders owning around 72%
of the combined entity and Gener8 shareholders the remaining 28%.
The transaction is expected to close today, giving Euronav a fleet of 74 crude tankers and two FSO vessels. The tanker fleet consists of 43 VLCCs, 27 suezmaxes, 2 ULCCs and 2 LR1s.

5. Famous Shipyard Closing
Another famous dockyard in Japan is reportedly closing its doors to commercial ships come the end of next year, according to Japanese newswire Nikkei. The Chiba yard, established in the 1940s and belonging to Mitsui E&S Shipbuilding,
will cease commercial ship construction once it finishes its current orderbook with a tanker set to deliver at the end of 2019. 
The news, yet to be confirmed by the yard, would mark the latest in the dramatic contraction
among Japanese shipbuilding output in the past 15 years as the Asian nation has had to face up to cheaper rivals in South Korea and China.

6. Seafarers Desperately Needed
Canada expects to lose 20% of its aging seafarers to retirement within the next five years. This represents a huge challenge for the industry which is projected to increase significantly over the next decade.  To avoid this
skills gap, a Canada-wide hiring initiative called "Be a Seafarer" has been launched.  
At a national level, commercial shipping industry directly contributes $3 billion to GDP, and the industry has an immediate need to
attract and retain 300 new seafarers.
7. Latest Safety Update
The CHIRP Charitable Trust has published its latest newsletter Maritime Feedback 51 and its latest video broadcast Bulletin 10. Feedback 51 is the second report of 2018 and contains reports on emergency procedures for disabled
passengers, newbuild poor steerage and rudder discrepancies, expiry dates on provisions, safe working practices and combination rigged pilot ladders. It will shortly be available online in four languages; English, Chinese, Tagalog and Dutch. 
Bulletin 10 deals with topics such as a failed rescue boat lift, a main engine failure, overtaking and crossing and unsafe practice while painting a ship.
8. New Cruise Concept Ordered
Quark Expeditions has ordered a new expedition cruise ship designed for 40 days operation in polar regions without the need to resupply. The vessel will be built by CroatiaÂ’s Brodosplit to a design by Sembcorp Marine subsidiary
LMG Marin. When launched in 2020, the 200-passenger ship will offer an unparalleled expeditionary capability, says Quark Expeditions. The extended range, in combination with two helicopters, will make destinations such as the Ross Sea and the remote western
Antarctic “Phantom Coast” safely accessible.
9. Feed, Feed Me Oh Yeah
A maritime welfare charity that helped The Beatles when they fell on hard times has released a new book, which includes how it fed George Harrison horsemeat in Hamburg. Whenever they played Hamburg, the band visited SailorsÂ’
SocietyÂ’s seafarersÂ’ center. John and George both had fathers who were seafarers and recognised the charityÂ’s name from its center in Liverpool. 
SailorsÂ’ Society works with seafarers and their families around the world
providing practical and emotional support. It also runs centers where seafarers can take time away from busy ports.
10. Ports in the IMO
The International Maritime Organization (IMO) has hosted a Special Ports Event, where discussions highlighted the sheer diversity of challenges faced by ports around the world. Rather incredibly
this was the first ever dedicated port event held by the IMO. Kitack Lim reminded his audience that his last position before being elected to as IMO secretary general was as president of Busan Port Authority – “and during that time, I had the opportunity to
see the value of encouraging stronger links between ships and ports to enhance the efficiency of maritime transport”.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
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London EC3V 0BT,
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