Seacurus Daily: Top Ten Maritime News Stories 14/06/2018




Seacurus Daily: Top Ten Maritime News Stories 14/06/2018

1. COSCO Takeover Doubt
COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt, according to Alphaliner. The consultant said “doubts remain” whether the
acquisition could be completed by the 30 June completion deadline. 
The deal, announced in July last year, would see COSCO acquire 90.1% of OOIL shares and compatriot container terminal operator Shanghai International Port
Group (SIPG) take the balance.
https://bit.ly/2HNYFpX
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2. Small Box Drop
Five containers fell off 10,000 teu containership  CSCL Spring during unloading at Tianjin Port Pacific International Container Terminal yesterday. Bunker vessel Jin You 8, which was anchored next to the vessel, was hit by
the falling containers and suffered damage although no injuries were reported in the incident.
According to Tianjin Port, the incident was caused by misoperation and the ship’s scheduled will not be affected.
https://bit.ly/2JLjMen
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3. Explosion Kills Crew
An explosion onboard Indian chemical tanker Nu Shi Nalini has killed one of the ship’s crew. The vessel was anchored off Cochin Port yesterday undergoing repairs when the explosion occurred,
resulting in severe burns to the crew member who died after being airlifted to hospital. 
The 2012-built Nu Shi Nalini is owned by India’s Arya Ship Charterers and managed by Elektrans Shipping.
https://bit.ly/2t7mGDc
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4. Conman Fools Company
A conman was jailed for eight years in the UK Monday for defrauding Dutch offshore engineering firm Allseas out of £88m ($117.5m). Paul Sultana, a former car salesman, was part of a team of fraudsters who persuaded top management
to invest in a fictitious Vatican-linked investment platform with massive four-digit rates of return. 
Allseas has been pursuing the conmen for a number of years, with another of the fraudsters jailed two years ago.
https://bit.ly/2HLy90z
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5. Yemen Ripped Apart
Despite warnings from aid agencies and a last-minute effort to broker a truce, UAE-backed forces have launched an assault on the rebel-held port city of Hodeidah, Yemen, a key hub for the nation’s food imports.  The UN’s
special envoy to Yemen, Martin Griffiths, had attempted to reach an agreement between Houthi rebels and the coalition forces that would have seen the rebels hand over control of Hodeidah to UN, thereby removing the cause for an assault on the city. These talks
did not prevent UAE forces from moving forward, and on Monday, the Red Cross and the UN withdrew their staff in the expectation of hostilities. 
https://bit.ly/2t7qKTV
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6. Cleaning Ports Image
Green Marine and the Worldwide Network of Port Cities (AIVP) signed a Memorandum of Understanding this week to combine efforts to promote the social acceptability of ports. The agreement, signed at the conclusion of AIVP’s
Annual General Meeting at the start of the organization’s 16th World Conference in Quebec City, will serve as a framework for cooperation to encourage and improve port relations with the wider community. 
AIVP has nearly
200 members representing more than 2,000 sustainable development actors in port cities throughout nearly 50 countries on five continents. 
https://bit.ly/2t6Rzrr
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7. Amazing Island Maker
China’s most advanced dredging vessel, dubbed the “magic island-maker,” completed her first sea trial on Tuesday. The Tian Kun Hao, the largest vessel of her kind in Asia, can dig as deep as 35 meters under the seafloor and
dredge 6,000 cubic meters per hour.  
The 17,000-ton, 140-meter (460-foot) dredger has a total installed power of 25,843kW. The vessel’s 6,600-kilowatt dredging equipment can mince rocks and can pump dredged material as
far as 15 kilometers (nine miles) away. She has four different types of cutter, a general cutter, clay cutter, rock cutter and heavy rock cutter.
https://bit.ly/2t7bwhF
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8. Dangers of Bad Fuel
Experts believe the shipping industry and bunkering sector face significant challenges in relation to contamination post 2020 if there is not a better understanding of the provenance of products within the marine fuel supply chain, clarity on the quality
and formulation of what is being purchased. It has been stated that between February and April 2018 there has been a significant outbreak of fuel quality issues in the US Gulf Coast, with estimations of as many as 100 vessels
seeking claims due to fuel quality, which have caused a number of technical problems, including in some cases a complete loss of engine power. 
https://bit.ly/2LMsaek
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9. EU Assesses Iran Pains
As a response to the US re-imposition of sanctions against Iran, the EU intends to amend its Blocking Regulation (Regulation (EC) 2271/06) to protect EU companies from the extraterritorial effects of US secondary sanctions against Iran. This is an EU Regulation
which was originally introduced in the context of US sanctions against Cuba, which allows the EU to protect businesses from the extraterritorial effect of particular sanctions adopted by a third country outside the EU. Although the Blocking Regulation will
apply in all EU member states, the responsibility for enforcement lies with each individual EU member state. 
https://bit.ly/2HKCGAg
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10. Migrant Issues Cause Concern
European shipowners have raised concerns after Italy recently refused a humanitarian ship to disembark rescued persons in Italian ports, according to ECSA. “We realise that Mediterranean states like Italy, Spain and Malta
have been under huge pressure in the past years receiving so many migrants and the burden of incoming migrants should be better shared,” Martin Dorsman, ECSA Secretary General, said. 
“However, we find it unacceptable that
ships carrying migrants are turned away from ports. Also merchant ships can be called upon for assisting with the rescue of migrants.” Dorsman explained.
https://bit.ly/2JQj96x
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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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