Seacurus Daily: Top Ten Maritime News Stories 15/06/2018
1. Crude Behind The Curve
The crude tanker shipping cycle increasingly looks like it is two years behind dry bulk. The crude tanker market has been suffering some of its worst ever times with earnings across all
size groups at very depressed levels this year A report from BIMCO at the start of May showed that VLCC spot earnings slumped to record lows of just $6,000 a day for the first four months of the year, while Allied Shipbroking
reported three weeks ago that VLCCs have been making an average loss of $2,100 a day this year. In the last couple of weeks however rates have flattened out while scrapping continues apace.
size groups at very depressed levels this year A report from BIMCO at the start of May showed that VLCC spot earnings slumped to record lows of just $6,000 a day for the first four months of the year, while Allied Shipbroking
reported three weeks ago that VLCCs have been making an average loss of $2,100 a day this year. In the last couple of weeks however rates have flattened out while scrapping continues apace.
https://bit.ly/2JTIuMJ
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2. Port Battleground
On Thursday, as the battle for the port city of Hodeidah continued, Houthi rebel forces said that they had successfully deterred a naval attack by Saudi coalition forces to the south near al-Olifika. Houthi-aligned military
spokesman Col. Aziz Rashed told media in Sanaa, Yemen that rebel forces had struck an unnamed UAE warship with two missiles. UAE government sources confirmed the attack in comments to CNN on Wednesday. Fighting on the
ground is focused on the area around Hodeidah’s airport, to the south of the city, and the UN reported that aid shipments continued to flow at Hodeidah’s port.
spokesman Col. Aziz Rashed told media in Sanaa, Yemen that rebel forces had struck an unnamed UAE warship with two missiles. UAE government sources confirmed the attack in comments to CNN on Wednesday. Fighting on the
ground is focused on the area around Hodeidah’s airport, to the south of the city, and the UN reported that aid shipments continued to flow at Hodeidah’s port.
https://bit.ly/2JPylkt
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3. Libya Violence Explodes
Loading at Libya’s two busiest oil ports came to a halt on Thursday as two militia groups restarted a battle over the facilities’ control. The renewed conflict near the Ras Lanuf and Es Sider terminals took about 240,000
barrels per day of oil export volume offline, according to Libya’s National Oil Corporation, and the operating staff have been evacuated at both sites. Units with the Benghazi Defense Brigades launched an assault on Libyan
National Army (LNA) positions near Es Sider and Ras Lanuf on Thursday.
barrels per day of oil export volume offline, according to Libya’s National Oil Corporation, and the operating staff have been evacuated at both sites. Units with the Benghazi Defense Brigades launched an assault on Libyan
National Army (LNA) positions near Es Sider and Ras Lanuf on Thursday.
https://bit.ly/2JEph2y
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4. Investor Vehicle Launched
Hanseatic Capital Management (HCM) has been launched by Germanys Schulte Group, acting as the anchor investor. The initial investment focus of HCM is on smaller bulkers and boxships. HCMs management comprises experts from
various industries and backgrounds, who combine a wealth of experience in both the shipping and investment sectors. In joining forces, HCMs specialists cover all aspects ranging from deal sourcing to acquisition, shipmanagement and operations to vessel disposal.
various industries and backgrounds, who combine a wealth of experience in both the shipping and investment sectors. In joining forces, HCMs specialists cover all aspects ranging from deal sourcing to acquisition, shipmanagement and operations to vessel disposal.
https://bit.ly/2MuXfEb
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5. Singapore Fuel Data
The Maritime and Port Authority of Singapore issued a circular Wednesday encouraging shipowners to submit their Ship Energy Efficiency Management Plan by September, before the International Maritime Organizations requirement of fuel oil consumption data
for vessels globally becomes mandatory. The 70th session of the IMOs Marine Environment Protection Committee adopted a resolution, making it mandatory for ships to collect and report their fuel oil consumption data January 1,
2019, onward.
for vessels globally becomes mandatory. The 70th session of the IMOs Marine Environment Protection Committee adopted a resolution, making it mandatory for ships to collect and report their fuel oil consumption data January 1,
2019, onward.
https://bit.ly/2LSxSLI
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6. Strike Delays Ships
A protracted truckers strike in Brazil sees more than 60 vessels facing loading delays out of South Americas largest nation. Fighting for better pay since last month, the truckers action is having a detrimental effect on
Brazils agricultural exports. The countrys agricultural minister, Blairo Maggi, told reporters yesterday that at least 60 ships are facing delays at the moment.
Brazils agricultural exports. The countrys agricultural minister, Blairo Maggi, told reporters yesterday that at least 60 ships are facing delays at the moment.
https://bit.ly/2MrMti0
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7. Slow Steaming Answer
Slow steaming is to become a more prominent feature on some routes for container shippers as industry leaders Mediterranean Shipping Company (MSC) and Maersk look to cut costs and improve reliability, the companies confirmed Wednesday. The
cost of fuel and the advantages of reducing related air emissions into the environment are among the factors behind this, a spokesman for MSC said. The initiative is driven by a need to become more reliable and punctual,
which is an issue facing the whole industry, the spokesman added.
cost of fuel and the advantages of reducing related air emissions into the environment are among the factors behind this, a spokesman for MSC said. The initiative is driven by a need to become more reliable and punctual,
which is an issue facing the whole industry, the spokesman added.
https://bit.ly/2JHRJ3G
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8. Box Ship Fire
The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India in the Bay of Bengal. The India-flagged SSL Kolkata reported fire
just after midnight on Thursday. The fire was reportedly caused by an explosion in one of the shipping containers and later spread to about 60 other containers.
just after midnight on Thursday. The fire was reportedly caused by an explosion in one of the shipping containers and later spread to about 60 other containers.
https://bit.ly/2JQLWrx
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9. Ports Working Together
Recognising the need for the container terminal industry to prepare for the "4th industrial revolution" and digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers recently met in Brussels at
FEPORT (The Federation of European Private Port Companies and Terminals) premises to discuss the current challenges for the cargo handling industry. The Port Equipment Manufacturers Association (PEMA) said that it has been acknowledged
that transformations occurring in the logistics chain call for a closer technical interaction between terminals and manufacturers.
FEPORT (The Federation of European Private Port Companies and Terminals) premises to discuss the current challenges for the cargo handling industry. The Port Equipment Manufacturers Association (PEMA) said that it has been acknowledged
that transformations occurring in the logistics chain call for a closer technical interaction between terminals and manufacturers.
https://bit.ly/2lbZFuY
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10. Unsafe Watchkeeping
The bulk carrier Jag Arnav collided with a fast utility vessel in June 2015 due to the lack of a proper and effective lookout by all available means on the vessels. The units collided some 26 nautical miles north-west of
Bunbury, Western Australia, on June 23. Jag Arnav sustained minor damage and no injuries to the crew. Total Response sustained structural damage to its bow and deck, and two crew members received lacerations and abrasions.
Both vessels were able to resume their passage.
Bunbury, Western Australia, on June 23. Jag Arnav sustained minor damage and no injuries to the crew. Total Response sustained structural damage to its bow and deck, and two crew members received lacerations and abrasions.
Both vessels were able to resume their passage.
https://bit.ly/2JKc6Jq
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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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