Seacurus Daily: Top Ten Maritime News Stories 18/06/2018
1. Trump Trade War Escalates
On Saturday, Beijing announced that it will match President Donald Trump’s plan to impose 25 percent tariffs on $50 billion worth of Chinese goods, raising the possibility of a damaging trade war. China’s countervailing tariffs
will impose the same penalty on more than 650 American products, including agricultural commodities and American-made cars. President Trump announced the tariffs as a means of penalizing China for a long-running pattern
of intellectual property and technology theft, which have affected both American companies and the U.S. military for many years.
will impose the same penalty on more than 650 American products, including agricultural commodities and American-made cars. President Trump announced the tariffs as a means of penalizing China for a long-running pattern
of intellectual property and technology theft, which have affected both American companies and the U.S. military for many years.
https://bit.ly/2HZ8rFK
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2. Box Port Tech Fail
The UKs major container gateway of Felixstowe is expected to continue experiencing severe congestion after the troubled implementation of a new IT system. An advisory issued by MSC said all carriers calling at the port were
still experiencing significant delays. MSC expects these delays to continue, which will affect vessel arrival times and collection and delivery slots.
still experiencing significant delays. MSC expects these delays to continue, which will affect vessel arrival times and collection and delivery slots.
https://bit.ly/2JR6bSK
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3. Digging Into Human Data
At some point in every relationship it becomes important to understand whether the people within it are actually happy with how things make them feel. This is true in friendships, marriages, business deals and even between
employers and employees. In shipping we have long been good at blithely carrying on regardless of the sentiments involved, and where it has been important to gauge reaction it is usually been the black and white of the
bottom line which is seen as the answer. That may be fine when it comes to charterers or investors, but we need to understand how seafarers feel too.
employers and employees. In shipping we have long been good at blithely carrying on regardless of the sentiments involved, and where it has been important to gauge reaction it is usually been the black and white of the
bottom line which is seen as the answer. That may be fine when it comes to charterers or investors, but we need to understand how seafarers feel too.
https://bit.ly/2JJAuPn
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4. BW Offer Rebuffed
US-headquartered LPG vessel owner Dorian LPG has rejected last months unsolicited $1.1bn takeover offer submitted by Singapores BW LPG. Dorian said its board of directors unanimously concluded that the proposal is not in
the best interests of Dorian and its shareholders. It says the all-share transaction fails to recognise the value of Dorians younger ships and superior commercial performance, while it also forces shareholders to accept equity in a more highly-leveraged combined
company. Dorian also says a proposed dual listing is of no benefit to its shareholders.
the best interests of Dorian and its shareholders. It says the all-share transaction fails to recognise the value of Dorians younger ships and superior commercial performance, while it also forces shareholders to accept equity in a more highly-leveraged combined
company. Dorian also says a proposed dual listing is of no benefit to its shareholders.
https://bit.ly/2JKgJad
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5. Challenge of Environmental Impact
A new database gives researchers and potentially policymakers the ability to see how global trade affects environmental impacts. Trade is one of the most visible hallmarks of 21st century life. Cheap shipping and global
supply chains mean that goods made in one country can easily be shipped for purchase or consumption halfway around the world. But if you are trying to assess and limit the environmental impacts of this trade, how can you possibly measure the environmental
effects of a dress made in Pakistan thats purchased in Peoria? Researchers are working on exactly this challenge.
supply chains mean that goods made in one country can easily be shipped for purchase or consumption halfway around the world. But if you are trying to assess and limit the environmental impacts of this trade, how can you possibly measure the environmental
effects of a dress made in Pakistan thats purchased in Peoria? Researchers are working on exactly this challenge.
https://bit.ly/2ymFZOI
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6. Public Box Offering
Navios Maritime Containers LP, a Monaco-based container ship company formed by Navios Holdings, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Monte Carlo, Monaco-based company
was founded in 2017 and booked $69 million in sales for the 12 months ended March 31, 2018. It plans to list on the Nasdaq but has not disclosed a symbol. J.P. Morgan, BofA Merrill Lynch, Citi and Clarksons Platou Securities are the joint bookrunners on the
deal. No pricing terms were disclosed.
was founded in 2017 and booked $69 million in sales for the 12 months ended March 31, 2018. It plans to list on the Nasdaq but has not disclosed a symbol. J.P. Morgan, BofA Merrill Lynch, Citi and Clarksons Platou Securities are the joint bookrunners on the
deal. No pricing terms were disclosed.
https://bit.ly/2M0UfP6
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7. New Fuel Testing Device
A new hand-held fuel-testing device, the XRF Analyser, is set to dispel much of the growing concern relating to off-spec bunker stems, new blends of untested marine fuels, compliance with the IMOs 2020 sulphur cap and existing sulphur limits in emission
control areas. The portable device, which is small enough to fit into an overhead locker on a plane or to be carried up a ships side on a Jacobs ladder, analyses the sulphur content in fuel to an accuracy of four decimal places.
Using X-ray fluorescence technology to analyse a small sample, the device provides a laboratory-quality result, to ISO 8754 standard, in just two minutes.
control areas. The portable device, which is small enough to fit into an overhead locker on a plane or to be carried up a ships side on a Jacobs ladder, analyses the sulphur content in fuel to an accuracy of four decimal places.
Using X-ray fluorescence technology to analyse a small sample, the device provides a laboratory-quality result, to ISO 8754 standard, in just two minutes.
https://bit.ly/2ljGlMp
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8. New Head of Class
Nello Sulfaro has been appointed the new head of the shipping division at Italian classification society RINA. He will be in charge of the groups marine and certification businesses. Sulfaro: Im very pleased to be in charge
for two such important market segments as certification and marine which are of great importance for the group. RINAs new positioning acknowledges the new role of digitalisation. This is not only evident within the companys own in-house processes, but also
the external services it offers through the strategic application of technology, such as big data and artificial intelligence.
for two such important market segments as certification and marine which are of great importance for the group. RINAs new positioning acknowledges the new role of digitalisation. This is not only evident within the companys own in-house processes, but also
the external services it offers through the strategic application of technology, such as big data and artificial intelligence.
https://bit.ly/2ti7u5Y
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9. Testing Autonomous Ships
A Finnish engineering firm known for its ice-going vessel expertise says it is studying another area of ship technology: autonomous vessel operations. Aker Arctic says it recently successfully tested an autonomous ship model
at its ice model test laboratory in Helsinki. The test, which was carried out in ice-free waters, demonstrated the ship models ability to detect obstacles in the tank utilizing onboard sensors, maneouver around them without
operator input and moor itself automatically to a target pier.
at its ice model test laboratory in Helsinki. The test, which was carried out in ice-free waters, demonstrated the ship models ability to detect obstacles in the tank utilizing onboard sensors, maneouver around them without
operator input and moor itself automatically to a target pier.
https://bit.ly/2ti6nTZ
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10. Sinking Ship Abandoned
Eight crew members of Turkish cargo ship Haksa have been evacuated after the freighter started sinking while underway in the Adriatic Sea, around 16 nautical miles off Croatias Jabuka Island, the Ministry of the Sea, Transport and Infrastructure of the
Republic of Croatia said on Sunday. The distress call was sent early Sunday morning at around 04.00 a.m. after the ship started taking on water, which flooded the ships engine room. Croatian
and Italian rescue agencies launched a coordinated rescue operation and alerted all vessels in the vicinity of the incident.
Republic of Croatia said on Sunday. The distress call was sent early Sunday morning at around 04.00 a.m. after the ship started taking on water, which flooded the ships engine room. Croatian
and Italian rescue agencies launched a coordinated rescue operation and alerted all vessels in the vicinity of the incident.
https://bit.ly/2JYM8VY
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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
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