Seacurus Daily: Top Ten Maritime News Stories 25/06/2018

Seacurus Daily: Top Ten Maritime News Stories 25/06/2018

1. Shipping Giant Dies
Jacques Saadé, founder of French container line CMA CGM, passed away yesterday at the age of 81. Saadé was born in Beirut in 1937 and moved to Marseilles and founded Compagnie Maritime
d’Affrètement (CMA) in 1978. He acquired Compagnie Générale Maritime (CGM) when it was privatized in 1996, then merged CMA and CGM which led to the birth of the CMA CGM Group in 1999. 
Saadé was an early believer in containerised
freight, anticipating major developments in world trade and convinced that the container would have a determining role in world maritime transport.
2. Maersk Ship Stuck
The container ship "Alexander Maersk" has been delayed off Sicily with 113 maritime migrants aboard as Europe’s debate over maritime migration continues. The delay confirms an earlier warning from the International Chamber of Shipping about the dispute’s
effects on merchant ships, which are obligated to rescue individuals in distress.  ICS has warned that shipping will bear a greater burden of rescuing migrants in the Mediterranean now that Italy is blocking NGO search and rescue
3. Consumers Setting Oil Levels
Oil traders’ attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018. But
the direction of prices over the next year will be more influenced by less visible developments in the major oil-consuming countries, especially the United States, Europe, China and India. 
With available production capacity
fairly fixed in the short-term, oil market rebalancing will depend on consumer reactions to higher prices.
4. Hull Spill in Rotterdam
A product tanker operated by Norwegian owner Odfjell struck a jetty at the Port of Rotterdam on Saturday. The 1996-built 37,500 dwt tanker  Bow Jubail ruptured its hull in the incident and released around 220 tons of bunker
fuel into the water. No injuries were reported in the incident.
In an official release, Odfjell said the company immediately mobilised its emergency response team when the incident was reported to support bringing the situation under control. The leakage was stopped, and there is no risk
of further spills.

5. Learning From Aviation
Discussions on safety at sea and accidents will almost inevitably lead to the issue of the human factor, which is credited as the cause of around 70% of accidents. How to overcome the issue is a major conundrum. Automation
and electronic navigational equipment are one method, however, such systems can as accident investigations have shown actually result in greater confusion of situational awareness. Arguably autonomous ships could be the answer, but it is generally accepted
for ocean shipping this is a long way off.
6. Solving Shipping’s Problems
As shipping industry leaders it’s the duty of the Greeks "to present a realistic way of solving many of our global issues" says Greek Shipping Co-operation Committee chairman, Haralambos J Fafalios. Writing in the London-based
committee’s 2018 annual report Fafalios urged the international industry to work with the Greeks "to bring about workable, safe and maritime solutions to bring about a low carbon, zero future for us all".
7. Tapping Big Data
Giant container shipping line Maersk Line is boosting its deal with BigOceanData to provide vessel tracking services after an initial two-year contract in September 2016. Maersk has now
extended and expanded the contract for another 30 months to cover three times the original number of vessels and nearly double the number of users. Meanwhile, 300 vessels are also now in the process of adopting BigOceandata’s integrated Ship Security Alert
System (SSAS) service.
8. Fuel Sales Scammers
Nine men face up to 15 years in jail for illegally selling marine fuel at an anchorage in Singapore. The Singapore Police said on Monday the Police Coast Guard had received information that, “a foreign registered tugboat
and a Singapore registered vessel were believed to be involved in an illegal sale of MGO (marine gas oil) at the sea of Selat Pauh Anchorage”. 
The four crew on Singapore-registered vessel were believed to have taken 400
litres of MGO without their company’s knowledge to sell illegally to the five crew on the foreign-registered tugboat. The tugboat has also been seized.

9. Looking Beyond Scrubbers
Scorpio Tankers, a pure product tanker company based in Monaco, plans to meet the IMO’s sulphur cap by burning compliant fuels, the company said. All ships trading outside of sulphur Emission Control Areas (ECAs) will be
required to use fuel with a sulphur content of up to 0.5 pct, a considerable reduction from the currently permitted maximum of 3.5 pct. 
To comply, shipowners have to choose between scrubbers if they wish to continue burning
high-sulphur fuel oil (HSFO), LNG as marine fuel, marine gas oil (MGO) and low sulphur fuel oil (LSFO).
10. China’s Yachting Triumph
China’s Dongfeng Race Team won the Volvo Ocean Race on Sunday, the first victory for a team including women in the round-the-world marathon. The Chinese-backed team held off its nearest competitors MAPFRE and Team Brunel
to secure overall victory, with Dutch sailor Carolijn Brouwer and France’s Marie Riou crossing the line off the Hague to clinch the last leg. 
Dongfeng was within sight of its rivals as they approached the finish to claim
their first leg victory since leaving Alicante in Spain in October last year.

Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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