Seacurus Daily: Top Ten Maritime News Stories 26/06/2018

Seacurus Daily: Top Ten Maritime News Stories 26/06/2018

1. Mental Health of Seafarers
On this year’s Day of the Seafarer, the International Maritime Organization is using its global platform to raise awareness of issues affecting seafarer well-being and mental health. Seafaring has always been a challenging
job, and many different factors affect the quality of life at sea. They include shore leave, the threat of abandonment, prompt payment of wages, the prospect of criminalization and even simple things like internet access and exercise facilities.
2. Stop Wasting Ships
A day may come when a ship is not allowed to enter a port, if it is not utilising its total cargo carrying capacity. Half-full ships are wasting energy and money, and they are a risk to the environment. We need to go back to our core business – transporting
cargo efficiently, argues Marcus Ejdersten from MacGregor. The coming of age of blockchain, may mean that we stop waste and ensure better use of vessels.
3. Titan Going Under
Titan Petrochemicals has announced that it has received an order from a court in Hong Kong, regarding the appointment of RSM Corporate Advisory as liquidators of Guangdong Zhenrong Energy (GZE), the controlling shareholder
of Titan Petrochemicals. 
The High Court of Hong Kong ordered to wind up GZE according to petitions filed by Industrial Bank. Titan Petrochemicals said the wind-up order may have material
adverse impact on the company’s business operations and financial position.

4. Run Hard Aground
Initial checks by French armed forces suggest there has been no pollution from a severe grounding of a general cargo ship off an atoll in French Polynesia. The Thorco Lineage ran aground yesterday morning en route to Tasmania
from the US. The crew remain onboard and a plane and a helicopter have been deployed to assess the situation. A salvor has yet to be appointed. 
The ship ran aground on the northern shore of Raroia Atoll, located 740 km
northeast of Tahiti.

5. Value of Connectivity
Inmarsat published a report on the value of connectivity for seafarers’ wellbeing.
Researchers for this latest study, “Navigating Everyday Connectivities at Sea”, used an immersive approach on board two container ships for 10 days, one with on board Wi-Fi capabilities and one without. They looked at how seafarers
use mobile phones and other digitally enabled devices in their daily lives during long periods at sea, and the opportunities and risks that Wi-Fi usage creates.
6. Understanding Seafaring Today
Over the past half century, employment patterns have changed radically. The two concrete challenges the seafarers’ profession faces today (and even more so in the future) are 1) a shortage in the supply of skilled seafarers worldwide and 2) predicting
future skills needs due to digitalization. There is a need of continued efforts to invest in the skills required for the changing needs of the ships in the future. A lot of pressure is put on the current and future maritime education and training. It should
be high quality and visible to attract good students, and able to respond to new and changing training needs quickly.
7. Clarity on Rescue
International shipping groups are calling for greater cooperation on a policy for migrants rescued at sea following Italy’s move to refuse ships carrying migrants from entering its ports. The International Chamber of Shipping
(ICS) on Monday issued a press release saying the shipping industry is growing increasingly concerned about the new policy of the Italian Government to close its ports to migrants rescued by ships at sea. 
The press release
comes after a Maersk container ship, the Alexander Maersk, diverted its course at the request from the Maritime Rescue Coordination Centre in Rome to pick up 113 migrants.
8. Changing to Gas
BW LPG, the world’s top VLGC owner and operator, has 19 very large gas carriers from its current fleet of 46 it owns and operates, that can be converted to use LPG as fuel to meet the International Maritime Organization’s global sulfur cap rule for marine
fuels, its chief executive said. Martin Ackermann told S&P Global Platts in a recent interview the engines of those VLGCs can be retrofitted to use LPG. “It seems the challenge here is of course the capex investment, which is
attached to this retrofitting, which is significant.

9. Maritime Welfare Programme
The ITF Seafarers’ Trust and the World Maritime University have announced a new seafarer welfare training programme designed to equip maritime professionals with key skills and knowledge to support the welfare of seafarers. The
Maritime Welfare (MARI-WEL) Professional Development Programme  is the first programme of its kind to deliver a comprehensive overview of the topics and issues that relate to seafarer welfare.

10. Pac Basin Does Deal
Hong Kong-based dry bulk shipping company Pacific Basin has closed a USD 325 million 7-year reducing revolving credit facility secured over 50 of the company’s owned ships. The company informed that the new facility is supported
by a syndicate of eight leading international banks, refinances several of Pacific Basin’s existing credit facilities and raises fresh capital on previously un-mortgaged vessels.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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