Seacurus Daily: Top Ten Maritime News Stories 05/07/2018

Seacurus Daily: Top Ten Maritime News Stories 05/07/2018

1. Felixstowe Rocked by Problems
Delays are continuing at one of the UK’s main ports – Felixstowe – three weeks after a new terminal operating system was installed. In an update issued on 3 July the port said that it
was “making good progress on a number of key issues” that were related to discharge of containers from vessels and road haulage.
However, the news was less good when it comes to the loading. “Although our discharge cycle is working at near pre-implementation productivity levels, we continue to experience issues
in our load cycle, including both ship and train loading. This is affecting our overall productivity,” the port said.
2. World Trade Struggling
The World Trade Organization’s 19th  monitoring report on Group of 20 (G20) trade measures shows that new trade-restrictive measures have doubled compared to the previous review period. The report also shows that G20 economies continue to implement trade-facilitating
measures, with the rate increasing slightly.  The report covers the period from mid-October 2017 to mid-May 2018. A total of 39 new trade-restrictive measures were applied by G20 economies during the period, including tariff
increases, stricter customs procedures, imposition of taxes and export duties.
3. Ship Ban, Owner Arrested
The Australian Maritime Safety Authority (AMSA) has detained a domestic-flagged ship believed to be unseaworthy. AMSA inspectors boarded the MV Tomin in the Port of Yamba, New South Wales. The
inspectors subsequently detained the vessel because AMSA suspected the vessel to be “unseaworthy, substandard and a threat to the marine environment.” 
With support from New South Wales Police, the owners of the vessel
were arrested on board and have been charged with offenses under the Navigation Act, which carries a maximum penalty of ten years imprisonment or a fine of AUD 126,000 or both.

4. Sad Accidental Loss
China’s multi-sector conglomerate HNA Group has released an obituary, announcing the tragic and sudden death of its co-founder and chairman, Wang Jian, in an accident in Provence, France during a business trip. According
to HNA, Wang died after suffering severe injuries in a fall on Tuesday. No further details were disclosed. 
French police said Wang climbed on a high parapet to take photographs in the village of Bonnieux when he fell.
5. BP Clearing Out
BP’s fleet clear out continues at speed, with Splash understanding the oil major has found a buyer for its last VLGC. A fortnight ago BP Shipping sold the 12-year-old British Courage for $38m. Brokers tell Splash that the
company has now sold the 83,000 cu m sister ship, British Commerce to Greece-based Lebanese gas ship owner Naftomar. 
Nafomar, which was also linked with the British Courage, is a pure LPG player with its origins in Beirut.
The company pioneered imports into Pakistan and Syria, and were one for the first behind LPG imports into China.
6. Trade Changes Routes
A vessel carrying a shipment of coal from the United States switched its destination to Singapore on Wednesday afternoon from China, according to ship tracking data, amid an escalating trade row between the world’s top two economies. The
cargo was loaded on the Navios Taurus in Mobile, Alabama, on May 28 and had been due to arrive in China on July 18, but is now due to land in Singapore on July 13, Thomson Reuters Eikon data shows. 
It was one of several
ships on their way to China that may end up casualties of the escalating trade dispute between China and the United States.
7. Return of Surveys
A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy companies, now with more cash thanks to stronger crude prices, gradually resume spending on seismic services after a four-year downturn. A
doubling in the area contracted for seismic work in the first quarter this year from the last three months of 2017 has injected optimism into surveillance firms, with a global fleet of about 24 vessels, most of whom struggled to survive in the past years.

8. Cable Ship Order
Nexans Subsea Operations has signed a shipbuilding contract with Ulstein Verft on the construction of a large, DP3 cable laying vessel. CEO Gunvor Ulstein, Ulstein Group, said: “We are very pleased that Nexans, a solid and
important player, chooses Ulstein to construct their new flag ship. We have a strong organisation with long experience in delivering advanced vessels. The contract was won in tough, international competition. We look forward to a constructive and fruitful
cooperation with Nexans in the years to come”.
9. Following or Leading
Our world is moving rapidly towards an autonomous, automated and transparent future of global logistics. This is a world in which cars, road trucks and container vessels operate autonomously and smoothly together, containers and other types of cargo are
handled in a highly efficient manner, and fully automated terminals adopt modern tools and technologies that attract skilled employees. Terminal automation and self-driving cars have received a lot of attention in the past few
years, but the automation of container handling equipment and road vehicles is only one step towards the logistics chain of the future.
10. Major Box Deals
Yang Ming Marine Transport Corporation has confirmed the charter for ten newbuilding containerships with Costamare and Shoei Kisen. Under the contract, the two shipowners will order five containerships each ranging between
11,000 and 12,000 TEU. 
The newbuilds are slated to start delivery in 2020 with the last ship from the batch scheduled to be completed in 2021. Once delivered, they will be employed
on a long-term time charter by Yang Ming.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
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London EC3V 0BT,
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