Seacurus Daily: Top Ten Maritime News Stories 10/07/2018

Seacurus Daily: Top Ten Maritime News Stories 10/07/2018

1. CMA CGM Eyes Merger
The world’s no. 3 container shipping line CMA CGM of France has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance
sources say. 
Three finance sources with knowledge of the matter, who declined to be named due to market sensitivity, said CMA CGM had initiated discussions in recent months with Hapag-Lloyd, which is ranked fifth globally,
to look into some form of share merger of the two groups. 
"The idea which has been proposed… would be a non-cash merger," one source said.

2. Scrubbing Up Well
George Economou’s TMS Group has signed a major deal with South Korean equipment company Panasia to acquire scrubber systems for its fleet. Under the agreement, Panasia will supply its PaSOx De-Sox scrubber systems to a total
of 53 vessels owned by TMS Tankers and TMS Bulkers. The total value of the contract is KRW75bn ($67m). 
With less than 18 months to go until the IMO-mandated sulphur cap comes into place, more shipowners have chose to install
the scrubber system for their fleets. Recently, major owners including Frontline, DHT and Spiethoff have all signed contracts to install scrubber systems on their ships.
3. Flags Need Tech Too
Ship registries have to embrace technology as smart ships will continue to be the driving force for the new decade, argues Panos Kirnidis, the CEO of the Palau International Ship Registry (PISR). “We
are not completely in a digital world as far as shipping goes but we are on the cusp of real change and our investment in technology and people are both linked to the future. Ship registries have to embrace technology because there are so many issues such
as fast registration, cyber-security, regulatory controls, financial clarity and operational excellence that are reliant on technology,” says Kirnidis.
4. US Retail Import Surge
Driven by increasing consumer demand and rising retail sales, imports at the U.S.’s major retail container ports are expected to set a new record this month even though new tariffs on goods from China just took effect, according to the monthly Global Port
Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow
for the foreseeable future,” said NRF Vice President for Supply Chain and Customs Policy Jonathan Gold.
5. South Korean Indian Push
South Korean President Moon Jae-in, is visiting India for the first time seeking to expand cooperation on a range of industries including shipbuilding.  Moon said he was committed to raising South Korea’s relations with India
to the level of those with China, Japan, Russia and the U.S – a election pledge he made.
“India is witnessing dynamic development,” Moon said, adding that his country would contribute actively to the “Make in India” policy, noting some 500 South Korean companies are already doing business in India. He also
asked Indian companies to invest in South Korea.

6. Women In Maritime
“Empowering Women in the Maritime Community” has been selected as the World Maritime Day theme for 2019, the IMO informed. This will provide an opportunity to raise awareness of the importance of gender equality, in line
with the United Nations’ Sustainable Development Goals (SDGs), and to highlight the important contribution of women all over the world to the maritime sector. 
“IMO has a strong commitment to helping achieve the Sustainable
Development Goals (SDGs) and continues to support the participation of women in both shore-based and seagoing posts,” Kitack Lim, IMO Secretary-General, said.
7. Offshore Wage Talks
Wage talks between hundreds of workers on Norwegian oil and gas offshore rigs and their employers went into overtime on Tuesday, and could lead to a strike if they fail. A state-appointed mediation between trade unions Safe
and YS and employers’ organisation the Shipowners’ Association passed a midnight deadline. 
Some 669 workers could walk out from Tuesday and could potentially increase to 2,250 workers if the conflict is not resolved.
8. Panama China Free Trade
Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panama’s Minister for Trade and Industry
Augusto Arosemena said the first round of talks would last until Friday, July 13, and establish the basis for the rest of the negotiation.
9. Incredible Maritime Bravery
A Chinese diver who rescued three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea. Zhong Haifeng, senior diver and deputy of the engineering team of Guangzhou Salvage, was nominated by China and selected by
an IMO panel.  On the morning of November 27, 2017, the bulker Jin Ze Lun collided with the freighter Shun Jin Long at the port of Guangzhou. The Shun Jin Long remained afloat, but the Jin went down shortly after the collision.
Two out of the 14 crew on board were immediately rescued by local maritime authorities, but the others remained missing.
10. Embracing Navigational Changes
Mitsui O.S.K. Lines has unveiled a wide-ranging research partnership aimed at developing an advanced navigation support system. The company said it jointly agreed on the project with MOL Techno-Trade, National Institute of
Maritime, Port and Aviation Technology, and Tokyo University of Marine Science and Technology. 
In the joint study, all parties will conduct basic research on advanced navigation support system, which is indispensable for
safe navigation of conventional ships as well as the autonomous ships of the future.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
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