Seacurus Daily: Top Ten Maritime News Stories 13/07/2018
1. Hapag-Lloyds Fights Back
CMA CGM has made overtures to German rival Hapag-Lloyd, but the merger talk was flatly rejected. In comments reported by Alphaliner from an intriguing annual general meeting in Hamburg yesterday, key Hapag-Lloyd shareholder
Klaus-Michael Kühne, said: Hapag-Lloyd would rather take over CMA CGM than vice versa. Officials at Hapag-Lloyd yesterday denied a Reuters report claiming the French liner had held discussions with its Hamburg counterpart
over an all share, no-cash merger. A spokesperson for Hapag-Lloyd said, There is no substance in the rumours.
Klaus-Michael Kühne, said: Hapag-Lloyd would rather take over CMA CGM than vice versa. Officials at Hapag-Lloyd yesterday denied a Reuters report claiming the French liner had held discussions with its Hamburg counterpart
over an all share, no-cash merger. A spokesperson for Hapag-Lloyd said, There is no substance in the rumours.
https://bit.ly/2NOzuaX
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2. New Underpay Ban
The Australian Maritime Safety Authority (AMSA) has banned the Hong Kong-flagged bulk carrier Shandong Hai Wang for 12 months after it was discovered that crew had been deliberately underpaid. The ship is owned by Chinese owner Shandong Shipping. Last
Friday AMSA received information from the International Transport Workers Federation alleging discrepancies in the payment of crew wages. AMSA surveyors boarded the ship on arrival in Gladstone on Saturday to investigate
the allegations.
Friday AMSA received information from the International Transport Workers Federation alleging discrepancies in the payment of crew wages. AMSA surveyors boarded the ship on arrival in Gladstone on Saturday to investigate
the allegations.
https://bit.ly/2NNa2CT
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3. Kea Trader Challenge Continues
The challenging task of removing the containership Kea Trader from a rock reef in the south Pacific continues today, exactly one year on from the grounding. In the year to date salvors
have managed the removal of 1,009 cubic metres of heavy fuel oils (HFO), diesel and other lube oils, and more recently oily polluted water; along with 697 of the original load of 782 containers and flat-racks onboard. More recently, 400 tonnes of other materials
including furniture, computer equipment, partitions, false ceilings, mooring lines and other potential flotsam have been removed from the wrecked 2017-built vessel.
have managed the removal of 1,009 cubic metres of heavy fuel oils (HFO), diesel and other lube oils, and more recently oily polluted water; along with 697 of the original load of 782 containers and flat-racks onboard. More recently, 400 tonnes of other materials
including furniture, computer equipment, partitions, false ceilings, mooring lines and other potential flotsam have been removed from the wrecked 2017-built vessel.
https://bit.ly/2ufVrI0
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4. Port Battle Halts
The Saudi- and UAE-backed campaign to retake the port of Hodeidah, Yemen from Houthi rebels has come to a near-halt, one month after Yemeni government forces began their offensive. Despite promises of a quick, decisive victory that would give the Saudi-led
coalition new leverage in negotiations with the Houthis, the battle lines remain stalled at Hodeidah’s airport, which lies on the other side of the city from the port complex. While the fighting has slowed, the coalition has
not indicated any change in its desire to retake the port and expel Houthi forces from the city.
coalition new leverage in negotiations with the Houthis, the battle lines remain stalled at Hodeidah’s airport, which lies on the other side of the city from the port complex. While the fighting has slowed, the coalition has
not indicated any change in its desire to retake the port and expel Houthi forces from the city.
https://bit.ly/2KPhG1H
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5. Libya Regains Control
The National Oil Corporation of the Tripoli-based government of Libya announced it has regained control of the oil terminals at Ras Lanuf, Es Sider, Hariga and Zuetina. NOC staff have returned to the facilities after a hand-off from forces aligned with
Khalifa Haftar, a militia leader who controls the eastern half of Libya’s coast. Export loading has resumed at Hariga, and operations at Zuetina were expected to restart quickly. However, the terminals at Es Sider and Ras Lanuf
suffered varying degrees of damage in fighting between the LNA and a competing militia last month, and they may take longer to resume loadings.
Khalifa Haftar, a militia leader who controls the eastern half of Libya’s coast. Export loading has resumed at Hariga, and operations at Zuetina were expected to restart quickly. However, the terminals at Es Sider and Ras Lanuf
suffered varying degrees of damage in fighting between the LNA and a competing militia last month, and they may take longer to resume loadings.
https://bit.ly/2uq12dK
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6. Rates of Return on Rise
The internal rate of return, or simply the IRR, is the magic figure that private equity fund managers, shipping-focused investors and affluent shipowners alike employ to determine if an investment makes sense. The investment
firm recently launched by the prominent Greek shipowner George Livanos and two bankers, as well as the launch of Schulte Groups shipping fund, has prompted me to explore the power of IRR and engage in some simple number crunching.
firm recently launched by the prominent Greek shipowner George Livanos and two bankers, as well as the launch of Schulte Groups shipping fund, has prompted me to explore the power of IRR and engage in some simple number crunching.
https://bit.ly/2JiQEdk
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7. Short Sea Goes Long
Norwegian short sea specialist Wilson has entered into an agreement to acquire 2008-built 3,605dwt bulker Aveiro for 3.475m ($4.06m). Equasis lists the current owner of the vessel as Germanys Kapitan Siegfried Bojen-Schiffahrtsbetrieb,
although it has been on charter to Wilson. Wilson says it expects to take delivery of the vessel before the end of September, when it will be renamed.
although it has been on charter to Wilson. Wilson says it expects to take delivery of the vessel before the end of September, when it will be renamed.
https://bit.ly/2KUKS7l
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8. Clean Up Op Begins
Shreyas Shipping and Logistics have started the oil cleanup and salvage works for the companys grounded boxship SSL Kolkata following a major explosion and fire onboard the vessel on June. The vessel remains aground in soft
mud some 7.5 nautical miles off the Indian Sunderbans, Kolkata, West Bengal. A team from Oil Spill Response has now arrived on site and is in the process of managing the counter pollution response. Salvage contractor SMIT
Salvage has mobilised their SMIT Borneo platform which is currently en route to the casualty site to assist with remaining bunker, cargo, and debris removal operations.
mud some 7.5 nautical miles off the Indian Sunderbans, Kolkata, West Bengal. A team from Oil Spill Response has now arrived on site and is in the process of managing the counter pollution response. Salvage contractor SMIT
Salvage has mobilised their SMIT Borneo platform which is currently en route to the casualty site to assist with remaining bunker, cargo, and debris removal operations.
https://bit.ly/2mfTnva
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9. Port Hackathon Announced
This October, the Port of Los Angeles and the Port of Antwerp will simultaneously host an international "hackathon" to generate new ideas and technology solutions for port operations. The competition will be open to entry
for teams from around the world, and challenge subjects will include inter-port information sharing, mobility, safety and security. The results will be presented to a jury of experts on the final day, and winners ideas could be further developed through a
business and academic follow-up track.
for teams from around the world, and challenge subjects will include inter-port information sharing, mobility, safety and security. The results will be presented to a jury of experts on the final day, and winners ideas could be further developed through a
business and academic follow-up track.
https://bit.ly/2NJLTgm
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10. Hamburg Sud Slashes CO2
German liner company Hamburg Süd has reduced its CO2 emissions by 40 percent per TEUkm by the end of 2017 compared to the base year 2009, the company said in its Sustainability Report. The reduction is in line with the companys
45 pct CO2 reduction target set for 2020. However, as a result of the acquisition by Danish liner giant Maersk Line, the company will no longer be able to pursue its environmental target single-handedly. We
are confident that under the new management our fleet will continue to play its part in achieving emission reduction targets, Hamburg Süd said.
45 pct CO2 reduction target set for 2020. However, as a result of the acquisition by Danish liner giant Maersk Line, the company will no longer be able to pursue its environmental target single-handedly. We
are confident that under the new management our fleet will continue to play its part in achieving emission reduction targets, Hamburg Süd said.
https://bit.ly/2uineaN
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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,
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London EC3V 0BT,
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