Seacurus Daily: Top Ten Maritime News Stories 18/07/2018




Seacurus Daily: Top Ten Maritime News Stories 18/07/2018

1. Suez Canal Pile Up
An engine failure on the 5,086 teu Aeneas on Sunday sparked a dramatic five- vessel pile up on the Suez Canal, with three ships suffering serious prangs. The accident happened when the
Aeneas lost propulsion while on a southern bound convoy. Three bulkers – Panamax Alexander, Sakizaya Kalon and Osios David – behind the boxship collided in the ensuing mayhem and the canal was closed for a number of hours. Tugs were deployed to move the ships
and as the operation was just about complete the 9,120 teu NYK Orpheus struck the Panamax Alexander.
https://bit.ly/2Lt9ws3
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2. Celebrating IMO Birthday
IMO is celebrating 70 years of helping international shipping become safer, more secure and develop a greener environmental footprint. Celebrations will include a series of events and commemorative productions being released throughout the year.  The
latest is a short animated film which shows how IMO has developed mandatory international regulations covering almost every aspect of shipping. As a result, modern shipping conforms to the highest practicable standards and is the safest, cleanest and most
efficient way to move goods around the world.
https://bit.ly/2L1leOp
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3. Migrants Left to Fate
The maritime rescue NGO Proactiva Open Arms accused the Libyan Coast Guard of abandoning three migrants on the wreckage of a makeshift boat in the Central Mediterranean. Two died shortly before they were found by the rescue
vessel Astral, according to the ship’s physician. Open Arms released a graphic video of the debris field and the remains. 
The Libyan Coast Guard reported Monday that it intercepted a boat with 158 maritime migrants on
board at a position off Khoms. The occupants included 34 women and nine children, the agency said. 
https://bit.ly/2JCHkkU
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4. Tool for Transparent Investment
A new online comparison tool will give investors a more transparent look at listed dry bulk shipping companies. When evaluating the performance of an organisation regular methods include mark to market performance as well
as performance against peers. However, in dry bulk shipping this exercise has proven difficult in the past because of either lack of information available or non-standardised reporting methods. 
As an observer, it is interesting
to see how listed dry bulk shipping companies for years have been able to simplify their reporting methods to a degree which can be directly misguiding for the recipients.
https://bit.ly/2NolUdi
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5. Talking About Mental Health
Seafarers’ mental health is by no means a new phenomenon. However, what is concerning to the maritime community, and beyond is that suicide rates among seafarers have more than tripled since 2014 (according to figures from the UK P&I Club). Suicide is
now one of the most common causes of death at sea. Mental health affects employees from all different industries and fields, and is certainly not isolated to seafarers. It is probably an accepted fact that the younger generation
today spend longer periods of time on social media which can mean less physical interaction with friends and family. 
https://bit.ly/2Jyi674
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6. Dubai on the Rise
Dubai has scored a new milestone in its bid to cement its leadership in the international maritime sector after it was selected as one of the world’s top five in the International Shipping Centre Development Index (ISCD). Backed by legal and legislative
excellence, Dubai is known for its advanced infrastructure, world-class maritime and logistics capabilities–a competitive environment conducive to trade, business and investment, and innovative free zones that match the world’s best. Dubai has overtaken Hamburg,
which fell from fourth to seventh place, apparently confirming emirate’s maritime reputation.
https://bit.ly/2O1lJFQ
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7. US Drug Haul
The U.S. Coast Guard cutter Steadfast capped its latest patrol in the Eastern Pacific with the delivery of 7,800 kilos of cocaine at San Diego’s 10th Avenue Marine Terminal. The haul came from two interceptions conducted by the crew of the Steadfast and
two by the crew of the cutter Alert.  "I continue to be impressed by the dedication and tenacity of the crews aboard our cutters and the difficult, dangerous missions they perform,” said Cmdr. Alain Balmaceda, commanding officer
of the Steadfast. Eight tons of cocaine now won’t reach US streets and hundreds of millions of dollars are being denied to criminals.
https://bit.ly/2L0RbGu
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8. Faith in Low Sulphur Fuels
Assertions have been made that ISO 8217:2017 does not encompass future max. 0.50% sulphur marine fuel oils and these to potentially cause severe safety issues. As these claims create quite some anxiety in the industry, the ISO working group, whilst respecting
the anxiety raised, would like to reassure the industry that the General requirements of ISO 8217:2017 along with the characteristics included in Table 1 and 2 of ISO 8217: 2017 cover 2020 0.50% max. sulphur fuels in the same way as they cover today’s fuels
including the 0.10% max.
https://bit.ly/2uFTZht
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9.  Greece Holds Back Privatisation
Despite the success of the privatisation of Greece’s two leading ports Piraeus and Thessaloniki, port operations is to center on concessions agreements rather than sell-offs as Greek ports endeavour to become more competitive. Since
control of Piraeus was sold to China’s Cosco, the country’s largest port, has become the fastest growing container port in the world according to PortEconomics, the web-based initiative aiming to advance knowledge exchange on seaport studies. Piraeus is seventh
among Europe’s largest trading ports and occupies 38th place worldwide.
https://bit.ly/2Ls5dgG
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10. Pirates Left Empty Handed
Bungling pirates attacked a tanker off Malaysia last month to steal its oil cargo only to find the vessel was empty and were later arrested by the authorities. The tanker Lee Bo was boarded by 14 pirates armed with machetes
and knives while underway off the east coast of Peninsula Malaysia on 1 June. 
“They got on board the ship but realised there was no oil on the tanker,” Masafumi Kuroki, executive director of ReCAAP told reporters at its
half yearly press briefing. Realising their mistake they robbed the crew of 12 of their personal belongings leaving two of the seafarers slightly injured.
https://bit.ly/2uJzP6d
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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,  
33 Gracechurch Street,
London EC3V 0BT,
UK
www.seacurus.com
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