Seacurus Daily: Top Ten Maritime News Stories 19/07/2018




Seacurus Daily: Top Ten Maritime News Stories 19/07/2018

1. Lowest Piracy Figures in Years
The ReCAAP Information Sharing Centre (ISC) today released its half-yearly report, with good news to report as the levels of attacks on ships in Asia have dropped to their lowest levels in a decade. There
were a total of 40 incidents reported from January to June 2018, of which 29 were actual incidents while 11 were attempted cases. Of the 40 incidents reported, 37 (92%) were armed robbery against ships and three (8%) were piracy. This marks a 15% decrease
compared to the same period in 2017 in the number of incidents reported. This is also the lowest number among the 10-year period (2009-2018) of January to June. 
https://bit.ly/2uLNp91
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2. Port Executives Held
A director of Malaysia’s Sabah Ports and Harbours and three directors from the port’s contractors have been remanded by authorities to assist in alleged corruption investigations related to shipping arrangements between 2016 and 2018. The
four officials are allegedly involved in offering bribes to a civil servant in a ship maintenance contract and will be detained by the Malaysian Anti-Corruption Commission (MACC) for two to four days. 
MACC also conducted
a search at the houses of the four suspects during the arrest. The amount of money involved in the alleged misconduct is still under MACC investigation.
https://bit.ly/2usNrU3
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3. Getting Cargo Smart
OOCL’s container software arm, CargoSmart, has developed a blockchain solution for shipment documentation. CargoSmart said it has created a “digital baseline for trusted shipment documentation
management” across the shipping and logistics industry. 
“Shippers, forwarders, carriers, truckers, and customs agencies will be able to collaborate more efficiently through the platform for a single version of truth and
an immutable audit trail with low latency,” CargoSmart stated. 
A single shipment can involve more than 30 documents exchanged by all parties, often with multiple revisions due to human errors, before it leaves port.
https://bit.ly/2mr491t
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4. Pacific Trade Contracting
Close to 7% of the total capacity on the transpacific container tradelane has been yanked in the past four weeks, according to analysis from Alphaliner. “The fall-out from mounting Sino-US trade tensions is starting to be felt,”
Alphaliner reported in its latest weekly report, with three transpacific service withdrawals announced in the last four weeks. 
THE Alliance and OCEAN Alliance will each take out one Asia – US West Coast string at the end
of July and August, respectively, following the 2M carriers’ decision to withdraw one of their transpacific strings at the end of June.
https://bit.ly/2uwf2nn
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5. OSG US Tanker Move
U.S.-flag tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea for the construction of two 50,000 dwt product chemical tankers. The vessels
are scheduled for delivery during the seoncd half of 2019 and will be built at HMD’s yard in Ulsan, South Korea. 
Upon delivery the ships will operate in the U.S. flag market on trades served by OSG’s existing vessels.
https://bit.ly/2uKfFJk
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6. Libyan Oil Development
Officials from the United Arab Emirates have been involved in secret talks with renegade Libyan General Khalifa Haftar to facilitate the export of oil outside of UN-approved channels, an investigation by the Wall Street Journal has revealed. Haftar’s
forces moved to take control of several ports in the country’s oil crescent last month, cutting off exports of some 850,000 barrels a day. This pushed the price up to $80 a barrel to be exported through a breakaway company, which the UAE is alleged to have
supported. 
The move caused widespread concern internationally.
https://bit.ly/2LuqS7V
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7. Felixstowe Woe Continues
The Port of Felixstowe says the performance of its troubled new terminal operating system is continuing to stabilise, however, productivity levels remain similar to a week earlier. Some six weeks after installing the terminal
operating system the UK port is still struggling to get its operations back to normal.
Shedding some light on what is actually going wrong with the new system the port said in an update on Tuesday that: “A number of issues, including inaccurate data about the position of some containers in the yard, have been
successfully resolved.
https://bit.ly/2uxQRop
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8. Change to Seafarer Shoreleave
Seafarers wanting to embark/disembark in the Port of Fujairah, UAE will now require a 96-hour in advance online visa. Until now the port had granted visas on arrival for 48 countries, however, according to GAC this will no
longer be available and instead seafarers will require a 96 hour online visa under a new rule implemented by Fujairah Port Immigration.
https://bit.ly/2L6ztBB
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9. Vessel Runs Aground
The Netherlands-flagged cargo ship ran aground on the Pentland Skerries, some 5 nautical miles northeast of Duncansby Head. The incident involving the 3,200 dwt Priscilla occurred just after 3.30 am on July 18. The
89-meter-long ship – with six people onboard – has reported no significant damage and there is no sign of any pollution on scene, according to the coastguard. 
“At this stage the vessel is stable and the crew on board are
safe and well and there is no risk to life. This incident is ongoing and we will provide further updates as the situation develops,” Kaimes Beasley, Duty Controller for HM Coastguard, said.
https://bit.ly/2JDkrNY
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10. Flag Waives Finance Rules
The Republic of Liberia has responded to the needs of shipowners and the ship financing and legal community by amending Liberian maritime law to allow lease financing structures to be recorded as mortgages. As a result, Liberia is the only flag state with
preferred status in China able to record financing charters. The advantages offered to the shipping industry by Liberia as a result of the changes made to the country’s maritime law are by no means limited to leasing houses in
China, but rather are available to all stakeholders, worldwide. Lease structures for ship financing are, however, increasing in popularity in Asia.
https://bit.ly/2LfPV1J
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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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