Seacurus Daily: Top Ten Maritime News Stories 25/07/2018




Seacurus Daily: Top Ten Maritime News Stories 25/07/2018

1. COSCO Suffers Cyber Attack
Cosco Shipping’s operations in the United States were hit by a cyber attack yesterday, affecting the company’s daily operations. According to a notice Cosco Shipping Line sent to customers,
the company’s local network and systems suffered a breakdown, and some email communications were not available as a result.
The company suggested that customers use the electronic commerce function of its website instead to submit booking requests, shipping instructions and amendments and it has also provided a list of temporary mailboxes for
emergency use.
https://bit.ly/2v08YTB
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2. Box Loss Investigation
The Australian Transport Safety Bureau has released its preliminary investigation report into the loss of containers overboard from the container ship YM Efficiency, off Newcastle, New South Wales, Australia last month. The
4,300-TEU Liberian-flagged ship operated by Yang Ming Marine Transport lost 81 containers overboard in gale-force weather conditions on June 1, 2018. Another 62 containers were damaged, and there was structural damage to the ship’s gangway, superstructure
and lashing bridges. The ship was on a regular service, calling at ports in China, Taiwan and Australia.
https://bit.ly/2LjpUiJ
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3. Human Rights and Flag States
Human Rights at Sea, in partnership with the University of Bristol Human Rights Clinic and Human Rights Implementation Centre, has published a first report on flag states’ monitoring, reporting and enforcing of human rights
obligations onboard vessels. 
The research team consists of a group of 10 University of Bristol Law School students, and they examined three flag states: Marshall Islands, Saint Kitts and Nevis and the United Kingdom. The
study looked at how these flag states monitor human rights compliance on board vessels and whether or not there is any reporting procedures in place.
https://bit.ly/2uNC5dk
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4. Workers Killed in Blast
Two workers were killed and three others injured in an explosion incident at a dockyard in Chittagong yesterday. According to local reports, the incident occurred when the workers were doing repair work on an oil tanker named
Desh-1 at the Ocean Dockyard in Shikalbaha, Chittagong. 
Five workers were removing rust from the vessel when a gas cylinder suddenly exploded, leading to the death of the two workers. The
injured were sent to Chittagong Medical College Hospital (CMCH) for treatment. Two of the injured are in critical condition and another worker suffered minor injury as he jumped off from the ship.
https://bit.ly/2LJGdBK
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5. Oversupply Hitting Routes
Oversupply of shipping capacity rather than trade wars caused the recent rationalisation in transpacific and Asia-US east coast container services, with US tariffs on Chinese goods largely hitting non-containerised goods, so far. Last
week, 2M and Zim agreed to combine their Asia-US east coast container services, dropping from seven independent loops to five. 
Overall, the second quarter of the year saw Asia-US east coast traffic plunge 13%, year on
year, in April, and 8% in May.
https://bit.ly/2uNCAUD
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6. China Boosting IMO
Tighter rules on shipping emissions around China’s coastlines from the start of next year is a clear sign the world’s No. 2 economy will strive for 100 percent compliance when the global sulphur emissions cap starts in 2020, consultants Wood Mackenzie
said on Tuesday. On July 9, China’s Ministry of Transport announced it would extend its emission control areas (ECAs) to include the country’s entire coastline from 2019.
https://bit.ly/2mI7jyk
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7. Holland Struggling with Drought
The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector. The
summer of 2018 looks set to overtake 1976 as the driest one on record in the Netherlands, with almost no rain for two months and currently not expected until well into August. 
An enduring heat wave is expected to take
temperatures to above 35 degrees Celsius later this week, and the Dutch national weather institute issued a warning for “extreme weather” on Tuesday, urging people to take precautions.
https://bit.ly/2LCk6QA
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8. Cruise Ship as Yard Accommodation
Genting Hong Kong is redeploying an older cruise ship to one of its own shipyards in order to provide staff accommodations during the construction of its next-generation vessels. The 1988-built SuperStar Libra, owned and operated by Genting’s Star Cruises
brand, will be moored at Genting’s MV Werften yard in Wismar beginning in August.  "It’s a clever idea to use the SuperStar Libra for us as a living ship. The accommodation situation is so much more relaxed and the paths are
significantly shorter," said MV Werften CEO Petter Fetten. 
https://bit.ly/2uZSxqg
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9.  Carnival of Diversity and Inclusion
Carnival Corporation has been included in the first-ever NAACP Equity, Inclusion and Empowerment Index, which assesses U.S. companies on their commitment to racial and ethnic equity.  Carnival Corporation’s dedication to
diversity and inclusion has been a priority under the leadership of Arnold Donald, CEO since July 2013. A strong believer that diversity drives innovation, Donald has appointed numerous diverse and dynamic leaders from a wide variety of backgrounds into leadership
roles – as presidents of the company’s cruise line brands and in key roles within the company.
https://bit.ly/2LzfZF7
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10. Hyundai Joins Shipping Exchange
South Korean shipping company Hyundai Merchant Marine (HMM) has become the newest carrier member of the New York Shipping Exchange (NYSHEX). The digital contracting platform provides the entire supply chain with more clarity
with fully enforceable ocean freight contracts . 
In less than a year, NYSHEX has brought on six of the top global ocean carriers as members, representing a combined 52 pct of the global capacity – Maersk Line, Hapag Lloyd,
CMA CGM, MOL, OOCL, and COSCO. NYSHEX current ocean carrier members represent all three major container shipping alliances: H+2M, Ocean Alliance and THE Alliance.
https://bit.ly/2LzK9bn
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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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