Seacurus Daily: Top Ten Maritime News Stories 26/07/2018
1. Piracy Focused on West Africa
The second quarterly report from the ICC IMB shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in six separate incidents. A total of 107 incidents were reported to the IMB Piracy Reporting Centre
(PRC) in the first six months of 2018. In total, 69 vessels were boarded, with 23 attempted attacks, 11 vessels fired upon and four vessels hijacked. No vessels were reported as hijacked in the second quarter of 2018.
(PRC) in the first six months of 2018. In total, 69 vessels were boarded, with 23 attempted attacks, 11 vessels fired upon and four vessels hijacked. No vessels were reported as hijacked in the second quarter of 2018.
https://bit.ly/2Ln5SUr
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2. Could Opportunities Open Up
In the wake of ZIMs landmark signing with MSC and Maersk from Asia to the US East Coast could this container trade lane be set for new entrants? The strategic cooperation, set to run for an initial four years, will see the removal of two strings on the
trade lane, equivalent to a 5.25 reduction in total Asia – US East Coast weekly capacity from 161,700 TEU as ay July 2018 to 153,300 in September,
trade lane, equivalent to a 5.25 reduction in total Asia – US East Coast weekly capacity from 161,700 TEU as ay July 2018 to 153,300 in September,
https://bit.ly/2Aj4VYv
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3. Felixstowe Woe Easing
The Port of Felixstowe reported an improvement in volumes handled last week, although still lower than expectations, as it continues to grapple with problems caused by its new terminal operating system installed last month. In
an update the Hutchison Ports run facility said that the UK terminal handled 74,000 teu last week up from 70,000 teu the previous week. However, this was lower than the previous year and the operators expectations.
an update the Hutchison Ports run facility said that the UK terminal handled 74,000 teu last week up from 70,000 teu the previous week. However, this was lower than the previous year and the operators expectations.
https://bit.ly/2AbqLNq
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4. Grounding Plan Approved
Officials in the U.K. have approved the salvage plan for the cargo ship M/V Priscilla which remains hard aground on the Pentland Skerries off the coast of Scotland. The 89-meter Netherlands registered cargo ship ran aground
in the Pentland Firth off Scotland last Wednesday, 18 July 2018, and initial to refloat the vessel were unsuccessful. The vessel continues to be in stable condition and no pollution has been reported.
in the Pentland Firth off Scotland last Wednesday, 18 July 2018, and initial to refloat the vessel were unsuccessful. The vessel continues to be in stable condition and no pollution has been reported.
https://bit.ly/2uNLKk0
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5. Company Suspension Lifts
The Nigerian Ports Authority (NPA) says it has reviewed a suspension of four container lines that included Maersk Line and Cosco Shipping, giving them two weeks to comply with measures on holding bays for containers, while the lines themselves say they
have done nothing wrong. The NPA had suspended local operations of Maersk, Cosco Shipping, APS and Lansal at Lagos Port from 14 July claiming failure to apply a directive providing holding bays for containers.
have done nothing wrong. The NPA had suspended local operations of Maersk, Cosco Shipping, APS and Lansal at Lagos Port from 14 July claiming failure to apply a directive providing holding bays for containers.
https://bit.ly/2JUss1r
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6. End of Trade Intermediaries
Blockchain technology is expected to have a profound impact on trade and transport, according to UNCTAD and the UNECEs United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). The technology aims to
simplify and streamline trade processes, offering greater transparency, cutting time and costs. In its current form, trade processes require the use of many intermediaries that physically handle, process and transport
goods.
simplify and streamline trade processes, offering greater transparency, cutting time and costs. In its current form, trade processes require the use of many intermediaries that physically handle, process and transport
goods.
https://bit.ly/2uYUVNY
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7. Freight Leaps on Russian Front
Freight costs for coal delivery from Russian southern and NW ports rose in July amid early start of grain exports from Russias Azov and Black Sea ports and a sudden shortage of available vessels in Baltic and Barents Sea ports. Freight
rates for small bulk carriers on routes from southern ports rose by up to $8/t month on month, while rates for prompt Panamax coal deliveries from Russias northwestern ports increased by $1-2/t on the month in July.
rates for small bulk carriers on routes from southern ports rose by up to $8/t month on month, while rates for prompt Panamax coal deliveries from Russias northwestern ports increased by $1-2/t on the month in July.
https://bit.ly/2mGnf3Z
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8. Rise in Arbitration Hits Crews
As cruise lines seek arbitration, Filipino seafarers become more vulnerable. Last week, Norwegian Cruise Line asked a federal judge to order arbitration in the Philippinesinstead of a court trial in the United Statesto settle a negligence lawsuit brought
by the family of a Filipino seafarer who died nearly two years ago while participating in a rescue drill aboard a cruise ship.
by the family of a Filipino seafarer who died nearly two years ago while participating in a rescue drill aboard a cruise ship.
https://bit.ly/2Aj7ERJ
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9. Pitiful Wages Being Paid
The crew members of Rise Dignity, the oil tanker from which four unlisted Indian trainee sailors were rescued on Saturday, were being paid only a fifth of the basic pay as specified by an international convention. The
low payment means in case of an accident, the crew will get a meagre compensation calculated on the basis of basic pay. Ports are liable to check these details in case of an incident or during routine checks.
low payment means in case of an accident, the crew will get a meagre compensation calculated on the basis of basic pay. Ports are liable to check these details in case of an incident or during routine checks.
https://bit.ly/2JThnNZ
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10. Need to Ease Oversupply
The need to alleviate tonnage oversupply is still a major concern among ship owners. However, over the past few weeks, sales of older ships for scrap havent been exactly booming. In its latest weekly report, shipbroker Clarkson Platou Hellas commented
that the mood in the sub-continent continued to amble along last week with only smaller ldt tonnage seemingly being proposed to buyers as the summer slowdown continues.
that the mood in the sub-continent continued to amble along last week with only smaller ldt tonnage seemingly being proposed to buyers as the summer slowdown continues.
https://bit.ly/2LoD0Lu
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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
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