Seacurus Daily: Top Ten Maritime News Stories 30/07/2018

Seacurus Daily: Top Ten Maritime News Stories 30/07/2018

1. Polar Shot by Cruise Guard
A polar bear has been shot dead after injuring a guard working for cruise ship tourists visiting an Arctic archipelago in Norway. The bear was shot dead by another employee, Hapag Lloyd
Cruises said after the incident on Saturday. 
The Joint Rescue Coordination for Northern Norway said on Twitter that the attack had occurred when tourists from the cruise ship MS Bremen landed on the northernmost island
of the Svalbard archipelago, a region between mainland Norway and the North Pole known for its glaciers, reindeer and polar bears.
2. Ransomware Attack Spreads
The ransomware attack that hit CoscoÂ’s US operations has spread. The cyber attack has resulted in what the company is describing as a network failure across the Americas, with CoscoÂ’s operations in the US, Canada, Panama, Argentina, Brazil, Peru, Chile
and Uruguay all affected. Emails, local websites and phone systems in these countries remained down as the company desperately seeks to get its systems back online with some employees resorting to using Yahoo email addresses to contact clients. Cosco
has also suspended taking hazardous cargo and awkward cargo bookings in the Americas until the problem is fixed.
3. Koreans Look After Their Own
The newly launched Korea Ocean Business Corporation announced support for 10 small to medium shipping lines to help revive the nation’s maritime sector. Yonhap News reports that the state-run
corporation will provide sale and lease back assistance for 10 vessels, a move designed to give the companies fresh funds without business disruption. The support will exceed $66 million, and the recipients include Daebo International Shipping, Dong-A Tanker
and DM Shipping. 
The financing is expected to be completed by November.

4. Fighting Box Fires
The sight of drifting, abandoned container vessels with flames billowing from the containers on her deck, are all too common, so the question must be asked: is it not time the marine industry finally does something about this? To
begin to address a problem it is first necessary to isolate the main cause and in this case that is the increasing distance between the forwarders, shippers and vessel owners and the actual cargoes for which they are responsible. 
inexorable rise of the shipping container means it is increasingly common for cargo to be shipped ‘door to door’ in full container loads, with too little knowledge of contents.
5. Nigeria Tackling Corruption
The private maritime sector and Nigerian authorities have undertaken an anti-corruption project together with the aim of port calls being conducted without demands for in-kinds payments, harassment or the threat of illicit delays. Nigeria
can be a challenging place to do business in, with unlawful demands commonplace, says Danish Shipping, a trade and shipowner organization. For the shipping industry there are numerous steps in the vessel clearance process which lead to inefficient operations
and increase the opportunity for illegitimate demands in ports.

6. Cautious About Wind Farms
With the U.K. Government poised to approve millions of pounds’ worth of new offshore wind developments, the U.K. Chamber of Shipping has warned that coordination and forward planning is necessary to ensure new windfarms do not endanger vessels, lives or
the environment.  The Government has announced a new round of contracts for May 2019 and intends to run subsequent auctions every two years after that. At the same time, eight applications have been received to extend existing
windfarms. Such developments could potentially see between 60 and 140 turbines every year during the 2020s.

7. EU Recycling Rules Approach
In five months from today, the European Union will be implementing regulations mandating that all the end-of-life EU-flagged vessels will have to be recycled in facilities that are included in the European list of approved ship recycling facilities. While
at present about 95 percent of the global recycling takes place in five countries, all outside Europe, on the other hand the European list of approved yards currently only contains yards that are located in the European Union.
8. Concerns on Contaminated Fuel
Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the worldÂ’s largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company. Singapore-based
marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had “resulted in severe sludging at centrifuges, clogged pipelines, overwhelmed fuel filters”.

9.  Pac Basin on Rise
Pacific Basin Shipping (2343), has announced unaudited interim net profit of US$30.8 million (HK$241.74 million), compared with a net loss of US$12 million last year. The company declared an interim dividend of HK$2.5 cents. The
basic earnings per share was HK$5.5 cents. 
Revenue grew by 13.19 percent to US$795.6 million. Pacific Basin acquired five modern vessels and operated an average of 225 vessels by the
end of June.
10. Facts on Breaking
There were a total of 220 ships sent for demolition in the second quarter of 2018, with 169 of those sold to South Asian shipbreakers where they are driven ashore and dismantled by hand within the tidal zone, the NGO Shipbreaking Platform said in its Q2
report. Between April and June, the Platform tallied 6 deaths and 7 workers severely injured when breaking ships in Chittagong, Bangladesh. Another worker was reported dead after an accident at a shipbreaking yard in Alang, India.  So
far this year, Platform sources have recorded 18 deaths and 9 injuries in South Asia.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
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