Seacurus Daily: Top Ten Maritime News Stories 08/08/2018




Seacurus Daily: Top Ten Maritime News Stories 08/08/2018

1. More US Tariffs Set
The Office of the United States Trade Representative has announced 25 percent tariffs on $16 billion in Chinese goods starting August 23, saying they are a response to China’s unfair trade practices related to the forced
transfer of American technology and intellectual property. 
U.S. President Donald Trump aims to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods on July 6. The
latest list includes semiconductors from China, even though many of the basic chips in these products originate from the U.S., Taiwan or South Korea, reports Reuters. 
http://bit.ly/2M51Uk1
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2. Ship in Hit and Run
In the early hours of Tuesday morning, a merchant vessel ran down a fishing boat off the coast of Kochi, India, killing at least three people, injuring two and leaving nine missing. According to a survivor, the vessel did not stop to render assistance,
making the accident the third maritime hit-and-run off Kochi in as many months.  The fishing boat Oceanic departed Kerala and was stationary at a position about 23 nm off the coast. At 0330 hours, it was struck and flipped by
a large vessel. One of the survivors told police that the fishing boat was hit at the stern, and that he was the only one awake at the time of the collision. 
http://bit.ly/2KCeIbD
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3.  Preliminary Reports on Duck Loss
The National Transportation Safety Board has released a preliminary report on the July 19, 2018, sinking of the amphibious passenger vessel Stretch Duck 7, owned and operated by Ride the Ducks Branson, in Table Rock Lake,
near Branson, Missouri. 17 people died in the incident, including one crewmember. 
Local forecasts at the time included thunderstorm warnings, and winds of over 70 mph were encountered by a nearby vessel. The Stretch Duck
7 was carrying 31 people: 29 passengers and two crewmembers. The vessel sank in approximately 15 feet of water and came to rest on the lake floor at a depth of 70 feet. 
http://bit.ly/2vRm2v0
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4. Rem Swoops on Emas
Norwegian OSV operator Rem Offshore has acquired the 2012-built PSV Lewek Aquarius from struggling offshore firm Emas Offshore, part of Singapore’s Ezra Holdings. Fredrik Remøy, CEO of Rem Offshore told Norwegian local media
Hegnar that the company acquired the vessel at a significantly reduced price. 
The vessel has been fixed to a major seismic contractor under a three-year contract and it will be retrofitted in Singapore before the commencement
of the contract.
http://bit.ly/2M4SFA4
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5. Jet Ski People Smuggling Plot
A court in the UK has convicted six men of conducting a "staggeringly reckless" plot to smuggle migrants across the English Channel using small boats and a jet ski.   According to investigators, Albanian nationals Artur Nutaj
and Saba Dulaj, recruited Albanian migrants in the north coast of France for voyages across the Channel. A Kent-based group, led by the Powell family – father Leonard and his sons George and Alfie – provided the transportion. The group charged up to $7,500
per person to travel across the world’s busiest shipping lane, at night, with inexperienced crews and no lights or radar, according to prosecutors.
http://bit.ly/2vrqssW
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6. Maersk Shares Rally
Shares in A.P Moller-Maersk A/S rose as much as 6.9 percent, the most since December 2016, after the world’s largest container line said freight rates had recovered from their drop in the second quarter. The company made
the comments as it lowered its full-year outlook, a move the market had already priced into the shares. 
“Freight rates have restored after a significant drop in Q2, and volumes are growing in line with market,” Chief Executive
Officer Soren Skou said in the statement. “We delivered good progress in Q2 on revenue, volumes and unit cost across our business, and results improved from a weak Q1.”
http://bit.ly/2M4KWSL
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7. Venezuela Offshore Oil Plans
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But the
OPEC member nation is still fulfilling less than 60 percent of its obligations under supply deals with customers. 
Venezuela has been pumping oil this year at the lowest rate in three decades after years of underinvestment
and a mass exodus of workers. The state-run firm’s collapse has left the country short of cash to fund its embattled socialist government and triggered an economic crisis.
http://bit.ly/2vLBDvT
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8. Collision off Gibraltar Investigated
The U.K. Marine Accident Investigation Branch has launched an investigation into a collision between the UK registered container ship ANL Wyong and an Italian registered LPG tanker off the coast of Gibraltar on Saturday. The
collision occurred approximately 4 miles south east of Gibraltar. 
Both vessels suffered damage in the collision but no pollution or injuries were reported. The 2008-built ANL Wyong
is 260 meters in length and has deadweight of 52,000 tonnes. 
The LPG carrier, named King Arthur, was built in 2011 and is 103-meter and has deadweight of 5,300 tonnes.  
http://bit.ly/2M5ojNd
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9.  Liberia Embracing Tech on Certificates
Liberia continues to deploy significant improvements to its state-of-the-art web-based client interface system, WayPoint, by enhancing certificate security features, introducing a QR Code symbol for electronic certificates and streamlining the procedure
for document verification. WayPoint was launched in late-2016 to provide the owners and operators of Liberianflag ships with secure, real-time, user-friendly access to their fleet details, as well as to facilitate International Convention certification applications.
It was upgraded last year to include a number of major improvements designed to help owners and operators.
http://bit.ly/2M599Yn
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10. Fire Ravaged VLCC Under Tow
Front Hakata, a very large crude carrier (VLCC) owned by John Fredriksen’s Ship Finance International, which was adrift following an engine fire, has been taken under tow, according to the Japanese Ministry of Land, Transport and Tourism. The
ship suffered an engine room fire on August 5 while anchored near Chiba Prefecture, Japan, fully loaded as it was pending docking in Chiba. 
According to local reports, the fire has been extinguished and there is no danger
of it spreading to cargo tanks. There have been no injuries to the 25 crew members on board and no reports of environmental pollution.
http://bit.ly/2vsSJiZ
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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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