Seacurus Daily: Top Ten Maritime News Stories 10/08/2018

Seacurus Daily: Top Ten Maritime News Stories 10/08/2018

1. Next Round of Tariffs
The US has unveiled a list of around USD 16 billion worth of imports from China that will be subject to a 25 percent additional tariff. The countryÂ’s Customs and Border Protection will
begin to collect the additional duties on the Chinese imports on August 23, 2018. 
The move is part of the US response to China’s trade practices related to the US-called “forced transfer of American technology and intellectual
This is the second time the US has imposed tariffs on Chinese goods. On July 6, the US tariffs on USD 34 billion in Chinese products, containing mostly machinery and electronics, took effect.

2. Maersk IBM Launch Scheme
A.P. Moller – Maersk and IBM have launched global blockchain solution TradeLens, with 94 organizations already participating. Early adopters include more than 20 port and terminal operators across the globe, including PSA
Singapore, International Container Terminal Services Inc, Patrick Terminals, Modern Terminals in Hong Kong, Port of Halifax, Port of Rotterdam, Port of Bilbao, PortConnect, PortBase and terminal operators Holt Logistics at the Port of Philadelphia. They join
the global APM Terminals’ network in piloting the solution at over 230 marine gateways worldwide.
3. Ship Becomes Hero
A shipment of soya beans worth more than $20m (ÂŁ15.5m) has been bobbing aimlessly in the Pacific Ocean for a month, a casualty of the escalating trade war between China and the US.  Lingering
uncertainty over the cargoÂ’s fate offered a timely reminder of the fallout from a dispute that intensified on Wednesday, as the US president, Donald Trump, unveiled a second round of tariffs on $16bn of Chinese goods, prompting Beijing to respond in kind. 
Peak Pegasus, a 229 metre bulk carrier weighing 43,000 tonnes, has become the reluctant symbol of the potential consequences of this tit-for-tat trade spat.
4. Ocean Carrier Reliability
Ocean carriersÂ’ schedule reliability increased by 6.6% to 69.3% in June 2018, rising from 62.7% witnessed in May 2018. Reviewing schedule reliability by trade, two of the 13 trades decreased from May 2018 to June 2018. The
Europe-Africa trade experienced the largest decrement in reliability, dropping by 15.6% from 60% in May 2018 to 44.4% in June 2018. 
The Europe-Oceania trade experienced the largest improvement in reliability, surging by
24.2%, from 47.4% in May 2018 to 71.6% in June 2018, while the Europe-Middle East trade succeeded in maintaining the highest reliability among the 13 trades.
5. Huge Hash Haul
Italian police said on Thursday they found 20 tonnes of hash worth as much as 200 million euros ($232 million) in the fuel tanks of a Panama-flagged ship that was stopped in international waters and escorted to Sicily. The
entire 11-person crew, all from Montenegro, was arrested for international drugs trafficking, ItalyÂ’s finance police said in a statement. 
The research and survey vessel Remus left the Canary Islands bound for Egypt and
Turkey, but police surveillance showed it had turned off its position transmitter near the coast of North Africa, raising investigatorsÂ’ suspicions.

6. Remember the Effect of Weather
The shipping industry risks investing billions of dollars on vessel optimisation services that fail to deliver on overall operational efficiency and performance due to a lack of understanding and appreciation of weather which accounts for 80% of the impact
on vessel performance warns voyage intelligence and insight specialist StratumFive. As vessel performance optimisation becomes increasingly more sophisticated, ship owners and operators have access to a far broader range of technologies,
datasets and potential avenues for optimisation than ever before, but could be left missing the point.
7. Eritrea Jostles for Position
Djibouti has invested heavily in making itself a hub for deep-sea shipping in the Horn of Africa, and much of its business depends upon its status as the sole seaport for landlocked Ethiopia. However, its port revenues could be challenged by the re-emergence
of neighboring Eritrea, a longtime pariah state that could soon regain access to global commerce. Eritrea won its independence from Ethiopia in 1991, and it remained in a permanent "state of war" with its former occupier until
this July, when Ethiopian Prime Minister and Eritrean President Isaias Afwerki signed a landmark peace agreement.
8. Noble on the Ropes
Embattled Hong Kong commodity trader Noble Group will be holding a special general meeting on August 27 for shareholders to vote on the companyÂ’s restructuring plan. In June, Noble Group revised its restructuring proposal
with the support of major shareholder Goldilocks Investment. 
In the revised deal, shareholders will receive 20% of the equity in the new restructured company, which will form a strategic partnership with the parent company
of Goldilocks, Abu Dhabi Financial Group.
9.  Maersk in Fishing Collision
Maersk LineÂ’s 1,827 TEU containership Cecilie Maersk collided with a fishing vessel on August 7, while en route to Le Port, Reunion, a small island in the vicinity of Madagascar. Â“The fishermen were rescued and no injuries
were sustained. The fishing vessel has reported sustaining hull damage. All relevant authorities have been notified and the incident has been reported to the vessel’s P&I Club, insurers and flag state,” Maersk Line confirmed to World Maritime News in an emailed
The fishing vessel, identified as Le Puffin, reportedly had five crew members on board, who were picked up by the ship after the incident.

10. Shore to Ship Drone Work
Wilhelmsen Ships Service (WSS) has been selected to help develop the future Unmanned Aircraft Systems (UAS) regulatory framework for Singapore and will receive dedicated funding for their shore-to-ship delivery project. WSS
is one of only four companies to have received the funding, following a Call-For-Proposal (CFP) by the Civil Aviation Authority of Singapore (CAAS) and the Ministry of Transport, it said in a press release. The CFP aims to support the development of systems
and technologies to enable innovations within the wide-ranging use of UAS.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
Seacurus Ltd.,
Barbican Group,  
33 Gracechurch Street,
London EC3V 0BT,
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