Seacurus Daily: Top Ten Maritime News Stories 20/08/2018
1. Woman Falls Off Cruise Ship
A woman was rescued after she fell from the Norwegian Star and spent 10 hours in the water. The ship was sailing in the Adriatic Sea after departing from Croatia when the British woman,
46, fell overboard shortly before midnight on Saturday. She has been taken to hospital and is believed to be in a stable condition. The crew of the Croatian Coast Guard ship Cavtat reportedly found her swimming, nearly
exhausted, near where she is believed to have fallen in. Croatian authorities will now examine CCTV footage of the fall. The Norwegian Star was returning to Venice from a seven-night cruise of the Greek Islands.
46, fell overboard shortly before midnight on Saturday. She has been taken to hospital and is believed to be in a stable condition. The crew of the Croatian Coast Guard ship Cavtat reportedly found her swimming, nearly
exhausted, near where she is believed to have fallen in. Croatian authorities will now examine CCTV footage of the fall. The Norwegian Star was returning to Venice from a seven-night cruise of the Greek Islands.
http://bit.ly/2MHUzWK
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2. Seafaring Demographic Timebomb
The Liberian Registry is concerned about the make up of seafarers. After analysing certifications issued by the Liberian Registry since 2000, here is what we found: The average age of a Master has held at 47 years old. The
average age of a Chief Engineer is 49 years old. Engine and Deck Ratings average ages have increased by five and six years to 40 and 39 years old respectively. Both Deck and Engine
Officers of the Watch have seen their average ages decrease by one year to 34 and 36 years old, respectively. The percentage of seafarers aged 55 and older has grown. The maritime
industry is facing a demographic timebomb.
average age of a Chief Engineer is 49 years old. Engine and Deck Ratings average ages have increased by five and six years to 40 and 39 years old respectively. Both Deck and Engine
Officers of the Watch have seen their average ages decrease by one year to 34 and 36 years old, respectively. The percentage of seafarers aged 55 and older has grown. The maritime
industry is facing a demographic timebomb.
http://bit.ly/2MZ6Zq9
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3. US Set to Suffer
The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according the the chief executive officer of A.P. Moller-Maersk A/S. Soren
Skou, who runs the worlds biggest shipping company from Copenhagen, said the fallout of the current protectionist wave could easily end up being bigger in the U.S. Tariffs could slow global annual trade growth by 0.1 to 0.3 percent, though for the U.S.
the effect could be perhaps 3 or 4 percent, he said at Maersks headquarters on Friday. And that would definitely not be good.
Skou, who runs the worlds biggest shipping company from Copenhagen, said the fallout of the current protectionist wave could easily end up being bigger in the U.S. Tariffs could slow global annual trade growth by 0.1 to 0.3 percent, though for the U.S.
the effect could be perhaps 3 or 4 percent, he said at Maersks headquarters on Friday. And that would definitely not be good.
http://bit.ly/2MleXOh
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4. Emas Delisted from Exchange
Emas Offshore, part of Singapores Ezra Holdings, has once again been told it will be delisted from the Oslo Stock Exchange after The Financial Supervisory Authority of Norway resolved to impose the exchange to delist the struggling company. In
April, Emas Offshore successfully appealed a decision by Oslo Børs to delist the company. The decision to delist the company, announced in February, was made due its failure to comply with its financial reporting obligations.
April, Emas Offshore successfully appealed a decision by Oslo Børs to delist the company. The decision to delist the company, announced in February, was made due its failure to comply with its financial reporting obligations.
http://bit.ly/2L7zQ9W
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5. US Flag for Superyachts
President Trump this week signed a bill that will allow American owners of large yachts to finally register their vessels under the United States flag. Until now, U.S. law defined a yacht as a vessel whose volume was a maximum
of 300 GT. The law was written in 1920, but never updated to reflect larger yachts of today.
of 300 GT. The law was written in 1920, but never updated to reflect larger yachts of today.
This, in turn, has prevented most Americans who own private yachts exceeding the 300-GT limit from registering their vessels in the United States. Instead, they have have been forced to register under a foreign flag, or register
their yacht as a commercial vessel.
their yacht as a commercial vessel.
http://bit.ly/2OOy282
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6. Doubling Down on Reefers
Hapag-Lloyd has ordered 11,100 reefer containers. The new reefers will be integrated to the companys existing fleet of 91,000, with delivery between August and December this year. Hapag-Lloyd already has a significant footprint
in the refrigerated container market, and since 2015 the liner shipping company has purchased a total of 30,550 new reefers (including the latest order). 2,000 of the new containers will be equipped with controlled atmosphere
technology used to slow down the ripening process and extend the shelf life of fruit and vegetables. They will also have optimized power control to reduce energy consumption.
in the refrigerated container market, and since 2015 the liner shipping company has purchased a total of 30,550 new reefers (including the latest order). 2,000 of the new containers will be equipped with controlled atmosphere
technology used to slow down the ripening process and extend the shelf life of fruit and vegetables. They will also have optimized power control to reduce energy consumption.
http://bit.ly/2Brbbhh
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7. LNG Shipped to China
Stena Bulk’s LNG carrier Stena Blue Sky has delivered its cargo to the first privately-owned LNG terminal in China. Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xinao Terminal in Zhoushan, Ninbo
region on August 8. The Zhoushan terminal has a capacity of three million tons of LNG per year. China’s LNG demand is expected to grow by more than 10 percent on average over the next three
years, and earlier this year an ENN spokesman said he expects the country’s LNG imports to easily hit 50 million tons by 2020.
region on August 8. The Zhoushan terminal has a capacity of three million tons of LNG per year. China’s LNG demand is expected to grow by more than 10 percent on average over the next three
years, and earlier this year an ENN spokesman said he expects the country’s LNG imports to easily hit 50 million tons by 2020.
http://bit.ly/2L6QTJz
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8. Old Girls of the Sea
A photograph of a small containership recently took Michael Grey’s attention. She is currently operating for one of the worlds biggest operators, but is 36 years old. This might appear strange, when container vessels twenty years younger are being laid
up in some numbers, in the expectation that they are unlikely to trade again. What makes a ship redundant or why can an ancient containership, and her fleet sisters, keeps on sailing, while far newer ships go for scrap, is largely
because of ownership. Bought for further trading at a price near scrap value, they are owned assets of a major operator, and the answer is fascinating.
up in some numbers, in the expectation that they are unlikely to trade again. What makes a ship redundant or why can an ancient containership, and her fleet sisters, keeps on sailing, while far newer ships go for scrap, is largely
because of ownership. Bought for further trading at a price near scrap value, they are owned assets of a major operator, and the answer is fascinating.
http://bit.ly/2nPeJAf
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9. Appeal Against Game Injury
Celebrity Cruises, a part of the Miami-based Royal Caribbean Cruises, has won an appeal of a personal injury lawsuit after a passenger sued the company. Namely, the U.S. Eleventh Circuit panel affirmed the dismissal of the
negligence suit against Celebrity Cruises that was brought by the passenger who was injured while playing a music trivia game aboard the cruise companys Celebrity Infinity ship. Court papers showed that the Plaintiff,
Janet Krug, hit her head on the edge of a stage during a music trivia game in January 2016. She suffered serious injuries and had to be air-lifted off of the ship to undergo surgery.
negligence suit against Celebrity Cruises that was brought by the passenger who was injured while playing a music trivia game aboard the cruise companys Celebrity Infinity ship. Court papers showed that the Plaintiff,
Janet Krug, hit her head on the edge of a stage during a music trivia game in January 2016. She suffered serious injuries and had to be air-lifted off of the ship to undergo surgery.
http://bit.ly/2vYoMHM
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10. SMM All Set for Green Talk
Low-sulphur ship fuel, decarbonisation, ballast water management: Stricter international emission limits have moved environment protection to the top of the maritime industrys agenda. The topic will also feature prominently at SMM, the industrys leading
international trade fair. Numerous exhibitors will present innovative green technologies, and at the accompanying subject-specific conferences, experts will discuss current trends. Shipowners must make highly consequential investment decisions regarding propulsion
technologies and exhaust gas cleaning systems.
international trade fair. Numerous exhibitors will present innovative green technologies, and at the accompanying subject-specific conferences, experts will discuss current trends. Shipowners must make highly consequential investment decisions regarding propulsion
technologies and exhaust gas cleaning systems.
http://bit.ly/2nOvUlg
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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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