Seacurus Daily: Top Ten Maritime News Stories 23/08/2018




Seacurus Daily: Top Ten Maritime News Stories 23/08/2018

1. Maersk Record Breaker
Denmark’s Maersk Line claims to have sett he a world record for the highest-ever load of containers carried on a single ship. The 2nd generation Triple-E vessel Mumbai Maersk left Tanjung Pelepas Port in Malaysia last weekend
and is now sailing  into Europe with a load of 19,038 teu. 
According to Maersk, the world record load of 19,038 teu has raised a new bar by surpassing Madison Maersk, a first generation Triple-E class vessel, which reached
18,215 TEU in 2015. 
“The record-breaking load also marks a sign of progress on one of Maersk’s core priorities for this year: to make APM Terminals perform again,” Mearsk Line said.
http://bit.ly/2Mqy49M
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2. Tanker Pirate Fear
A tanker has gone missing off the coast of Gabon in West Africa – an area notorious for piracy – and no word has been heard from its crew for a week, the ship’s managers said on Tuesday. The Georgian government said 17 of its
citizens were on board the Pantelena serving as crew. 
Communication was lost with the Panama-registered tanker at about 2 a.m. local time on Aug. 14, at which time it was about 17 miles from the port of Libreville, in Gabon,
Athens-based Lotus Shipping said in a statement. 
It gave no further details on the cargo and crew, and did not say if it believed the Pantelena had been hijacked by pirates. 
http://bit.ly/2N9t7OL
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3. Ports Welcome Export Plans
British Ports Association welcomes new Department for International Trade’s new Export Strategy. The BPA has highlighted the role that ports play handling 95% of the UK’s International trade
in goods. Commenting on the Strategy the BPA’s Chief Executive, Richard Ballantyne said: 
“The new Export Strategy outlines how Government and businesses can work together to promote UK products and exports globally, as well
as improving supply chains. In terms of goods, the UK is an import driven economy, however, there are real opportunities to increase exports to Europe and beyond.”
http://bit.ly/2OUMrjq
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4. Box Buy Agreement
John Fredriksen’s Ship Finance International (SFI) has entered into an agreement to acquire three large container vessels in combination with long term time charters. The three 2015-built vessels have a carrying capacity of
10,600 teu each. SFI expects to take delivery of the vessels in the near term. 
The ships will be chartered to an undisclosed containerline for a period of minimum six years, with options for the charterer to extend up to
10 years. There is also a purchase option with profit split at the end of the initial six-year period.
http://bit.ly/2BCvokm
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5. Iran Sanctions Complications
The concerns of the shipping industry regarding the latest Iran sanctions have become further complicated this time by the fact that the EU has a contrary regime in place as well. In trying to provide some guidance on the emerging
situation, Watson Farley & Williams (WFW) in a recent briefing suggested that while the shipping industry still relies primarily on US dollar-denominated transactions, the EU’s Blocking Statute is also a directly applicable law.
http://bit.ly/2wgXvQc
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6. US Shares on a High
The only way is bust? Why the US stock market’s boom can’t last for ever.  The US bull market will reach 3,453 days old today, its longest run ever. Since the S&P 500’s financial crisis low in March 2009, the American benchmark
stock index has gone more than nine years without sinking into a bear market – a fall of more than 20pc from its 52-week high.  
The S&P 500 has surged 320pc in its record run, racking up multiple all-time highs on a 19pc
rally last year. The previous record spanned the 1990s in the run-up to the dot-com bubble.
http://bit.ly/2PsN8kW
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7. Low Water Surcharge
Zim has informed customers that due to the prolonged drought in Europe, water levels on the Rhine River are lowering, restricting the amounts of cargo loaded to barges. As a result, barge owners have announced the application of a Low Water surcharge,
which is the common practice in this trade. The surcharge will apply to all barge and barge-road shipments between the ports of Antwerp and Rotterdam and destinations in Germany, France and Switzerland via the Rhine River.
http://bit.ly/2BCxkJE
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8. Gas Cruise Launch
AIDAnova, the world’s first cruise ship powered with LNG, has left Meyer Werft’s building dock in Papenburg, Germany. It took almost two hours to float out AIDA Cruises’ newbuilding in the evening hours of August 21. The
180,000-ton vessel will now berth at Meyer Werft’s outfitting pier where its mast and funnel cladding will be fitted. 
In addition, further testing with LNG will be performed on the ship’s engines and acceptance procedures
by the shipowners will also take place.
http://bit.ly/2PwCKJ0
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9. Croatian Shipyard Strike
Some 4,500 workers at Croatia’s largest shipbuilding group Uljanik went on strike on Wednesday and called for management to step down in protest over late payment. "The management has lost credibility in our eyes, the workers
and suppliers have lost confidence," one union leader, Marina Cvitic, said. 
Uljanik controls two docks in the northern Adriatic, in the cities of Pula and Rijeka.
http://bit.ly/2MPYPnv
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10. Detained Vessel Sold
China’s Ningbo Maritime Court has sold the 1997-built handymax bulker Avlemon via an online auction. The vessel had been detained by the court at the request of PaxOcean Zhoushan after Greek owner Aroania Maritime failed to
pay ship repair fees from 2016. The owner had since abandoned the vessel along with its crew at the yard. 
The 42,600 dwt vessel has been sold to undisclosed buyer for a price of RMB22.07m ( $3.22m), less than the $5.1m fair
market value according to MSI.
http://bit.ly/2PwVmbY
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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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