Seacurus Daily: Top Ten Maritime News Stories 05/09/2018

Seacurus Daily: Top Ten Maritime News Stories 05/09/2018

1. IMO Sticks by Sulphur Cap
As he did at Posidonia three months ago, Kitack Lim, the secretary general of the International Maritime Organization (IMO), used the opening press conference to stress there was no wavering on the January 1, 2020 implementation
date of the sulphur cap. 
“The entry into force of the sulphur limit on January 1 2020 is a landmark decision for both the environment and for human health. It demonstrates a clear commitment by IMO to ensuring shipping
meets its environmental obligations. The major focus for IMO and the industry now is to ensure consistent, global implementation of the new limit,” Lim said.
2. Box Boom Continues
As the boom on the transpacific continues, carriers are deploying more and more capacity. Rates to the US West Coast have risen by 93% since June from $1,194 per feu to $2,298 per feu, while
rates to the US East Coast have increased by 60% from $2,181 per feu to $3,485 per feu according to the latest SCFI assessment. 
HMM is swapping three 6,350 teu ships for larger 8,566 teu ships for a west coast service
while CMA CGM is also adding two high capacity extra loaders in September. The 9,953 teu CMA CGM Butterfly will head to the west coast, while the 8,465 teu CMA CGM Melisande is headed to the US Gulf.
3. Ships Allides With Bridge
Typhoon Jebi arrived in Osaka, and its fierce winds swept a product tanker into the bridge between the Kansai International Airport and the mainland. No injuries were reported, and the crew were evacuated from the vessel
by helicopter.  
The 2,500 dwt tanker Houn Maru was anchored in Osaka Bay before the storm’s arrival. She dragged anchor and struck the bridge, photos from the scene showed significant damage to the bridge structure, with
the starboard side of the vessel’s wheelhouse entangled with the bridge deck. The allision forced local authorities to close the causeway to car traffic and to halt the bridge’s rail line.
4. Triumph of Design
The all-electric passenger vessel Future of The Fjords has won the Ship of the Year 2018 award at SMM.  The win marks the second time in three years that owner The Fjords, together with shipyard Brødrene Aa, has secured the
title, with sister ship Vision of The Fjords taking the prize in 2016. While Vision, with its hybrid solution, marked the start of a journey in green propulsion, Future, a true zero emission, silent running vessel, fulfills the company’s dream.  
of The Fjords is the world’s first all-electric carbon fibre vessel.

5. Rotterdam Buy Brazilian Port
The Municipality of Rotterdam and the Netherlands’ Ministry of Finance have approved the Rotterdam Port Authority’s (RPA) plans to acquire a shareholding in the Northeast Brazilian port of Pecem. According to a press release,
the RPA plans to invest some €75 M to buy 30% of Pecem port’s share capital. In addition to the equity interest the Rotterdam port landlord will obtain joint control of strategic decisions and positions at executive board, supervisory board and management
The dedicated container terminal at Pecem is operated since 2008 by APM Terminals.

6. New Autonomous Safety Culture
As digitalization continues to reshape the maritime industry, the first commercial autonomous vessels are due to launch in the next several years. To help build a safety culture around these new technologies, DNV GL has released a new class guideline covering
autonomous and remotely operated ships. “A new set of sensor, connectivity, analysis, and control functions in maritime technologies is laying the foundation for remote and autonomous operations in shipping,” says Knut Ørbeck-Nilssen,
CEO of DNV GL – Maritime. “Increased automation, whether in the form of decision support, remote operation, or autonomy, has the potential to improve the safety, efficiency and environmental performance of shipping. To reach this potential, the industry needs
a robust set of standards that enables new systems to reach the market and ensure that these technologies are safely implemented.”
7. US Oil Hit by Storm
Two more oil producers pulled employees out of Tropical Storm Gordon’s path, and oil companies cut 9 percent of U.S. Gulf of Mexico oil and gas production on Tuesday as the storm churned toward an expected nighttime landfall. The
storm, which is expected to strengthen into a category 1 hurricane with winds of at least 74 miles per hour (119 km/h), shifted eastward, reducing its threat to major production areas and most Gulf Coast refineries. 
evacuated 54 offshore platforms and halted 156,907 barrels per day of oil production and 232 million cubic feet per day of natural gas output.
8. Fuel Change will need Revolution
To meet the International Maritime Organization’s (IMO) ambitious target of a 50% reduction in greenhouse gas (GHG) emissions is going to require a revolution in the propulsion systems used by the shipping industry. Speaking
at the SMM 2018 opening press conference on Tuesday, Frank Starke, ceo of Caterpillar Motoren said: “We are trying to work across the industry to develop new technologies because this is not going to be an evolution there are going to be some revolutionary
steps if we’re going to get that 50%.
9. Counting Cost of Progress
German liner company Hapag-Lloyd is facing around USD 1 billion of extra fuel costs stemming from the new sulphur regulations entering into force in 2020. Speaking at the SMM trade fair, Rolf Habben Jansen, CEO of Hapag-Lloyd,
said that the fuel costs will rise significantly due to the enforcement of the 2020 sulphur cap. 
“We have a real problem in our hands, and we need to figure out what are we going to do about it,” Jansen said. Hapag-Lloyd
revealed in its half-year results for 2018, that it was preparing two pilot projects as a way of getting ready for the sulphur cap.
10. Russia Hitting Shipping
Russia has delayed hundreds of commercial vessels since April and in recent weeks has stopped at least 16 commercial ships attempting to reach Ukrainian ports, according to the latest information released by the U.S. Department of State. “The
United States condemns Russia’s harassment of international shipping in the Sea of Azov and the Kerch Strait,” Heather Nauert, Spokesperson for the United States Department of State, said in a statement, urging Russia to stop such actions. It is claimed, 
actions to impede maritime transit are further examples of its ongoing campaign to undermine and destabilize Ukraine".
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions
S. Jones
Seacurus Ltd
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