Seacurus Daily: Top Ten Maritime News Stories 06/09/2018




Seacurus Daily: Top Ten Maritime News Stories 06/09/2018

1. Owners Fighting Back
At the United Nations in New York, the International Chamber of Shipping (ICS) is representing shipowners at the start of a major negotiation to agree a new legal instrument for the protection of the ocean under the UN Convention on the Law of the Sea
(UNCLOS) – which will apply to high seas areas beyond national jurisdiction. Addressing government negotiators, ICS chairman, Esben Poulsson, said this UN initiative should not “unwittingly” impact on the effective future governance
of global shipping, potentially interfering with principles such as freedom of navigation, or otherwise cutting across the work of the IMO.
http://bit.ly/2wKW6RV
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2. Balance is Lost
At the beginning of 2018 the industry was set on a path where the carriers might have hoped for a structural balance between global supply and demand by 2020. There was an air of modest optimism in the air driven by the strengthened conditions in 2017
where carriers were returning to profitable territory. However, the past few weeks seem to have at the very least postponed this hope for a balanced market for a variety of reasons. First
of all, the carriers correctly point to the fact the fuel prices have increased significantly and this has undermined their profitability and sent them back into red numbers.
http://bit.ly/2wLnXSK
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3.  Shipping Confidence Slips
Confidence in the ability of sound risk management to contribute to commercial success in the shipping industry has fallen in the last 12 months, according to the latest annual Shipping Risk Survey from accountant and shipping
adviser Moore Stephens. 
Respondents to the survey rated the extent to which enterprise and business risk management is contributing to the success of their organization at an average 5.9 out of a possible score of 10.0,
compared to 6.8 in the 2017 survey. 
Brokers returned the highest rating, followed by ship managers. For the first time in the four-year life of the survey, Europe was behind Asia.
http://bit.ly/2Q8vcwc
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4. Hybrid Fuel ONE Option
Ocean carrier ONE has identified using low sulphur Hybrid oil as the best solution for complying with the upcoming 2020 global sulphur limit for bunker fuel. ONE Line, which launched in April following the combination of
Japanese container lines NYK, MOL, and K-Line, revealed details of its 2020 plan this week after reviewing options, namely low sulphur fuel, scrubbers, or LNG. 
After review, the carrier said low sulphur hybrid oil represents
the most realistic and cost efficient solution to ensuring its vessels comply with the upcoming global regulations.
http://bit.ly/2M2B32M
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5. New Plans for Port Cities
Wärtsilä has shown plans to transform port cities around the world in one of the biggest initiatives in the 184-year history of the Finnish manufacturer. An Oceanic Awakening is a global initiative focused on the radical
transformation of the world’s marine and energy industry into one efficient, ecologically sound and digitally connected ecosystem. 
Better port-to-port fuel efficiency, reduced congestion in ports and high traffic areas,
the introduction of real-time communication between stakeholders – these issues, Wärtsilä maintained, have become critical to transforming maritime trading today.
http://bit.ly/2oHcKOW
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6. Grounded on Greek Beach
The 116-meter general cargo ship Arslanbey has spent much of the week aground at a beach in Greece. Video posted online shows the ship firmly aground near what appears to be a nice little tourist spot along the Aegen Sea. AIS
data showed the ship was still aground Wednesday night with two tugs on scene. The ship was sailing from Russia to Instanbul when it grounded for reasons unknown.
http://bit.ly/2NPqW3f
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7. Seafarers Wage War
Seafarers working on the vessels serving Greece’s vital domestic ferry network have already won a pay rise after they launched a 48-hour strike 3 September, leaving ferries moored at ports around the country. The seafarers
were demanding higher wages and restored labour rights. An original 24-hour stoppage was extended when the Panhellenic Seamens Federation (PNO) said negotiations with employers over a new collective agreement had broken down. 
As
the peak tourist season was coming to an end the action left those depending on the country’s vast ferry network stranded.
http://bit.ly/2Nj2hah
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8. Making Ship Control Simple
The ABB Ability™ Marine Pilot Control dynamic positioning (DP) system, unveiled at SMM, simplifies ship maneuvering with an intuitive touchscreen-based user interface and enables safer, more efficient ship operations. With
its user-centric design, ABB Ability™ Marine Pilot Control reduces the workload on automating navigational tasks and allows bridge officers to focus holistically on the overall control and positioning of the ship. The system integrates seamlessly with existing
onboard equipment and ensures ease of installation and maintenance, adding significant “bridge-to-propeller” value for the shipowners.
http://bit.ly/2wMVBab
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9.  Investment Needs of Ports
The investment needs of European ports over the next ten years amount to 48 billion EUR. Many port investments score high in creating societal value but the return on investment for the investor, the port managing body, is often low and slow. For
these investments, external funding is needed. Ports have only been able to obtain 4% of the CEF transport budget over the last three years. These are the main results from the Study European Seaports Organisation (ESPO) launched in spring 2018 in preparation
of the Connecting Europe facility II proposal which came out on 6 June 2018.
http://bit.ly/2PFZRzX
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10. Bulker Runs Aground
A cargo ship loaded with cement ran aground near San Jose, Philippines, the Philippine Coast Guard informed. At the time of the incident, the M/V Star Liberty carried 22 crew members on board. After
receiving a radio call from M/V Queen of Charity, the country’s coast guard and local authorities headed to the site to provide the necessary assistance. 
Upon their arrival, some of the crew had already jumped off the
vessel. Twelve crewmembers were brought to a local hospital for medical treatment, while another ten seafarers were brought to the evacuation center for first aid assistance, according to the coast guard.
http://bit.ly/2Cnxepl
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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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