Seacurus Daily: Top Ten Maritime News Stories 07/09/2018




Seacurus Daily: Top Ten Maritime News Stories 07/09/2018

1. China Surges Ahead
Menon Economics and DNV GL have announced that China is the top international shipping nation according to their new report, published at SMM in Hamburg this week. The Leading Maritime Nations of the World is a study that
benchmarks the 30 leading maritime nations around the world in four key maritime pillars: shipping, finance and law, maritime technology and ports and logistics, in an attempt to understand the key drivers behind national maritime success. 
The
new report follows up the 2017 report by Menon and DNV GL on the leading maritime capitals of the world.
http://bit.ly/2MQo61s
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2. Ship of Shame Sold
An Indian-registered ship impounded in an English port for more than two years is finally on the verge of being sold. The Malaviya Twenty has been stuck in Great Yarmouth in Norfolk since June 2016 due to legal wrangles and
is now being sold by the Admiralty Marshal. 
Bids for the ship will open on Tuesday, with the proceeds going to pay debts including crew wages and port fees. Captain Nikesh Rastogi
said he would breathe a "huge sigh of relief" at the prospect of going home to Mumbai.
https://bbc.in/2MTxt0w
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3.  Arctic Triumph Concerns
Cosco’s heavylift vessel Tian En called at the French port of Rouen yesterday evening to much fanfare having sailed through the Arctic for the first time. The conclusion of the voyage however came at a time when the fragile
frozen region came close yesterday to a major catastrophe. 
Environmental groups are increasingly concerned about the impact of more Arctic transits. Yesterday early morning a barge broke its mooring and allided with the
berthed roro Zapolyarnyy in Dudinka port in the centre of the Russian Arctic. The barge was okay, while the roro suffered dents in its stern.
http://bit.ly/2wNcMZ4
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4. London to the Fore
The City of London continues to dominate financial activity in Europe and remains far ahead of European Union rivals such as Paris and Frankfurt with just months to go before Brexit, a new study showed. Think-tank New Financial’
s study, which focuses on the “raw” value of actual domestic and international financial activity like managing assets and issuing equity, underscored the overall dominance of New York as the world’s top financial centre. 
It
gave the United States the top overall score of 79 out of 100.
http://bit.ly/2MVgWJq
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5. New Guide on Fuels
With the vast majority of owners expected to use low sulphur fuels to comply with the 2020 sulphur cap ClassNK is planning to publish a guide to use of such fuels onboard ship. At press briefing alongside SMM 2018 the Japanese
classification society said of 9,101 ships that it classes around 150 were either fitted or going to install scrubbers. This means that most owners are planning to use low sulphur fuels to comply with the 0.5% sulphur cap that comes into force globally on
1 January 2020. 
Low sulphur fuels are likely to be achieved through blending by suppliers and refineries which can give additional problems in terms of operations.
http://bit.ly/2MVhAX8
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6. Still Hungry for Acquisitions
France’s CMA CGM, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said on Thursday. "The shipping sector is consolidating further and if there
are opportunities the CMA CGM group … is able to be in the running for a new deal," Rodolphe Saade told Reuters on the sidelines of a ship launch ceremony at the northern French port of Le Havre. 
Regarding Hapag-Lloyd,
which financial sources said in July had been approached by CMA CGM, Saade confirmed his group had looked at the German firm but that the "matter was closed".
http://bit.ly/2PJePW6
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7. Massive Month for Port
An extraordinary month at the Port of Southampton has ended with the busiest cruise weekend at Northern Europe’s cruise capital. The port welcomed more than 60 cruise calls during August bringing 340,000 passengers – and
a multi-million-pound boost to the local economy. 
The month culminated in a mammoth operation for 18 cruise calls across four days. It is estimated that every time a cruise ship visits
Southampton, the economy benefits by up to £2 million.
http://bit.ly/2Q7s4AR
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8. World’s Biggest Windfarm
The world’s largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project. The wind farm has a capacity of 659 megawatts (MW), enough
to power almost 600,000 homes, and overtakes the London Array off England’s east coast which has a capacity of 630 MW. 
Walney Extension is made up of 87 turbines built by Siemens Gamesa and MHI Vestas, and covers 145 square
kilometers (55 square miles), which is equivalent to around 20,000 football pitches.
http://bit.ly/2NVGi6x
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9.  Save Money on a Cruise
Many people living in Australia’s major cities could save money by going on an overseas cruise. According to news.com.au article by Ally Foster, Sydney is the most expensive city in the nation to live in. Data from finder.com.au
and the Australian Bureau of Statistics indicates that rent costs an average per person per week of A$221 ($159) and that the average cost of living, in addition to rent payments, is A$465 ($335), giving a total of A$686 ($494). C
ruising
around New Caledonia with P&O Cruises for a week would cost around A$609 ($438) per week, about A$80 ($58) less than those average weekly costs on land. 
http://bit.ly/2Q9M6KZ
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10. Airlines Hedging on Fuel
Airlines are starting to hedge against the risk that fuel prices could be driven higher by rules targeting another industry’s environmental performance. Brent crude for 2020 rallied in the third quarter, a period in which
spot prices fell, as some carriers began seeking protection against higher fuel costs caused by rules to cut sulfur emissions from ships, according to Thibaut Remoundos, founder of Commodities Trading Corp. in London. The regulations, set out by the International
Maritime Organization, take effect in January 2020.
http://bit.ly/2NqdW7b
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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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