Seacurus Daily: Top Ten Maritime News Stories 16/10/2018

Seacurus Daily: Top Ten Maritime News Stories 16/10/2018

1. Imminent Seafarer Kidnap Threat
Piracy reporting centre ReCAAP Information Sharing Centre has warned that an imminent threat of abduction of crew from merchant ships remains in waters been the Southern Philippines and East Malaysia. In its report for the first nine months 2018 ReCAAP said there had been two incidents of kidnap for ransom Sulu-Celebes Seas and waters off Eastern Sabah, comprising one actual incident, and one attempted kidnapping. “There remains imminent threat of abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah, as demonstrated by the latest incident,” the centre said.
http://bit.ly/2yj65jc

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2. World Pumping More Than Ever
The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels and refinery processing gains, was 2.3 million barrels above the same period last year and 1.3 million barrels a day higher than the second quarter.
http://bit.ly/2OnG4t3

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3. Standard Strikes Up Talks
The Standard P&I Club is looking at acquiring sister company Strike Club, a provider of delay insurance to shipowners. The transaction is expected to take place on February 20 next year pending regulatory approval. Both the Standard Club and the Strike Club are managed by companies within the Charles Taylor group. “The Strike Club has suffered underwriting losses in some recent years, but the club has a strategy to restructure and improve underwriting, and this will be more easily achieved within The Standard Club,” Jeremy Grose, chief executive of Charles Taylor, wrote in a circular to members.
http://bit.ly/2Chlq6v

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4. MOL On Next Tech Phase
Japanese shipping major Mitsui OSK Lines (MOL) is teaming up with compatriots Mitsui E&S Shipbuilding and Weathernews to launch its Fleet Optimal Control Unified System (FOCUS), a ship operation data project that is the next chapter in MOL’s bid to pioneer smart shipping solutions. “With information and communication technology (ICT) such as IoT and Big Data rapidly expanding, and new possibilities opening up for ICT applications aboard vessels, on shore, and in between, the three companies decided to undertake this task as a core project to promote the use and application of ICT,” MOL stated in a release.
http://bit.ly/2EmCkTQ

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5. Long Beach Big Results
The Port of Long Beach closed out its 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months. This represents a new annual record and is 10.7% increase over fiscal year 2017. “We are poised to break our calendar year record at the end of December,” said Port of Long Beach Executive Director Mario Cordero. “Despite the tariffs imposed by Washington and Beijing, international trade is showing resilience, and at our Port we are providing a conduit for commerce that’s efficient for our customers and getting their cargo to destinations faster, saving them money.”
http://bit.ly/2NIwj3c

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6. Tanker Explosion in Yard
At least seven people are reported injured, while three are said to be in critical condition after an oil tanker caught fire in Gadani ship-breaking yard on Sunday, October 14, local media reported. The fire erupted while the workers were cutting steel inside the beached ship. The injured workers were transferred to Karachi for medical treatment. The fire is being reported just as Gadani reopened to receive tankers.
http://bit.ly/2yEFa0p

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7. Iran Sanctions Bite
Singapore shipping company Pacific International Lines (PIL) has ceased acceptance of cargoes in and out of Iran. What is more, the shipping company has terminated all calls to Iran. “This is in conjunction with President Donald J. Trump’s announcement on May 8, 2018, to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA) and to reimpose all sanctions lifted or waived in connection with the JCPOA,” PIL said in a statement.
http://bit.ly/2IY8P9E

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8. ACL Christening Ceremony
Atlantic Container Line (ACL) held a christening ceremony for its new G4 vessel, the Atlantic Sun, on Wednesday, at FAPS Port Newark Auto Marine Terminal at the Port of New York & New Jersey. The ACL G4 vessels are the first of their kind and the largest multipurpose RoRo/Containerships ever built. They incorporate an innovative design that increases capacity without significantly changing the dimensions of the vessel. The G4s are bigger, greener and more efficient than their predecessors. Fuel consumption per TEU has been dramatically reduced and emissions have been eliminated by scrubbers.
http://bit.ly/2yj5qOK

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9. Piracy Reporting Data
A total of 64 incidents of piracy and armed robbery against ships were reported in Asia during January-September 2018, a 3% increase compared to the same period for 2017, ReCAAP ISC said. Of the 64 incidents so far in 2018 (including 50 actual incidents and 14 attempted incidents), three were incidents of piracy and 61 were incidents of armed robbery against ships. Of the 50 actual incidents reported, one was a CAT 1 incident, five were CAT 2 incidents, 10 were CAT 3 incidents and 34 were CAT 4 incidents. The numbers were the lowest among the 10-year period of January-September of 2009-2018.
http://bit.ly/2PwlXFv

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10. Anti-Corruption Growth
Membership of the Maritime Anti-Corruption Network (MACN) has topped the 100 mark with the recent addition of tanker titan Frontline and container line ZIM. Established in 2011 MACN is an industry-led body aims to stamp out corruption which has for years been an accepted practice in some parts of the industry and supply chain. Commenting on passing the 100 members mark MACN Chairman, John Sypnowich said: “As an industry led organization, we have strength in numbers. By having more and more companies join our cause, we have a better and better chance of making a difference.”
http://bit.ly/2J0Znm8

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Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions www.seacurus.com

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