LIBOR: Shipping’s elephant in the room

LIBOR: Shipping’s elephant in the room
May 3, 2018 http://blogs.platts.com/2018/05/03/libor-shipping-elephant-in-the-room/

The shipping industry’s vessel loans are typically taken on the basis of a premium over LIBOR. LIBOR has been experiencing upward pressure since early 2017, as major central banks have moved to a tightening stance. The three-month LIBOR has risen to 2.3% as of April 2018, the highest rate seen since November 2008, the early days of the financial crisis.

Fatigue, miscommunication lead vessels to collide

Fatigue, miscommunication lead vessels to collide
26/04/18

UK MAIB released its report about the accident that took place on 1 July 2017, when two Hong Kong registered vessels, the bulk carrier Huayang Endeavour and the oil tanker Seafrontier, collided in the Dover Strait about 5 nautical miles west of Sandettie Bank. Both vessels were damaged, but were able to proceed to nearby ports for damage assessment. The accident did not result in any injuries or pollution.

The accident

Injured Seaman’s Receipt of Social Security Disability Benefits and Shipowner’s Obligation to Pay Maintenance

Injured Seaman’s Receipt of Social Security Disability Benefits and Shipowner’s Obligation to Pay Maintenance
May 3, 2018 https://www.jdsupra.com/legalnews/injured-seaman-s-receipt-of-social-24984/

In Lipscomb v. Foss Mar. Co., 83 F.3d 1106 (9th Cir. 1996), the Ninth Circuit defined the policy of awarding maintenance to an injured seaman as follows:

Cyber: Security and Crooks in Shipping

Cyber Security: The Emerging Threat to Passenger Safety
Ian Richardson and Patrick Carolan 2018-05-03 https://www.maritime-executive.com/blog/cyber-security-the-emerging-thre...

China, South Korea allow ships owned by sanctioned companies into their ports: Activity could breach UN resolutions, which call for port bans

China, South Korea allow ships owned by sanctioned companies into their ports: Activity could breach UN resolutions, which call for port bans
Leo Byrne May 3rd, 2018 https://www.nknews.org/2018/05/china-south-korea-allow-ships-owned-by-sa...

South Korea and China may technically have breached UN resolutions by allowing vessels owned by companies under United Nations sanctions into their ports, analysis by NK News shows.

ITF: MLC enters ‘new chapter’ for seafarers’ rights

ITF: MLC enters ‘new chapter’ for seafarers’ rights
01/05/2018 https://www.hellenicshippingnews.com/itf-mlc-enters-new-chapter-for-seaf...

The ITF has welcomed the positive outcome of the third meeting of the Special Tripartite Committee of the ILO (International Labour Organization) in Geneva. The STC has agreed on a new amendment to the Maritime Labour Convention (MLC) 2006 and will now be submitted to the next session of the International Labour Conference for adoption.

Piracy at Sea Back in the Headlines as Rights of Seafarers Held as Hostages Reviewed : Guarantee of Employment Rights Will Continue Under MLC 2006 Amendment

Piracy at Sea Back in the Headlines as Rights of Seafarers Held as Hostages Reviewed : Guarantee of Employment Rights Will Continue Under MLC 2006 Amendment
02 May 2018 http://www.handyshippingguide.com/shipping-news/piracy-at-sea-back-in-th...

Rapid emergence of Thailand as an international maritime training centre

Rapid emergence of Thailand as an international maritime training centre
02/05/2018 https://www.hellenicshippingnews.com/rapid-emergence-of-thailand-as-an-i...

Since mid 2015 when MCA first approved a Thailand based seafarer training facility, the growth of that destination as a popular focus for both advanced seafarers and also entry level crew to complete STCW 2010 and the new updating STCW courses, has been nothing short of astonishing.

COSCO’s Container ship damaged by crane at Prince Rupert Port, Canada

COSCO’s Container ship damaged by crane at Prince Rupert Port, Canada
Mikhail Voytenko May 2, 2018 https://www.fleetmon.com/maritime-news/2018/22289/coscos-container-ship-...

Decarbonising maritime transport: what makes Sweden the leader?

Decarbonising maritime transport: what makes Sweden the leader?
Eva Grey 2 May 2018 https://www.ship-technology.com/features/decarbonising-maritime-transpor...

A recent report from the International Transport Forum and OECD names Sweden as a leading country in the effort to decarbonise maritime transport. What factors played a part in the Scandinavian country’s success to date, and can any of the lessons be transferred?

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