Seafarers’ claims to be delayed by placing awards in Escrow

Seafarers’ claims to be delayed by placing awards in Escrow
Dennis Gorecho - December 15, 2018 https://www.panaynews.net/seafarers-claims-to-be-delayed-by-placing-awar...

MANNING agencies are pushing for the inclusion of an escrow provision in a proposed magna carta for seafarers which is a mere dilatory tactic in the execution of the seafarers’ monetary awards.

MARINA inaugurates new central office building

MARINA inaugurates new central office building
Aerol John Pateña December 14, 2018 http://www.pna.gov.ph/articles/1056682

The Maritime Industry Authority (MARINA) has inaugurated its newly-constructed central office building on Bonifacio Drive corner 20th Street at Port Area, Manila this Friday. (Photo courtesy of: MARINA)

Nigeria: Maritime Stakeholders Decry Sector's Poor Contribution to GDP

Nigeria: Maritime Stakeholders Decry Sector's Poor Contribution to GDP
Eromosele Abiodun 14 December 2018 https://allafrica.com/stories/201812140416.html

A lecturer at the Lagos Business School (LBS), Dr Frank Ojadi and other stakeholders in the maritime industry have bemoaned the non-capturing of the maritime sector in the nation's gross domestic product (GDP) describing it as worrisome and disturbing.

Why the shipping industry sails rough seas in cybersecurity

Why the shipping industry sails rough seas in cybersecurity
14 December 2018 https://techhq.com/2018/12/why-the-shipping-industry-sails-rough-seas-in...

Guidelines published by a conglomerate of shipping interests gives examples of terrible practice in the industry.

Outlook 2019: Credit-starved bunker industry limps towards IMO 2020

Outlook 2019: Credit-starved bunker industry limps towards IMO 2020
Jack Jordan 14 Dec 2018 https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/...

London — The bunker industry is in a fragile state as it enters its last year before tougher sulfur restrictions come into force, with several key players in retreat.

Two Seafarers Abandoned in African Port

Two Seafarers Abandoned in African Port
2018-12-13 https://www.maritime-executive.com/article/two-seafarers-abandoned-in-af...

It's the second year in a row that seafarers Captain Asmael Alsarwt and Seyed Nasr Soltan are stranded, abandoned by their ship's owner in a port thousands of miles from home.

Tanker’s oily discharge results in $2 million fine after crew member hands over video

Tanker’s oily discharge results in $2 million fine after crew member hands over video
December 13, 2018 https://delawarebusinessnow.com/2018/12/tankers-oily-discharge-results-i...

Scrubbers under scrutiny by maritime industry as IMO 2020 nears

Scrubbers under scrutiny by maritime industry as IMO 2020 nears
14/12/2018

Looming 2020 regulations capping marine fuel sulfur at 0.5% have so far benefited manufacturers marketing scrubbers – or exhaust gas cleaning systems, as they are more formally known – but this solution is now being viewed with a more critical eye.

The future of box shipping: less vessel cascading and fewer liner alliances?

The future of box shipping: less vessel cascading and fewer liner alliances?
Gavin van Marle 12/12/2018 https://theloadstar.co.uk/future-box-shipping-less-vessel-cascading-fewe...

Vessel cascading has been an ever-present feature of container shipping since liner executives first understood the benefits of economies of scale and began the box ship capacity arms race.

Thenamaris set to pocket over $8m on kamsarmax flip, China’s Mingsheng Financial Leasing is likely buyer

Thenamaris set to pocket over $8m on kamsarmax flip
Grant Rowles December 13th, 2018 http://maritimebulletin.net/2018/12/13/cargo-ship-aground-western-europe/

Greece’s Thenamaris is said to have sold 2012-built Daewoo kamsarmax bulker Seatribute for in excess of $20m to a buyer in Asia.

If broking sources are correct, Thenamaris stands to pocket over $8m from the sale having bought the vessel (ex Liberty Destiny) from US-based Liberty Maritime for a bargain $12m in March 2016.

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