seafarertimes.com ~ Maritime News for Filipino Seafarers

State-run Lender Pledges 800 Billion Won to Shipping Industry
April 20, 2018 http://koreabizwire.com/state-run-lender-pledges-800-billion-won-to-ship...

SEOUL, Apr. 20 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) on Friday promised 800 billion won (US$753.29 million) in loans and guarantees to the local shipping industry this year as the government acts on a five-year restructuring plan.

Passenger ship sank in Singapore waters, some 100 people missing
Mikhail Voytenko April 19, 2018 https://maritimebulletin.net/2018/04/19/passenger-ship-sank-in-singapore...

Tankers collide off Singapore
Taylor McDonald -2018-04-18 http://aseaneconomist.com/tankers-collide-off-singapore/

Two oil tankers collided about 1 nautical mile south of Tuas Extension off the coast of Singapore yesterday (Tuesday), causing a liquefied butane gas leak, the Maritime and Port Authority of Singapore (MPA) announced.

Panama Canal bosses criticised for punishing tugboat captains
Donal Scully April 19th, 2018 http://splash247.com/panama-canal-bosses-criticised-for-punishing-tugboa...

The International Transport Workers’ Federation (ITF) has thrown its weight behind the union representing tugboat captains who have been disciplined by the Panama Canal Authority (ACP).

Sixteen Abandoned Seafarers, and Sixteen More
2018-04-18 https://www.maritime-executive.com/article/sixteen-abandoned-seafarers-a...

Ukrainian seafarers. Credit ITF

A pirate-obsessed Nigerian hacking group is attacking the maritime industry
Tamlin Magee 19 April, 2018 https://www.computerworld.com.au/article/640332/pirate-obsessed-nigerian...

A criminal splinter faction from a Nigerian 'confraternity' has been running business email compromise scams for hundreds of thousands of dollars in the global maritime industry

A Paris Agreement for the Shipping Industry
John Light April 18, 2018 https://www.undispatch.com/a-paris-agreement-for-the-shipping-industry/

The UN agency that oversees shipping, the International Maritime Organization, adopted its first-ever deal to reduce greenhouse gas emissions last week. On Friday, the IMO, which has more than 170 member nations, announced that it would oversee efforts by shipping companies to reduce their emissions by at least 50 percent from 2008 levels by 2050.

Stranded in dead ships far away, Indian seafarers look for a ray of hope
TNN | Apr 18, 2018 https://timesofindia.indiatimes.com/city/madurai/stranded-in-dead-ships-...

Tackling corruption in the maritime world
Eva Grey 18 April 2018 https://www.ship-technology.com/features/tackling-corruption-maritime-wo...

In its latest sustainability report, shipping giant Maersk hit out at the ongoing corruption in the maritime sector, criticising “an environment where facilitation payments and extortion are common occurrences”. What forms does corruption take at sea and how is the industry fighting it?

How I learned to stop worrying and love the IMO
Neville Smith April 18th, 2018 http://splash247.com/learned-stop-worrying-love-imo/

Rather than apologise to legendary filmmaker Stanley Kubrick, I should probably start by apologising to the IMO. Like fellow Splash columnist Andrew Craig-Bennett, I too worked on Lloyd’s List some years ago, alongside former editor Michael Grey.