seafarertimes.com ~ Maritime News for Filipino Seafarers

Court to auction Hanjin stake in Chinese yard
Jason Jian April 20th, 2018 https://splash247.com/court-auction-hanjin-stake-chinese-yard/

China’s Ningbo Maritime Court will hold an auction for bankrupt South Korean shipping firm Hanjin Shipping’s entire 34.71% equity shares in Zhejiang Eastern Shipyard (ZESCO) via online platform Taobao on May 21.

The shares have been frozen by the court since Hanjin Shipping went bankrupt in 2016.

International Transport Forum calls for greater, more harmonised use of port-based incentives
Sam Chambers April 18th, 2018

Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain marginal, however greater, more focused application of these green payments could help shipping decarbonise, a report issued by the International Transport Forum (ITF) of the Organisation for Economic Co-operation and Development (OECD) suggests today.

Grindrod completes historic sale of its bunker division
Sam Chambers April 19th, 2018 https://splash247.com/grindrod-completes-historic-sale-of-its-bunker-div...

South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for an undisclosed amount to a joint venture comprising WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.

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.