seafarertimes.com ~ Maritime News for Filipino Seafarers

South Korean Shipbuilder, Container Carrier Hit Hard by Shipping Slump
Costas Paris Aug. 15, 2018

Shipbuilder DSME’s faltering second-quarter results and HMM’s steep loss raise new concerns about shipping businesses that play an important role in South Korea’s economy

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. 042660 1.16% and national flag carrier Hyundai Merchant Marine 011200 1.87% posted weak results in the second quarter, raising concerns about their future business despite repeated state bailouts.

Cargo ship aground Little Belt
Erofey Schkvarkin August 19, 2018 http://maritimebulletin.net/2018/08/19/cargo-ship-aground-little-belt/

Crew of Russian ship detained in Ukraine thwarts two attempts of illegal entry — company
August 17, 2018 http://tass.com/world/1017555

On August 10, the Ukrainian Security Service (SBU) blocked the Russian vessel at the port of Kherson, saying that its owner had been blacklisted by Kiev

MOSCOW, August 17. /TASS/. The crew of Russia’s Mekhanik Pogodin tanker, illegally kept at Ukraine’s port city of Kherson, has prevented two groups of people from illegally entering the ship, the owner said on Friday.

Cargo ship catches fire at Bagamoyo
Julieth Ngarabali August 14, 2018 http://www.thecitizen.co.tz/News/Cargo-ship-catches-fire-at-Bagamoyo/184...

The incident occurred on Tuesday, August 14 when traders were about to load various cargo including cement onto the ship, ready for shipment to Zanzibar.

Bagamoyo. A cargo ship belonging to Zanzibar’s Ocean Enterprises has caught fire while docked at Bagamoyo, Coast region.

BDI falls at 1,720 amid perplexed Geopolitics
John Faraclas 17 August 2018 http://www.allaboutshipping.co.uk/2018/08/16/bdi-falls-at-1720-amid-perp...

The BDI (Baltic Dry Index) lost seven points and now stands at 1,720; Perplexed and enigmatic Geopolitics. John Faraclas’ brief markets and Geopolitics recap:

The Capes uncertainty brings the Dry Market down. The BCI lost 84 points and now stands at 3,476… below the 3,500 point threshold!

Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War
Sergey Moiseenko August 17, 2018 https://www.marinelink.com/news/container-shipping-bankruptcy-lends-4406...

Repatriation programme pulls down OFW cash remittance figures
Gilbert P. Felongco, August 17, 2018 https://gulfnews.com/business/economy/repatriation-programme-pulls-down-...

Philippine Central Bank said UAE, Saudi Arabia and Kuwait registered the biggest declines in cash remittances from OFWs in June

Three Seafarers Missing After Tanker Explosion
15 Aug 2018 https://www.porttechnology.org/news/three_seafarers_missing_after_tanker...

Three seafarers are missing with one other person suffering burns after an explosion on the tanker vessel M.T. Desh Vaibhav on August 14 off the Oman coast, according to a statement from the Shipping Corporation of India (SCI).

Seamen Abandoned in the Raid of Istanbul Ship for Two Months Do Not Pay Wages – The Union
August 16, 2018 http://www.maritimeherald.com/2018/seamen-abandoned-in-the-raid-of-istan...

The crew of the Shipline ship, abandoned by the shipowner in the Istanbul raid, including Russian seamen, have not received a salary for two months.

IMO Fuel Regulations 2020: from headache to migraine for ship owners
17/08/2018 https://www.hellenicshippingnews.com/imo-fuel-regulations-2020-from-head...