seafarertimes.com ~ Maritime News for Filipino Seafarers

WATCH: The Exact Moment Captain And Crew Escaped Shipwrecked Vessel At St Paul’s Bay
Tim Diacono https://lovinmalta.com/news/watch-the-exact-moment-captain-and-crew-esca...

The ship ran aground off St Paul's Bay. Photo: TVM
A man managed to film the men escaping the ship last Saturday

McKinsey: Shareholders loose big money on container carriers
TOMAS KRISTIANSEN 12.02.18

It is a very poor investment to place money in container carriers such as Maersk Line or Hapag-Lloyd, according to a new report from McKinsey. Bad decisions made by the carriers over the past 20 years have burned billions of dollars, says the firm.

continue with account login: https://shippingwatch.com/secure/carriers/Container/article10301620.ece

New Code of Practice on safety and health management adopted
12 February 2018 https://www.safety4sea.com/new-code-of-practice-on-safety-and-health-man...

Representatives of governments and social partners from around the world gathered at the ILO from 22 to 26 January 2018 to adopt a revised code of practice on safety and health in shipbuilding and ship repair.

WTO outlook indicator: global trade growth to stay above-trend
Tom Miles February 12, 2018 https://www.reuters.com/article/us-trade-wto/wto-outlook-indicator-globa...

GENEVA (Reuters) - Global trade in goods will continue growing above trend during the second quarter, the World Trade Organization’s quarterly outlook indicator showed on Monday.

Captain of ship which ran aground describes ordeal: ‘Nobody can fight Mother Nature and we thank God we are safe’
Sarah Carabott February 12, 2018 https://www.timesofmalta.com/articles/view/20180212/local/captain-of-shi...

Shipping ministry gets least allocation in Budget
Ateeq Shaikh Feb 12, 2018 http://www.dnaindia.com/business/report-shipping-ministry-gets-least-all...

DOLE tackles key maritime industry issues
Susan Andes - February 12, 2018 http://globalnation.inquirer.net/164098/dole-tackles-key-maritime-indust...

The maritime industry of the Philippines has been receiving its fair share of tirades during the past months. This started with the unfortunate incident that happened with MV Mercraft 3 which killed at least 8 people plus the issue on the shipboard training of maritime cadets in the Philippines

Hyundai Heavy union greenlights wage deal amid deeper loss
9 February 2018 https://www.safety4sea.com/hyundai-heavy-union-greenlights-wage-deal-ami...

Thousands of union members at Hyundai Heavy Industries Co. voted in favor of a wage agreement with management, as the company reported a net loss widened to 572.3 billion won in the fourth quarter of 2017, from 351.8 billion won in the red a year earlier, due to declining order backlogs.

Mutiny and Murder on a Chinese Squid Ship
Kevin Schoenmakers Feb 11, 2018 http://www.sixthtone.com/news/1001703/mutiny-and-murder-on-a-chinese-squ...

Supreme People’s Court approves death penalty for five main culprits of 2011 killings.

Proposed Kra Canal not current government project: Thailand
12 Feb 2018 https://www.channelnewsasia.com/news/asiapacific/proposed-kra-canal-not-...

A Thai spokesman said Prime Minister Prayut Chan-O-Cha had insisted his government did not have a policy on the project.