seafarertimes.com ~ Maritime News for Filipino Seafarers

New infographic shows UK’s reliance on seafarers
8 February 2018 -https://www.safety4sea.com/new-infographic-shows-uks-reliance-on-seafarers/

Weekly Broker: Greeks step up to fill gap left by the Chinese
Jason Jiang Feb 8th 2018 http://splash247.com/weekly-broker-greeks-step-fill-gap-left-chinese/

The Chinese have been the most aggressive buyers of bulkers so far this year with the holiday season fast approaching their eyes have seemingly gone off the ball, leaving the ever acquisitive Greeks to pick up some of the slack. Dry bulk sales were down this week, while interest in tankers focused on smaller tonnage.

Promoting the UK as the world's maritime centre
08/02/2018 http://www.hellenicshippingnews.com/promoting-the-uk-as-the-worlds-marit...

This week, UK maritime delegations are visiting the United States and Indonesia. Together, they are promoting the UK as the world’s maritime centre.

Crew of missing ship regains control after being hijacked by pirates
Associated Press February 6, 2018 https://nypost.com/2018/02/06/crew-of-missing-ship-regains-control-after...

HONG KONG — The crew of a missing Indian oil tanker regained control of the ship from pirates who had hijacked it off Benin’s coast, the vessel’s management company said Tuesday.

Why Is China Buying Up Europe’s Ports?
Keith Johnson | February 2, 2018 http://foreignpolicy.com/2018/02/02/why-is-china-buying-up-europes-ports/

State-owned port operators are the aggressive leading edge of Beijing’s massive Belt and Road project.

China’s trillion-dollar signature foreign-policy project, the Belt and Road Initiative, is often lampooned as just a fuzzy concept with little to show for it on the ground.

Maersk Analysts Strike Cautious Tone
February 8, 2018 https://www.marinelink.com/news/analysts-cautious-strike433779

Analysts believe results and outlook in the final quarter report of Maersk (Feb. 9) might be weighed down by consolidation effects from the Hamburg Sud deal and the market situation in China.

Morgan Stanley says integration expenses related to the deal would limit profitability contribution in 2018 and that Maersk Line will return to peak EBIT margins in 2020.

Cargill partners with NGOs to increase sustainability for ocean transports
Jennifer McKevitt Feb. 7, 2018

Perception of risk important for safe operations
7 February 2018 https://www.safety4sea.com/perception-of-risk-important-for-safe-operati...

While the vessel ‘Sultan Bey’ was on a voyage from Alexandroupoli, Greece to Marseilles, France, with 003 mt of wheat in bulk, a motorman was injured while he was cleaning the fuel oil vent overflow containment tray.

The incident

Cargo ship disabled, replaced by another to service French Saint Pierre and Miquelon
Erofey Schkvarkin February 7, 2018 http://maritimebulletin.net/2018/02/07/cargo-ship-disabled-replaced-by-a...

JES yard sale falls through, former chairman jailed
Jason Jiang February 7th, 2018 http://splash247.com/jes-yard-sale-falls-former-chairman-jailed/

JES Holdings, the Singapore-listed platform of bankrupt Chinese shipbuilder Jiangsu Eastern Heavy Industry, has announced that the company has failed to complete a deal to sell its shipbuilding business.