29/01/2021 GMCG Newsletter Issue 10

News Update - Issue 10

WELCOME
As we end the first month of 2021 it is still not a clear picture of health for the maritime shipping world: we

take a quick look at the concerns over containers and their loss on voyages; the ever-present threat of

piracy which continues to plague the global shipping sector and the possibility of increased insurance

premiums for some ship owners.

The good news is there though, and we acknowledge the World Bank’s co-operation with the IAPH in a

report that looks at better digital collaboration in the maritime world.

We also say hello this month to Yulian Zorkina and our latest White Paper: MARITIME TRAINING, zooms

in on the increasing importance and strong growth in online blended learning for everyone connected with

shipping and maritime training.

CONTAINERS CAUSE MARITIME INSURANCE TO RISE

CONCERN IN 2021?
The ongoing recovery from the global pandemic
News from London that insurers are set to raise
has seen a dramatic increase in container traffic in the costs of providing insurance cover for

the latter part of 2020 and into the first month of
this year. This has meant many lines are working
hard to cope with the demand and growth in
shipments from around the world. Earlier this
month the Maersk Essen, on route to Los Angeles
from China, suffered the loss of a reported 750
containers following severe weather. The good
news is that all crew members were reported to be
safe and the vessel continued on its course to the
merchant ships that use the Red Sea following a
series of incidents involving vessels in and around
Saudi Arabian waters.
A Reuters news report quotes a European
insurance expert as saying that the possibility of
more attacks on commercial vessels through the
Red Sea will have an impact on the current
insurance rates.
This will affect vessels travelling to all Red Sea
ports such as Jeddah.

USA. This is a concern for container shipping and

in November 2020 a vessel lost more than 1,000

containers on a voyage across the Pacific.

SPOTLIGHT YULIAN ZORKINA

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29/01/2021 GMCG Newsletter Issue 10

Russia is this month’s port of call for our Spotlight to say hello to Ms.Yulia Zorkina, Deputy Director
of GMCG Moscow. Yulia joined GMCG in 2002 as Head of Administration and after just three years
was promoted to Head of Crew Certification & Registration. Her vast experience and knowledge of
maritime shipping has been behind her promotions and in 2007 she became Head of Legal &
Corporate in Moscow and then just two years later, Yulia became Deputy Director.
We have a real gem in Russia and Yulia has an excellent rapport with colleagues and as she nears
the 20 year mark with GMCG, we are looking forward to seeing more of her skills in action for the
benefit of all our Russian and other clients.

MARITIME TRAINING – THE FUTURE BECKONS

Our latest White Paper looks at the future of maritime training and why blended learning is benefiting from

the increasing use of online technology to offer dedicated courses for the maritime sector. Entitled:

Maritime Training – Zooming in on the new opportunities for global knowledge this free White Paper

examines the current STCW training and how education has evolved into a new blended approach using

not only online learning but also on-the-job training and practical courses encompassing such important

issues as fire-training, first-aid and seamanship courses. All our papers are available as free downloads

from our website here.

DIGITAL COLLABORATION URGED BY WORLD BANK

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The World Bank and the International Association of Ports & Harbours (IAPH) has released a new report
outlining how better digital collaboration between private and public bodies across the maritime supply
chain can result in significant efficiency gains. With the maritime transport chain carrying more than 90% of
world trade, some 11,000,000,000 tonnes each year, it is clear, according to the report, that there will be
realistic efficiency gains, lower emissions and stronger supply chains from this sort of co-operation. The
report is called: Accelerating Digitalization: Critical Actions to Strengthen the Resilience of the Maritime
Supply Chain and is an interesting source of information on the topic as well as the importance of ports in
the coming years.

SHIP SCRAPPING TO INCREASE PIRACY REMAINS A GLOBAL

THIS YEAR
The respected maritime data provider, Lloyds List
Intelligence, has revealed that ship scrapping
tonnage rate would increase by 75 per cent by
2030 compared to 2020 levels in a new report this
month. It emphasises that shipping’s transition to a
zero-carbon future will represent a ‘generational
risk’ for the shipping industry while it struggles to
remain ahead of carbon efficiency metrics. As a
result of this, they suggest that the regulations
could eliminate tonnage and some ship owners
from the market.
THREAT
Sad news from West Africa where a Turkish cargo
ship has been reported boarded and 15 seafarers
kidnapped, with one killed during a voyage from
Lagos in Nigeria to Cape Town in South Africa this
last week. The reports suggest the vessel was
Liberian flagged and was attacked just 100
nautical miles north west of the island of Sao
Tome & Principe. The crew had apparently locked
themselves into a safe area but were unable to

prevent the pirates reaching them after six hours

holding out.

We all understand the industry but …… WHAT IS ………

A SEACOCK?
A seacock is a valve situated in the hull of a vessel used to allow seawater into or out of the vessel and are

used to admit seawater for such things as cooling an engine, feeding a saltwater faucet, or even scuttling a

vessel, or, when times are hard, to drain a sink or toilet into the sea!

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