Archive for the ‘Bribery and Corruption’ Category

ITIC warns on fraudulent diversion of funds

ITIC warns on fraudulent diversion of funds
International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wider...
March 13th, 2015 | Associations, Bribery and Corruption, Corruption, Maritime Fraud | Read More

ISIS export gateway to global crude oil markets

ISIS export gateway to global crude oil markets
Dr. George Kiourktsoglou ISIS EXPORT GATEWAY TO GLOBAL CRUDE OIL MARKETS George KIOURKTSOGLOU*,  Visiting Lecturer, University of Greenwich, London  – Dr Alec D COUTROUBIS,  Principal Lecturer, University of Greenwich, London Abstract The Islamic State of Iraq and Syria (ISIS) began to take...
March 12th, 2015 | Associations, Bribery and Corruption, Civil Unrest, Corruption, Defense, Disputes, Energy, European Union, Gas, Health and Safety, Insight, Insurance and Reinsurance, Intertanko, LNG, LPG, Marine Insurance, Maritime Accidents, Maritime Fraud, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Organisations, Politics and Government, Ports & Terminals, Reports, Safety and Security, Sanctions, Seizures, Stock Markets, Tankers, Trade and Commerce, UN | Read More

Closing remarks to the high level meeting on migration by IMO Secretary-General Koji Sekimizu

Closing remarks to the high level meeting on migration by IMO Secretary-General Koji Sekimizu
IMO’s Secretary-General Koji Sekimizu High-level Meeting to Address Unsafe Mixed Migration by Sea IMO Headquarters, London,  4 and 5 March 2015 Closing remarks by Koji Sekimizu Secretary-General, International Maritime Organization Ladies and gentlemen, We are coming to the end of this session,...
March 6th, 2015 | Associations, Bribery and Corruption, Conferences, Seminars, Forums, Corruption, Events, Headlines, Health and Safety, IMO, Marine Insurance, Maritime Fraud, News, Organisations, Safety and Security | Read More

It’s good to see the BDI …sized up at 524 !

It’s good to see the BDI …sized up at 524 !
John Faraclas; making his points more than clear… Now what do you make of this unexpected rise of the BDI even at plus 8 points? Has it anything to do with yesterday’s FTSE record at 6, 949.63? That was great, a great record given that the last one was in the previous millennium on 30 December...
February 25th, 2015 | Associations, Banking, Bribery and Corruption, Consumers Market, Corruption, Defense, Energy, Environment, HR, Maritime Fraud, Markets, Military, Politics and Government, Safety and Security, Shipfinance, Shipping Indices, Statistics, Stock Markets | Read More

Greece: what next…

Greece: what next…
John Faraclas WITHOUT PREJUDICE Greece: what next… I am sure you all know about the Mutiny on the Bounty, and many of you have seen the 1962 film… Now we see the Mutiny on SYRIZA following a statement by Manoli Glezos, a SYRIZA MEP at 91 years old and a hero of Greek Resistance during World War II....
February 23rd, 2015 | Banking, Breaking News, Bribery and Corruption, Comment, Communication, Corruption, Insight, Markets, Mergers and Acquisitions, Organisations, Politics and Government, Shipping Centers, Statistics, Stock Markets, Trade and Commerce, UN | Read More

New legal note on duty to investigate abuses in the EU

New legal note on duty to investigate abuses in the EU
Attached is an advisory note covering the duty to investigate human rights abuses at sea drafted by Stephenson Harwood LLP and Human Rights at Sea. We hope you can find some spare time to study same and comment! Please log on herebelow: Human Rights Abuses at Sea Article – Stephenson Harwood LLP...
February 21st, 2015 | Associations, Bribery and Corruption, Communication, Company Profiles, Corporate Social Responsibility, Environment, Health and Safety, HR, ILO, Jobs, Labour Disputes, Legal, Manning - Seafarers and Offshore, Maritime Education and Training, Piracy and Terrorism, Politics and Government, Ports & Terminals, Press and Media, Religion, Safety and Security, Strikes, WISTA - Women in Shipping | Read More

Did events in Ukraine force the change of Greek tactics?

Did events in Ukraine force the change of Greek tactics?
Dr. Andreas Koutras Did events in Ukraine force the change of Greek tactics? by Dr. Andreas Koutras Many analysts justified the recent change of heart of the Greek government to Eurogroup’s ultimatum and the hard stance of the German finance minister and the rest of the 17 finance ministers. This...
February 20th, 2015 | Associations, Banking, Bribery and Corruption, Comment, Defense, Disputes, Energy, Environment, European Union, Finance, Immigration, Insight, News, Organisations, Piracy and Terrorism, Politics and Government, Press and Media, Religion, Reports, Sanctions, Strikes, Trade and Commerce, UN | Read More

CYPNAVAL 2015: be there on 19-20 May

CYPNAVAL 2015: be there on 19-20 May
Larnaca, Cyprus CYPNAVAL 2015, the 2nd Int’l Sea Security Conference & Exhibition (Offshore-Maritime-Ports security, Search & Rescue) on 19-20 May 2015 in Larnaca of Cyprus. CYPNAVAL 2015 is a unique event across the Mediterranean Sea and has an aim to enhance the protection of the Blue...
February 18th, 2015 | Arrest of ships, Associations, Bribery and Corruption, Conferences, Seminars, Forums, Corruption, Defense, Environment, Events, Immigration, Logistics, Marine Equipment Products and Services, Military, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Safety and Security, Seizures, Shipbuilding and Shipyards, Underwater Shipping | Read More

With the BDI at 540, investing in shipping now, does make sense!

With the BDI at 540, investing in shipping now, does make sense!
John Faraclas It probably sounds a bit odd but the truth of the matter is that investing in shipping now that the BDI is on a free fall (it was all along over the last 14 months) does make sense. Today’s minus 13 points it might be the lucky number – Agatha Christie knew best! John Faraclas writes:  With...
February 12th, 2015 | Academia, Associations, At the end of the day..., Aviation, Banking, Breaking News, Bribery and Corruption, Comment, Corruption, Finance, HR, Maritime Fraud, Military, Shipfinance, Shipping Indices | Read More

U-Freight gains trusted trader status in Taiwan

U-Freight Taiwan, the U-Freight Group’s (UFL) Taiwanese partner, has been certified by the Taiwan Customs Authority as an Authorised Economic Operator (AEO). U-Freight Taiwan’s accreditation follows that of U-Freight Holland in 2012, U-Freight’s Spanish (Tracosa) and German (Alpha trans Luft- und...
February 10th, 2015 | Associations, Bribery and Corruption, Corruption, Disputes, Maritime Fraud, Organisations, Piracy and Terrorism, Ports & Terminals, Safety and Security, Trade and Commerce | Read More

IUA and LMA prepare for new insurance legal framework

IUA and LMA prepare for new insurance legal framework
Chris Jones Plans are being made by the International Underwriting Association and Lloyd’s Market Association to prepare their members for fundamental changes being made to insurance contract law in the UK. The Insurance Bill has been passed unanimously in the House of Commons and is expected to become...
February 6th, 2015 | Associations, Bribery and Corruption, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud | Read More

World Shipping Markets and geopolitics: Tornadoes and tsunamis ahead…

World Shipping Markets and geopolitics: Tornadoes and tsunamis ahead…
John Faraclas Our fourth  weekly recapitulation of the markets and world geopolitics affecting same in 2015, tonight Friday the 23rd of  January, with John Faraclas of AllAboutShipping in London we stress the effects of the Greek elections in less than 48 hours, oil prices, the Davos effect a few geopolitical...
January 23rd, 2015 | Associations, Bribery and Corruption, Markets, News, Piracy and Terrorism, Politics and Government | Read More

“BRILLANTE VIRTUOSO”: Judgment [HD-UKLIVE.FID2551190]

“BRILLANTE VIRTUOSO”: Judgment [HD-UKLIVE.FID2551190]
Rhys Clift The “BRILLANTE VIRTUOSO”  SUEZ FORTUNE INVESTMENTS LTD and PIRAEUS BANK SA v TALBOT UNDERWRITING LTD and others On 5th-6th July 2011, the vessel Brillante Virtuoso was taken by pirates off the coast of Aden, Yemen. The pirates ordered the vessel to proceed to Somalia, but after...
January 15th, 2015 | Banking, Bribery and Corruption, Claims, Corruption, Disputes, Energy, Health and Safety, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, Piracy and Terrorism, Safety and Security, Salvage, Towage, Wreck Removals, Seizures, Ship Finance, Shipfinance | Read More

2014 Annual IMB Piracy Report

2014 Annual IMB Piracy Report
SE Asia tanker hijacks rose in 2014 despite global drop in sea piracy, IMB report reveals London and Kuala Lumpur, 14 January 2015 – Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling...
January 14th, 2015 | Bribery and Corruption, Corruption, Health and Safety, Maritime Fraud, Piracy and Terrorism, Safety and Security, Shipmanagement | Read More

The Blue Sky M shameful saga

The Blue Sky M shameful saga
The Blue Sky M – photo credits: Reuters As we have numerous times said and following the latest shameful case of the Blue Sky M carrying nearly one thousand illegal immigrants, it is about time for a coherent action in Europe and then on a global level to have an international Coast Guard with...
December 31st, 2014 | Arrest of ships, Bribery and Corruption, Corruption, Health and Safety, Military, News, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Greece: good politicians are in short supply…

Greece: good politicians are in short supply…
John Faraclas outside the Greek Parliament: Watch this space… Over the last forty years the nation which gave the world for three millennia great orators, politicians and business champions – particularly in the shipping front, as well as an inheritance of politics – needless to say a classicic...
December 17th, 2014 | At the end of the day..., Breaking News, Bribery and Corruption, Politics and Government | Read More

On Day to Abolish Slavery, UN urges end to modern-day scourge trapping 21 million

On Day to Abolish Slavery, UN urges end to modern-day scourge trapping 21 million
Children engaged in stone and sand collection in Jaflong, Sylhet (Bangladesh). UN/Regina Merkova 2 December 2014 – Today, 21 million women, men and children worldwide are trapped in slavery, denied the right to live and ultimately work in freedom, dignity and equality, the United Nations International...
December 2nd, 2014 | Associations, Bribery and Corruption, Corruption, Health and Safety, HR, ILO, IMO, Organisations, Politics and Government, Safety and Security, UN | Read More

Indian Asphalt Venture seafarers released by Somalia pirates

Indian Asphalt Venture seafarers released by Somalia pirates
  The seven released crew men at the airport in Nairobi after their release. Photo: MPHRP Seven Indian seafarers held hostage by pirates in Somalia for more than four years have been released. (source:  IHS Maritime 360) The men are the remaining crew members of the Panama-flagged 3, 884dwt general...
November 5th, 2014 | Associations, Bribery and Corruption, Claims, Corruption, Health and Safety, HR, Piracy and Terrorism, Safety and Security | Read More

IMB notes concern over small tanker attacks in SE Asia

IMB notes concern over small tanker attacks in SE Asia
Pottengal Mukundan. London, 29 October 2014 – While pirate attacks on the world’s seas have fallen for the third consecutive  year, small tanker hijacks by armed gangs are escalating in Southeast Asia, reveals the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) in its...
October 29th, 2014 | Associations, Bribery and Corruption, Corruption, HR, Maritime Fraud, Military, News, Piracy and Terrorism, Reports, Safety and Security, Sanctions, Seizures | Read More

Ethical Business: Luxury or Necessity? Companies and the anti-Money Laundering drive

Ethical Business: Luxury or Necessity?  Companies and the anti-Money Laundering drive
Andy Gibson Ethical Business: Luxury or Necessity? Companies and the anti-Money Laundering drive The second article in this series of three focusing on the need for a more overtly ethical approach to international business examines the issues surrounding Anti- Money Laundering and Anti-Bribery and Corruption...
October 22nd, 2014 | Associations, Bribery and Corruption, Corruption, Legal, Maritime Fraud, Piracy and Terrorism, Safety and Security, Sanctions, Seizures | Read More

The Markets: All you need is power

The Markets: All you need is power
John Faraclas The Markets dictates that you have to be very powerful and well placed to survive, alternative make it look …cool! For a fifth week the shipping markets and its main dry index remained …afloat above the 1, 000 point mark, but struggles to maintain this four digits due to uncertainty,...
September 12th, 2014 | Bribery and Corruption, Conferences, Seminars, Forums, Corruption, Fashion, Health and Safety, HR, ITF, Maritime Accidents, Markets, News, P and I Clubs, Shipbuilding and Shipyards, Shipfinance, WISTA - Women in Shipping | Read More

Ethical Business: Luxury or Necessity?

Ethical Business: Luxury or Necessity?
Andy Gibson Ethical Business: Luxury or Necessity? By Andy Gibson* This is the first of a series of three articles examining the need for a more overtly ethical approach to international business, both by those conducting it – i.e. manufacturers, producers, exporters and importers –  and by those...
August 28th, 2014 | Associations, Bribery and Corruption, Corporate Social Responsibility, Environment, HR, Legal, News | Read More

Bribery and Corruption – A pressing issue around the world

Bribery and Corruption – A pressing issue around the world
  Chris Charman Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the substantial risk it creates to the reputation of affected businesses and the...
August 15th, 2014 | Associations, Bribery and Corruption, News | Read More

An Interview with John Faraclas in NOUSE

An Interview with John Faraclas in NOUSE
Yvonni-Stefania Efstathiou   John Faraclas Live interview at NOUSE to Yvonni-Stefania Efstathiou*, politics editor  of the University of York’s Student newspaper on Friday the 11th of July 2014 and published today. On a summery yet rainy day, in a café at Holland Park, just a few minutes...
July 14th, 2014 | Associations, Bribery and Corruption, Corruption, Cruise Industry, Defense, Energy, Environment, European Union, Flags, Gas, Holidays, HR, IT and Communications, Legal, LNG, Manning - Seafarers and Offshore, Marine Equipment Products and Services, Maritime Fraud, Maritime History and Museums, Maritime Tourism, Markets, Military, Mining, Oil Industry, Oil Platforms and Rigs, Pensions, Politics and Government, Press and Media, Regulatory, Reports, Safety and Security, Ship Conversions, Shipbuilding and Shipyards, Shipfinance, Shiprepair, Stock Markets, Taxation, Technology, Tourism, Trade and Commerce | Read More

Transnational Seaborne Organised Crime: an Update

Transnational Seaborne Organised Crime: an Update
George Kiourktsoglou Transnational Seaborne Organised Crime: an Update George Kiourktsoglou[1] (Visiting Lecturer, PhD Candidate, University of Greenwich, London) Dr. Alec Coutroubis (Principal Lecturer, University of Greenwich, London) Introduction The definition of Transnational Organised Crime (TOC)...
July 14th, 2014 | Associations, Bribery and Corruption, Corruption, Insight, Maritime Fraud, Organisations, Piracy and Terrorism, Safety and Security, UN | Read More