Archive for the ‘Corruption’ Category

£3million Cyber-SHIP Lab offers unique opportunity to address global maritime cyber security challenges

£3million Cyber-SHIP Lab offers unique opportunity to address global maritime cyber security challenges
. £3million Cyber-SHIP Lab offers unique opportunity to address global maritime cyber security challenges A unique new research facility designed to address the key cyber security challenges facing the shipping industry is being established at the University of Plymouth. The £3million Cyber-SHIP Lab,...
November 4th, 2019 | Academia, Corruption, Marine Equipment Products and Services, Safety and Security | Read More

Anglo-Eastern and Naval Dome ink Cyber MOU

Anglo-Eastern and Naval Dome ink Cyber MOU
Capt. Hojgaard said: “Cyber threats are amongst the most serious challenges the global shipping industry faces.” Anglo-Eastern and Naval Dome ink Cyber MOU Global ship manager Anglo-Eastern has inked a memorandum of understanding on cyber security with Naval Dome. Signed by Capt. Bjorn Hojgaard,...
October 21st, 2019 | Corruption, IT and Communications, Maritime Fraud, Safety and Security, Technology | Read More

2019 Q3 IMB Piracy Report

2019 Q3 IMB Piracy Report
Captain P. Mukundan Maritime piracy incidents down in Q3, yet Gulf of Guinea remains a hot spot London and Kuala Lumpur, 15 October 2019 – The International Chamber of Commerce International Maritime Bureau’s (IMB) report for the third quarter of 2019 demonstrates fewer incidents of piracy and armed...
October 15th, 2019 | Bribery and Corruption, Corruption, Health and Safety, Maritime Fraud, Piracy and Terrorism, Reports, Safety and Security, Seizures | Read More

The Bulletin: Bugs in the system

The Bulletin: Bugs in the system
The Bulletin: Bugs in the system Autumn 2019 Vol.10 Ed.4 Bugs in the system: Cyber readiness in global finance For law-abiding people, rapid advances in digitalisation offer convenience, ease of access and cost efficiency. For the criminally minded, it presents countless openings for large-scale cyber...
October 1st, 2019 | Corruption, IT and Communications, Safety and Security | Read More

Surprise surprise the BDI is on the up…

Surprise surprise the BDI is on the up…
John Faraclas Surprise surprise the BDI is on the up The BDI (Baltic Dry Index) ended up eight point higher since yesterday and now stands at 1,720 points. Geopolitics as usual enigmatically perplexed might produce explosive situations from which Humanity will be greatly affected and conversely Shipping;...
August 8th, 2019 | Bribery and Corruption, Chartering, Comment, Corruption, Environment, Immigration, Insight, Markets, Military, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Marine Kidnap & Ransom Cover / Cyber Extortion Extension

Marine Kidnap & Ransom Cover / Cyber Extortion Extension
. Marine Kidnap & Ransom Cover / Cyber Extortion Extension Steamship Mutual Club Circular L.330 Marine Kidnap & Ransom Cover  – Cyber Extortion Extension       30 July 2019 Steamship Mutual has for a number of years offered its Members cover for marine Kidnap & Ransom risks. This...
July 30th, 2019 | Corruption, Health and Safety, Maritime Fraud, News, P and I Clubs, Piracy and Terrorism, Safety and Security | Read More

Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah

Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah
Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah The ReCAAP ISC has produced the “Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah”. Between 2016 and 2019, a total of 29 incidents of abduction of crew (comprising 18 actual incidents...
July 26th, 2019 | Arrest of ships, Corruption, Health and Safety, Piracy and Terrorism, Safety and Security | Read More

Italy must revive sense of direction, Financial market manipulation

Italy must revive sense of direction, Financial market manipulation
Italy must revive sense of direction, Financial market manipulation Commentary: Italy must revive sense of direction By Antonio Armellini in Rome The reversal in relative strength of Italy’s two governing partners, Lega and the Five Star Movement, did not bring greater clarity, as they continue...
July 2nd, 2019 | Banking, Comment, Corruption, Country Profiles, Finance, Markets | Read More

Hot Port News from GAC

Hot Port News from GAC
Hot Port News from GAC   09-May-2019 TARIFF INCREASE ANNOUNCED Port Kembla, Australia BUNKER CRAFT OPERATOR LICENCE REVOKED Singapore Tariff increase announced Thursday, May 9, 2019, Port Kembla, Australia NSW Ports have announced that there will be an 3% increase to the tariff, effective...
May 9th, 2019 | Bunkering, Corruption, Port Conditions, Ports & Terminals, Taxation | Read More

The Oslo Stock Exchange imposes a violation charge on Element ASA

The Oslo Stock Exchange imposes a violation charge on Element ASA
The Oslo Stock Exchange imposes a violation charge on Element ASA 09/05/2019 On 9 May 2019, the Oslo Stock Exchange resolved to impose a violation charge on Element ASA of NOK 586,200 for breach of the duty to disclose inside information.   The Oslo Stock Exchange has passed the following resolution: “For...
May 9th, 2019 | Corruption, Stock Markets | Read More

The BDI@869; not too much steam…

The BDI@869; not too much steam…
John Faraclas The BDI@869; not too much steam… The BDI (Baltic Dry Index) despite gains remains a perplexed enigma given that we cannot verify- at least for the time being a sustainable future… Geopolitics becoming crucial given the presence of US Navy’s powerful force – two aircraft carriers...
April 25th, 2019 | Chartering, Corruption, Dry Bulkcarriers, Insight, Markets, News, Piracy and Terrorism, Ports & Terminals, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Rape at Sea, Flag State jurisdiction and the Search for Justice

Rape at Sea, Flag State jurisdiction and the Search for Justice
Rape at Sea, Flag State jurisdiction and the Search for Justice Commentary 15th April 2019 London. UK. The alleged rape of a 17-year-old female UK national on the Panamanian flagged cruise ship MSC Divina as the ship sailed between Mallorca and the Spanish port of Valencia, brings to the forefront the...
April 17th, 2019 | Charity, Corruption, Health and Safety, Safety and Security | Read More

The BDI@738: a good start for the market’s resurrection?

The BDI@738: a good start for the market’s resurrection?
John Faraclas The BDI@738: a good start for the market’s resurrection? The BDI (Baltic Dry Index) gained 12 points and now stands at 38; a good start for the market’s resurrection… Geopolitics still might produce upheavals in all fronts… John Faraclas’ daily recap: The Capes’ BCI was up...
April 15th, 2019 | Breaking News, Chartering, Corruption, Dry Bulkcarriers, Emissions, Environment, Markets, Military, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Industry supports the IMO’s new anti-corruption agenda

Industry supports the IMO’s new anti-corruption agenda
Guy PlattenICS Secretary General Industry supports the IMO’s new anti-corruption agenda The International Maritime Organization (IMO) has agreed to address maritime corruption by including this important issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption...
April 15th, 2019 | Associations, Corruption, IMO, International Chamber of Shipping, Organisations | Read More

American Club member alert (April, 12, 2019) Re – First Quarter 2019 Maritime Piracy Update

American Club member alert (April, 12, 2019) Re – First Quarter 2019 Maritime Piracy Update
AMERICAN CLUB MEMBER ALERT (April 12, 2019) RE – FIRST QUARTER 2019 MARITIME PIRACY UPDATE  APRIL 12, 2019   FIRST QUARTER 2019 MARITIME PIRACY UPDATE The International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has released its most recent report, Piracy and Armed Robbery...
April 12th, 2019 | Corruption, Marine Insurance, P and I Clubs, Piracy and Terrorism | Read More

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club AMERICAN CLUB CIRCULAR NO. 12/19 – US SANCTIONS ON VENEZUELA: RISKS FOR NON-US PERSONS CONCERNING TRANSACTIONS WITH PDVSA APRIL 12, 2019   CIRCULAR NO. 12/19   TO MEMBERS OF THE ASSOCIATION   Dear...
April 12th, 2019 | Corruption, Marine Insurance, P and I Clubs, Sanctions | Read More

Shipping Industry on Red Alert for Cyber-Attack

Shipping Industry on Red Alert for Cyber-Attack
  Naval Dome CEO Itai Sela Shipping Industry On Red Alert For Cyber-Attack  The maritime sector is being targeted by highly motivated cyber criminals and the shipping industry should be on the highest alert for a cyber-attack, warned Naval Dome CEO Itai Sela today. Speaking at the Singapore Maritime...
April 11th, 2019 | Corruption, IT and Communications | Read More

Training against cyber-attack in the maritime sector

Training against cyber-attack in the maritime sector
The Institute of Marine Engineering, Science & Technology (IMarEST)’s MLA College, together with the University of Sunderland and Stapleton International, has developed an online Maritime Cyber Risk Awareness Course to help address an industry-wide lack of preparedness against digital threats Modern...
March 13th, 2019 | Communication, Corruption, Events, Conferences,Forums and Symposiums, IMarEST, IT and Communications, Maritime Education and Training, Maritime Fraud, Safety and Security | Read More

Charity calls for ship owners to embrace conflict resolution as a matter of urgency, following three knife attacks at sea in as many weeks

Charity calls for ship owners to embrace conflict resolution as a matter of urgency, following three knife attacks at sea in as many weeks
Stuart Rivers International maritime charity Sailors’ Society is calling on ship owners to embrace conflict resolution as a matter of urgency, following three knife attacks at sea in almost as many weeks. Sailors’ Society’s CEO Stuart Rivers said, “The tragic news, that two people were killed...
February 22nd, 2019 | Charity, Claims, Corruption, Health and Safety, News, Piracy and Terrorism | Read More

Midweek blues: The BDI@622 as Capes continue to disappoint…

Midweek blues: The BDI@622 as Capes continue to disappoint…
John Faraclas The BDI (Baltic Dry Index) lost 13 points earlier on today “THANKS” to the cursed Capes… Geopolitics continue to be more than messy. John Faraclas’ brief recap: The Capes lost 72 points and the BCI now stands at 578 – it lost the 600 points threshold and things might get sour…...
February 20th, 2019 | Banking, Chartering, Comment, Corruption, Dry Bulkcarriers, Fixtures, Insight, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

IMB piracy report 2018: attacks multiply in the Gulf of Guinea

IMB piracy report 2018: attacks multiply in the Gulf of Guinea
Captain P. Mukundan London and Kuala Lumpur, 16 January 2019 – Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals. Worldwide,...
January 16th, 2019 | Arrest of ships, Bribery and Corruption, Claims, Corruption, Insight, Maritime Fraud, News, Piracy and Terrorism, Reports, Safety and Security | Read More

ITIC puts members on alert after uncovering fraudulent diversion of cash

ITIC puts members on alert after uncovering fraudulent diversion of cash
International Transport Intermediaries Club (ITIC) has warned its members to perform proper bank account checks when transferring funds to principals and intermediaries. The warning comes following the fraudulent diversion of a significant sum of cash transmitted in good faith by ship agents to the master...
December 17th, 2018 | Corruption, Maritime Fraud, P and I Clubs | Read More

Digital defence in the maritime industry

Digital defence in the maritime industry
As owners act to fortify their ships and shore-side operations against cyber risk in the face of evolving threats and imminent regulation, DNV GL has expanded its services to cover control systems, software, procedures and human factors.  by Svante Einarsson, Senior Cyber Security Advisor, DNV GL Although...
November 21st, 2018 | Classification Societies, Corruption, Insight, IT and Communications, Marine Equipment Products and Services, Maritime Fraud, Safety and Security, Technical, Technology | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

The BDI@1,231 …medieval figures that hurt

The BDI@1,231 …medieval figures that hurt
John Faraclas The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing: The BDI by...
November 8th, 2018 | Alternative Sources of Energy, Chartering, Comment, Conferences, Seminars, Forums, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, Gas, Markets, News, Oil Industry, Pollution, Reports | Read More