Archive for the ‘Corruption’ Category

Cargo Theft Report Confirms Upward Trends in 2019

Cargo Theft Report Confirms Upward Trends in 2019
.. Cargo Theft Report Confirms Upward Trends in 2019  Cargo in transit by road remains the dominant risk Food & beverage cargo increases share of commodity profile Thefts confirmed from unsecure truck parking average 8 per day globally South America ranks highest in median value of cargo per incident...
February 19th, 2020 | Claims, Corruption, Logistics, P and I Clubs, Reports, Safety and Security | Read More

With the BDI down at 415, lips are sealed…

With the BDI down at 415, lips are sealed…
John Faraclas With the BDI down at 415, lips are sealed… What an end of a weak week that was with the BDI losing 16 points and now standing at 415 amid dangerous and perplexed geopolitical issues? John Faraclas’ recap: The weekly losses of the BDI stood at 72 points – down from 487 recorded last...
February 7th, 2020 | Anniversaries, Art and auctions, Awards, Chartering, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, European Union, Events, Events, Conferences,Forums and Symposiums, Fishing Trawlers, Fixtures, Health and Safety, HR, IMO, Insight, Markets, Military, News, Oil Spill, Organisations, People and Places, Photography, Politics and Government, Pollution, Ports & Terminals, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

66% rise in thefts on tube network as December RMT strike hits

66% rise in thefts on tube network as December RMT strike hits
… 66% rise in thefts on tube network as December RMT strike hits Analysis of figures from the British Transport Police showed 1,005 thefts took place on tube lines in December 2019 BTP recorded a total of 1,596 across all its transport networks in December last year This included 977 thefts from...
January 28th, 2020 | Corruption, Rail, Safety and Security, Statistics | Read More

The BDI@1,103: contained losses but losses…

The BDI@1,103: contained losses but losses…
John Faraclas The BDI@1,103:Contained losses but losses… The BDI (Baltic Dry Index) lost 20 points earlier on today and now stands at 1,103 points. Contained losses but still losses marking the Festive Season and as we mentioned a few days ago we are back to square one! Geopolitics crucial with the...
December 23rd, 2019 | Chartering, Comment, Corruption, Dry Bulkcarriers, Markets, Military, News, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Stella Maris supporting seafarers facing unseen crisis at Christmas

Stella Maris supporting seafarers facing unseen crisis at Christmas
Stella Maris port chaplain with a seafarer Stella Maris supporting seafarers facing unseen crisis at Christmas While most businesses and companies have started winding down operations in preparation for the Christmas holidays, global maritime charity Stella Maris (Apostleship of the Sea) will be busy...
December 23rd, 2019 | Charity, Corruption, Health and Safety, Holidays, HR, Labour Disputes, Manning - Seafarers and Offshore, Religion | Read More

ReCAAP Information Sharing Centre and Philippine Coast Guard Jointly Convene Meeting with Regional Maritime Authorities, Shipping Industry and Diplomatic Community to Assess Evolution of Piracy and Sea Robbery in Asia

ReCAAP Information Sharing Centre and Philippine Coast Guard Jointly Convene Meeting with Regional Maritime Authorities, Shipping Industry and Diplomatic Community to Assess Evolution of Piracy and Sea Robbery in Asia
Admiral Joel S. Garcia, Commandant of the Philippine Coast Guard and Chairperson of ReCAAP Information Sharing Centre Governing Council welcomed participants from the diplomatic community, ReCAAP Focal Points, regional law enforcement authorities and the shipping industry to the opening of the Cluster...
December 18th, 2019 | Corruption, Military, Piracy and Terrorism, Safety and Security | Read More

£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