Archive for the ‘Corruption’ Category

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

Record‐low hijackings yet danger persists in Gulf of Guinea, shows latest global piracy report

Record‐low hijackings yet danger persists in Gulf of Guinea, shows latest global piracy report
Captain P. Mukundan A total of 156 incidents of piracy and armed robbery against ships were reported to the ICC International Maritime Bureau’s (IMB) Piracy Reporting Centre (PRC) in the first nine months of 2018 compared to 121 for the same period in 2017. The 2018 figure is broken down as 107 vessels...
October 29th, 2018 | Bribery and Corruption, Claims, Corruption, Headlines, Health and Safety, HR, Insight, Marine Insurance, Maritime Accidents, Maritime Fraud, Military, News, Piracy and Terrorism, Ports & Terminals, Safety and Security, Seizures | Read More

HRAS News: UK Anti Slavery Day – 18 October 2018

HRAS News: UK Anti Slavery Day – 18 October 2018
UK Anti Slavery Day – 18 October 2018 Thursday 18th of October is Anti-Slavery Day in the UK. While many may think slavery is a thing of the past, modern slavery is estimated to be a £115 billion industry. Human trafficking is an intertwined issue with modern slavery, with the ILO estimating 21 million...
October 19th, 2018 | Anniversaries, Charity, Communication, Corruption, HR, Manning - Seafarers and Offshore | Read More

World’s largest anti-corruption conference to take place in Copenhagen, Denmark, 22-24 October

World’s largest anti-corruption conference to take place in Copenhagen, Denmark, 22-24 October
Berlin, 26 September 2018 – The 18th International Anti-Corruption Conference will take place from 22-24 October in Copenhagen, Denmark under the theme Together for Development, Peace and Security: Now is the Time to Act. The world’s largest independent forum for fighting corruption will bring...
September 26th, 2018 | Associations, Bribery and Corruption, Corruption, Events, Conferences,Forums and Symposiums | Read More

Naval Dome calls on Insurers to revoke Clause CL 380

Naval Dome calls on Insurers to revoke Clause CL 380
Itai Sela Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference,...
September 19th, 2018 | Bribery and Corruption, Comment, Conferences, Seminars, Forums, Corruption, Events, Insight, Insurance and Reinsurance, Marine Insurance, News, Safety and Security | Read More

Doraleh port terminal may in future be leveraged as a processing center for the illegal arms trade

Doraleh port terminal may in future be leveraged as a processing center for the illegal arms trade
EXX Africa published a special report on the arms trade in the Horn of Africa LONDON, United Kingdom, September 3, 2018/ — EXX  Africa (www.EXXAfrica.com)  A published a special report on the arms trade in the Horn of Africa. Download the report: https://bit.ly/2CcF7hr The trade of illegal...
September 3rd, 2018 | Corruption, Maritime Fraud, Ports & Terminals, Reports | Read More

ReCAAP Information Sharing Centre and Philippine Coast Guard meeting on security…

ReCAAP Information Sharing Centre and Philippine Coast Guard meeting on security…
The first day of the meeting included a panel discussion to address questions from the audience on the current situation in the Sulu-Celebes Seas ReCAAP Information Sharing Centre and Philippine Coast Guard  Co-Organised Meeting with Government Agencies and Shipping Industry to Enhance Maritime Safety...
August 17th, 2018 | Bribery and Corruption, Corruption, Events, Conferences,Forums and Symposiums, Health and Safety, Maritime Fraud, Safety and Security | Read More

Fuel contamination – a get me home solution?

Fuel contamination – a get me home solution?
An example of a damaged plunger Contaminated fuel now also found in the world’s largest ship refuelling hub, Singapore, in addition to the Americas, has resulted in engine failures and mechanical damage according to a recent report from a Singapore-based marine fuel surveyor. Given certain parameters,...
August 2nd, 2018 | Bunkering, Corruption, Environment, Technical, Technology | Read More