Archive for the ‘Corruption’ Category

Misappropriation, fraudulent documents and non-physical loss…

Misappropriation, fraudulent documents and non-physical loss…
Misappropriation, fraudulent documents and non-physical loss: the Commercial Court provides clarification on the proper construction of All Risks marine cargo cover Engelhart CTP (US) LLC v Lloyd’s Syndicate 1221 for the 2014 Year of Account and others [27.03.2018] On 23 April 2018 the judgment on...
April 24th, 2018 | Corruption, Marine Insurance, Maritime Fraud | Read More

Pirate attacks worsen in Gulf of Guinea

Pirate attacks worsen in Gulf of Guinea
Captain Pottengal Mukundan. London and Kuala Lumpur, 10 April 2018 – A surge in armed attacks against ships around West Africa is pushing up global levels of piracy and armed robbery at sea, warns the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s Piracy...
April 10th, 2018 | Bribery and Corruption, Corruption, Health and Safety, Maritime Fraud, Military, News, Piracy and Terrorism, Reports, Safety and Security, Seizures | Read More

Steamship mutual on Criminal Finances Act 2017

Steamship mutual on Criminal Finances Act 2017
Criminal Finances Act 2017 – Extension of corporate accountability – General Guidance to Members The UK Criminal Finances Act 2017 (the Act) came into force on 30 September 2017 as part of the UK Government’s crackdown on economic crime and the pursuit of corporate accountability. This note summarises...
March 16th, 2018 | Corruption, P and I Clubs | Read More

The BDI@1,212 poses many question marks… geopolitics too…

The BDI@1,212 poses many question marks… geopolitics too…
John Faraclas The BDI (Baltic Index) gained just two points and remained stranded at 1,212 points; Geopolitics continue to be more than perplexed. John Faraclas’ daily briefing: The Capers’ BCI lost ten points and now stands at 1,587… The Panamaxes “surged” with 26 points and the BPI now reads...
March 6th, 2018 | Anniversaries, Automobiles, Corruption, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets | Read More

Blockchain only as strong as its weakest link – opportunities and challenges for the shipping industry

Blockchain only as strong as its weakest link – opportunities and challenges for the shipping industry
.. LONDON, 5 March 2018 – Blockchain has vast potential in a world where over 90 per cent of goods in global trade are carried by ships, and shipping transactions often involve dozens of people and organisations and can generate hundreds of interactions and communications among them. It is not surprising...
March 5th, 2018 | Corruption, Insight, Legal, Maritime Fraud | Read More

U-FREIGHT supports TAPA’s supply chain security efforts

U-FREIGHT supports TAPA’s supply chain security efforts
The news that cargo thefts at unsecured locations in the Europe, Middle East and Africa (EMEA) region accounted for 173 or 85.1 percent of incidents reported in November 2017, is further evidence of the need for diligence in supply chain security, says international freight forwarding and logistics company,...
February 12th, 2018 | Associations, Claims, Corruption, Logistics, Port Conditions, Safety and Security | Read More

ITIC warns about re-emergence of people-smuggling scam

ITIC warns about re-emergence of people-smuggling scam
International Transport Intermediaries Club (ITIC)* has warned ship agents about the re-emergence of a scam whereby they are being used by people-smugglers to cover the movement of illegal migrants. The basic pattern of the scam is for owners or managers to ask an agent to attend a vessel’s call,...
December 20th, 2017 | Corruption, Marine Insurance, P and I Clubs | Read More

North P&I Club highlights the steps to GDPR compliance

North P&I Club highlights the steps to GDPR compliance
Andrian Durkin December 19, 2017 – Leading marine insurer North P&I Club has highlighted the steps to be taken by the shipping industry to meet its obligations under the upcoming EU General Data Protection Regulation (GDPR), which enters into force in May 2018. Against a backdrop of increasing...
December 19th, 2017 | Conferences, Seminars, Forums, Corruption, P and I Clubs, Safety and Security | Read More

Hackers could sink a Bulk Carrier says Pen Test Partners

Hackers could sink a Bulk Carrier says Pen Test Partners
Strains on a vessel if it becomes overloaded Penetration testing experts Pen Test Partners, have highlighted how hackers could sink a bulk carrier by manipulating the loading data of its hull stress monitoring systems (HSMS) to deliberately cause an imbalance of cargo on the vessel without the crew being...
December 18th, 2017 | Corruption, IT and Communications, Maritime Accidents, Maritime Fraud, News, Safety and Security | Read More

Cyber Security panel debate at MECSS 2017

Cyber Security panel debate at MECSS 2017
Kevin Daffey “A new strain of ransomware nicknamed ‘Bad Rabbit’ has been found spreading in Russia, Ukraine and elsewhere” reported the media as recently as 24 October. Hardly a day goes by without news of a fresh cyber-attack. Organisations as diverse as Maersk and the UK’s National Health...
November 1st, 2017 | Associations, Conferences, Seminars, Forums, Corruption, IMarEST, Safety and Security | Read More

4 takeaways from the IMB’s latest global piracy report

4 takeaways from the IMB’s latest global piracy report
Captain P. Mukundan London, 17 October 2017 – A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime...
October 17th, 2017 | Associations, Bribery and Corruption, Corruption, Health and Safety, Insight, Maritime Fraud, Military, News, Piracy and Terrorism, Reports, Safety and Security | Read More

HFW Briefing – Something rotten in the state of shipping:

HFW Briefing – Something rotten in the state of shipping:
Paul Dean, partner Something rotten in the state of shipping: what you need to know about Mandate Fraud and the fraudulent redirecting of payments A recent shipping review lists fraud, as well as theft and corruption, as the joint second highest risk to the shipping sector, ranked only behind that of...
October 6th, 2017 | Corruption, Insight, Legal, Maritime Fraud | Read More

Name and shame the Athens Riviera’s polluters

Name and shame the Athens Riviera’s polluters
John Faraclas at Edem beach …Falifornia It is nearly a week now that the entire Athens Riviera in the Saronic Gulf is threatened from a maritime accident leading to a catastrophic pollution with incalculable repercussions on all sector of everyday day life – economic, environmental, financial,...
September 16th, 2017 | Associations, Corruption, Environment, Manning - Seafarers and Offshore, Maritime Accidents, News, Oceanology, Oil Spill, Politics and Government, Pollution | Read More

Capers’ volatility continues as the BDI falls. @1,344 caution is the only remedy…

Capers’ volatility continues as the BDI falls. @1,344 caution is the only remedy…
John Faraclas The BDI  (Baltic Dry Index) fell 11 points since yesterday, thanks to the counter form the Panamaxes, otherwise the losses were going to be bigger. Geopolitics turn sour… and London International Shipping Week rewrites Shipping Business History: London will continue to call the shots;...
September 12th, 2017 | Associations, Bribery and Corruption, Conferences, Seminars, Forums, Corruption, Dry Bulkcarriers, Markets, News, Reports, Statistics, Stock Markets, Tankers | Read More

Interferry conference to spotlight issues with bottom line benefits

Interferry conference to spotlight issues with bottom line benefits
Mike Corrigan Trade association Interferry stages its 42nd annual conference in Split, Croatia, next month with an agenda highlighting the income and savings potential in three key areas – the customer experience, ship technologies and safety issues including cybersecurity. The event runs from October...
September 12th, 2017 | Corruption, Cruise Ferry, Events, Conferences,Forums and Symposiums, IT and Communications, Marine Equipment Products and Services, Maritime Fraud, Piracy and Terrorism, Ro-Ro and Passenger Ferries, Safety and Security, Technical, Technology | Read More

North P&I Club welcomes Airbus to CSO Alliance

North P&I Club welcomes Airbus to CSO Alliance
Colin Gillespie August 29, 2017 – North P&I Club has welcomed Airbus to the CSO Alliance, the industry-leading partnership of company security officers (CSOs) established to counter maritime crime. Airbus, the largest aerospace company in Europe and a world-leading manufacturer, has partnered...
August 29th, 2017 | Bribery and Corruption, Corruption, Health and Safety, Maritime Fraud, P and I Clubs, Piracy and Terrorism, Safety and Security | Read More

The BDI@1,200: tough…

The BDI@1,200: tough…
John Faraclas Some say it is a curse for the Capers and Panamaxes to dive following a week of “euphoria”; our interpretation is that you haven’t seen anything yet. John Faraclas’ daily briefing: The BDI (Baltic Dry Index) lost 22 points earlier on today and now stands at 1,200 points – 1-1,100...
August 24th, 2017 | Container shipping, Corruption, Markets, Shipping Indices, Statistics, Stock Markets | Read More

The BDI needs an injection and Geopolitics psychiatrists

The BDI needs an injection and Geopolitics psychiatrists
John Faraclas The BDI (Baltic Dry Index) managed to clinch just four points since last Friday and at 1,036 looks a bit stranded… The Geopolitical issues indeed …“dictate” for the politicians to seek, with all due respect, for  psychiatrics. John Faraclas’ daily market briefing: The...
August 7th, 2017 | Corruption, Dry Bulkcarriers, European Union, Markets, Military, News, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Tankers | Read More

Dry Market gains ten points; so what!

Dry Market gains ten points; so what!
John Faraclas The BDI (Baltic Dry Index) gained hooray hooray ten points earlier on today and now reads 830; the Geopolitics continue to be in a mess; John Faraclas’ daily market briefing: Yesterday we hinted that we might see the market going for an upwards mode and it did happened… The Capers lead...
July 11th, 2017 | Bribery and Corruption, Communication, Corruption, Dry Bulkcarriers, Energy, Environment, Markets, Military, News, Oil Industry, Religion, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Who isn’t afraid of the BDI@ 829…

Who isn’t afraid of the BDI@ 829…
John N. Faraclas The BDI (Baltic Dry Index) lost 18 points earlier on today and now stands uncomfortably at 829 points; the Geopolitics inclusive of the  G20 forum taking place tomorrow in Hamburg will determine a great deal of future politics and trade AND possibly the environment. John Faraclas’...
July 6th, 2017 | Associations, Bribery and Corruption, Charity, Chartering, Conferences, Seminars, Forums, Containers, Corruption, European Union, Food and Drink, IUA, Markets, Military, Oil Industry, Piracy and Terrorism, Politics and Government, Ports & Terminals, Press and Media, Safety and Security, Shipping Indices, Tankers, Trade and Commerce | Read More

New case of Seafarer abuse exposed

New case of Seafarer abuse exposed
MT Ocean Pride washing water “We are totally unsafe here… this is a dead ship. Sea water is leaking in the engine room… no facilities… rusty water…. If anything happens we will not survive. All will be dead… Please send us home.” Human Rights at Sea today publishes yet another detailed...
July 4th, 2017 | Charity, Corruption, Flags, Groundings, Health and Safety, HR, IT and Communications, Labour Disputes, Manning - Seafarers and Offshore, Safety and Security | Read More

2017 Q2 IMB Piracy Report

2017 Q2 IMB Piracy Report
Captain P. Mukundan London, 4 July 2017 – Continuing decline in the number of reported incidents of maritime piracy and armed robbery against ships has been revealed in the second quarter piracy report of the ICC International Maritime Bureau (IMB), published today. According to the report, the first...
July 4th, 2017 | Bribery and Corruption, Corruption, Maritime Fraud, News, Piracy and Terrorism, Reports, Safety and Security | Read More

The Markets; a fool’s paradise?

The Markets; a fool’s paradise?
John Faraclas The BDI (Baltic Dry Index) lost just one point earlier on today, thanks to the Panamaxes, Supras and Handies …”balancing” the Capers’ fall; Geops (Geopolitics) will soon cause a …geopolitical inferno of incalculable dimensions. It will be both a Tsunami and a …forest fire on...
June 20th, 2017 | Banking, Corruption, Dry Bulkcarriers, Finance, Maritime Fraud, Markets, News, Piracy and Terrorism, Politics and Government, Ship Finance, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

North P&I Club joins industry coalition to combat cyber crime

North P&I Club joins industry coalition to combat cyber crime
Colin Gillespie June 13, 2017 – North P&I Club has joined a collaboration between shipping industry leaders, including BIMCO, DNV GL and the Marshall Islands Registry, to combat cyber criminals by committing to the CSO Alliance’s global information and reporting platform for digital attacks. Cybercrime...
June 13th, 2017 | Corruption, Marine Insurance, P and I Clubs, Piracy and Terrorism, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
05-Jun-2017 PORT ENTRY RESTRICTIONS Bahrain PORT ENTRY RESTRICTIONS – FUJAIRAH Fujairah, United Arab Emirates SHIP TO SHIP OPERATIONS SUSPENDED AT ANCHORAGE Salalah, Oman REMOVAL OF GOVERNMENT MOORING BUOY A29 OFF CAUSEWAY BAY TYPHOON SHELTER Hong Kong SUBMARINE OUTFALL INSPECTION...
June 5th, 2017 | Corruption, Earthquakes, Tsunamis, Cyclones and Typhoons, Politics and Government, Ports & Terminals, Sanctions | Read More