Archive for the ‘Maritime Fraud’ Category

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

Ocean Shipping Industry prioritizes technology investment for year ahead

Ocean Shipping Industry prioritizes technology investment for year ahead
. New Survey Finds Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth Industry Respondents Say Technology Spending Will Increase as Companies Seek to Improve Process Efficiency, Customer Experience, and Supply Chain Collaboration SAN...
November 13th, 2018 | Maritime Fraud, Markets, Safety and Security, Trade and Commerce | Read More

Capes “sink” the BDI at 1,395…

Capes “sink” the BDI at 1,395…
John Faraclas The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing: The  volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was...
November 6th, 2018 | Associations, Bunkering, Chartering, Classification Societies, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Insight, Legal, Marine Equipment Products and Services, Maritime Fraud, Maritime Fraud, Maritime Tourism, Markets, Oil Industry, Piracy and Terrorism, Politics and Government, Regulatory, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Technology, Tourism | 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

Piracy and Sea Robbery Situation in Asia for January to September 2018

Piracy and Sea Robbery Situation in Asia for January to September 2018
Piracy and Sea Robbery Situation in Asia for January to September 2018 Single-sheet Summary for ReCAAP ISC 3rd Quarter 2018 Report (Pg 1) Summary   A total of 64 incidents of piracy and armed robbery against ships (comprising 50 actual incidents and 14 attempted incidents) reported in Asia during...
October 12th, 2018 | Bribery and Corruption, Maritime Fraud, Piracy and Terrorism, Reports | Read More

Media advisory: Foreign bribery goes unpunished by most big exporters

Media advisory: Foreign bribery goes unpunished by most big exporters
Berlin, 10 September 2018 – Most of the world’s most powerful export markets are failing to punish corporations paying bribes overseas, according to a new report from Transparency International to be released on 12 September 2018. Exporting Corruption 2018: Assessing Enforcement of the OECD Anti-Bribery...
September 10th, 2018 | Bribery and Corruption, Maritime Fraud, Reports, 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

Falling BDI@1,614 sends alarming bells…

Falling BDI@1,614 sends alarming bells…
John Faraclas The BDI (Baltic Dry Index) lost 47 points earlier on today and now reads 1,614 – about to go under the 1,600 points mark. Geopolitics continue to be perplexed. John Faraclas’ brief recap: The Capes’ BCI lost 168 points and now reads 2,826… what a triple-digit loss that was… The...
August 30th, 2018 | Chartering, Dry Bulkcarriers, Health and Safety, Maritime Fraud, Markets, News, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | 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

Naval Dome CEO Itai Sela comments on COSCO cyber-attack

Naval Dome CEO Itai Sela comments on COSCO cyber-attack
Itai Sela “Reports that cyber hackers have successfully attacked COSCO Shipping Line’s Long Beach customer service centre, is very worrying indeed. While COSCO shut down its connections as a precautionary measure, we have to emphasise that ships are not islands, they are not self-contained units....
July 26th, 2018 | Corruption, Maritime Fraud, Safety and Security | Read More

New IMB report shows persistent piracy risk in Gulf of Guinea

New IMB report shows persistent piracy risk in Gulf of Guinea
Captain P. Mukundan London and Kuala Lumpur, 24 July 2018 – The second quarterly report from the ICC International Maritime Bureau (IMB) shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in six separate incidents. A total of 107 incidents were reported to the IMB Piracy...
July 24th, 2018 | Arrest of ships, Bribery and Corruption, Claims, Corruption, Health and Safety, Maritime Fraud, News, P and I Clubs, Piracy and Terrorism, Reports, Safety and Security | Read More

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

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

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

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

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

Singapore’s top bunker suppliers lose licences for dishonest practices

Singapore’s top bunker suppliers lose licences for dishonest practices
  The leading source for maritime industry news & analysis SUBSCRIBE >>>   31 August 2017 DAILY NEWSWIRE   Singapore’s top bunker suppliers lose licences for dishonest practices Singapore-based bunker suppliers, Universal...
August 31st, 2017 | Bunkering, Maritime Fraud | 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

Be cautious with the BDI and Geopolitics

Be cautious with the BDI and Geopolitics
John Faraclas The BDI (Baltic Dry Index) “raises” hopes given its 20 plus points rise, but be cautious as things are not that promising and in any case we are far apart the December 2013 level of 2,277 points – 1,345 points down! Geopolitics are not just an enigma, they are a harsh reality and...
July 18th, 2017 | Bribery and Corruption, Chartering, Dry Bulkcarriers, Energy, Environment, Immigration, Maritime Fraud, Markets, Safety and Security, Ship Finance, Shipfinance, Shipping Indices | 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

Maritime piracy report sees first Somali hijackings after five-year lull

Maritime piracy report sees first Somali hijackings after five-year lull
Captain P. Mukundan London and Kuala Lumpur, 4 May 2017 – Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to the latest ICC International Maritime Bureau (IMB) piracy report. The global report...
May 4th, 2017 | Associations, Bribery and Corruption, Corruption, Maritime Fraud, Military, News, Piracy and Terrorism, Reports, Safety and Security | Read More