Archive for the ‘Maritime Fraud’ Category

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

Brillante Virtuoso – an extraordinary attempt at maritime insurance fraud

Brillante Virtuoso – an extraordinary attempt at maritime insurance fraud
Brillante Virtuoso – an extraordinary attempt at maritime insurance fraud The High Court has today handed down its highly-anticipated judgment in the case of the Brillante Virtuoso – an extraordinary attempt at maritime insurance fraud. The alleged attack on the Brillante Virtuoso – some...
October 7th, 2019 | Legal, Marine Insurance, Maritime Fraud | 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

New guidance is now available to assist welfare organisations dealing with incidents of seafarers being abandoned and vessels being arrested or detained.

New guidance is now available to assist welfare organisations dealing with incidents of seafarers being abandoned and vessels being arrested or detained.
New guidance is now available to assist welfare organisations dealing with incidents of seafarers being abandoned and vessels being arrested or detained.  The booklet, entitled Arrested and Detained Vessels, and Abandoned Seafarers, has been produced by the International Seafarers’ Welfare and Assistance...
April 5th, 2019 | Associations, Charity, Health and Safety, HR, Maritime Fraud, Safety and Security | Read More

Addressing fraudulent registration

Addressing fraudulent registration
… Addressing fraudulent registration IMO’s Legal committee will discuss a number of proposed measures to prevent fraudulent registration of ships and other deceptive shipping practices, during its 106th session (27-29 March). This follows reports of fraudulent use of their flag by a number of...
March 27th, 2019 | Flags, Maritime Fraud, Organisations | 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

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

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