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:

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

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

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

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

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

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?

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

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

16th of March: Cyber Security – General awareness training

ΝΕW! Cyber Security – General awareness training DNV GL acknowledges that the maritime sector is in need of adequate cyber security to safeguard organizations, assets and information. To that end, Maritime Academy Hellas is offering on 16 March 2017, a 1-day general awareness Cyber Security...

February 13th, 2017 | Classification Societies, Corruption, Defense, Events, Conferences,Forums and Symposiums, Marine Insurance, Maritime Fraud, Piracy and Terrorism, Safety and Security | Read More

Cyber Security Risk to Shipping Industry highlighted in Steamship Mutual’s latest Loss Prevention DVD

As part of Steamship Mutual’s loss prevention initiatives, the Club has released their latest DVD ‘Cyber Security: Smart, Safe Shipping’ highlighting the implications of a potential cyber security breach for a shipping company. All businesses rely heavily upon computer systems to sustain their...

January 20th, 2017 | Corruption, IT and Communications, Maritime Fraud, P and I Clubs | Read More

North P&I Club supports new international ‘Be Cyber Aware at Sea’ campaign

North P&I Club is continuing its drive to highlight the range of cyber threats facing shipowners through active support of the new international ‘Be Cyber Aware At Sea’ campaign. The campaign is a global maritime and offshore industry initiative to raise awareness of the increasing maritime...

November 4th, 2016 | Bribery and Corruption, Corruption, IT and Communications, Maritime Fraud, P and I Clubs | Read More

Threat to seafarers remains despite piracy clampdown, IMB reports

Captain P. Mukundan London and Kuala Lumpur, 31 October 2016 – Kidnapping and hostage-taking persists off the coasts of West Africa and South East Asia, despite a 20-year low in piracy on the world’s seas, according to new figures from the International Chamber of Commerce (ICC) International Maritime...

October 31st, 2016 | Bribery and Corruption, Corruption, Maritime Fraud, Piracy and Terrorism, Reports, Safety and Security, Seizures | Read More

Hill Dickinson LLP and The UK Chamber of Shipping hold Crime at Sea Seminar

Maria Pittordis The UK Chamber of Shipping in partnership with international law firm Hill Dickinson held a half-day Crime at Sea Seminar at Hill Dickinson LLP’s office at Broadgate Tower, London on the afternoon of 19th October. This event discussed, amongst other things, how shipowners should...

October 24th, 2016 | Bribery and Corruption, Corruption, Events, Conferences,Forums and Symposiums, Maritime Fraud, Piracy and Terrorism, Safety and Security | Read More

New Marsh report: Switching From Paper to Electronic Bills of Lading

Gordon Street London, 14 October, 2016 — Attached is Marsh’s latest report, “Switching From Paper to Electronic Bills of Lading”, which looks at bills of lading (BOL) fraud in the maritime and marine industries. The report covers: · How, as paper-based BOLs are replaced by...

October 14th, 2016 | Chartering, Claims, Corruption, Fixtures, IT and Communications, Maritime Fraud, Markets, P and I Clubs, Reports, Trade and Commerce | Read More

HFW Briefing – ATLANTIK CONFIDENCE: Cargo Insurers “break limits” in unprecedented judgment

ATLANTIK CONFIDENCE: Cargo Insurers “break limits” in unprecedented judgment Following the fire and sinking of the bulk carrier ATLANTIK CONFIDENCE off the coast of Oman in April 2013, the owners...

October 11th, 2016 | Claims, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, P and I Clubs | Read More

ABS Awarded Maritime Cybersecurity Research Contract

Howard Fireman ABS directs Joint Industry Development Project to determine the direction of cybersecurity in the maritime industry. (Houston) ABS, a leading provider of classification and technical services to the global marine and offshore industries, has been awarded a research contract by the Maritime...

October 7th, 2016 | Awards, Classification Societies, IT and Communications, Marine Equipment Products and Services, Maritime Fraud, Safety and Security, Technical, Technology | Read More

IBIA welcomes Danish authorities’ clampdown on bunker fraud

IBIA’S CEO Peter Hall The International Bunker Industry Association (IBIA) welcomes the fact that Danish authorities have investigated and sought to bring to justice alleged fraudulent activities perpetrated by a bunkering company in the country. On 22 September, a Danish court sentenced...

September 26th, 2016 | Associations, Bribery and Corruption, Bunkering, Legal, Maritime Fraud | Read More

British Marine and Datatag’s official COMPASS Scheme goes live

Kevin Howells, Managing Director of Datatag and Sarah Dhanda, Membership & Services Director of British Marine British Marine and Datatag’s official COMPASS Scheme goes live to tackle marine theft COMPASS (the Combined Official Marine Protection and Security System) which is powered by Datatag and...

September 19th, 2016 | Associations, Corruption, Maritime Fraud, Safety and Security | Read More

Organised-crime expert Elman Myers to be ALARYS 2016 keynote speaker

Elman Myers Hamilton, Bermuda, September 12, 2016—Elman Myers, a former US Air Force special agent who is now a managing director at Hiscox, will be the keynote speaker at this month’s 2016 ALARYS Congress conference (www.alarys.bm) in Bermuda. Based in Miami as Managing Director at Hiscox Special...

September 12th, 2016 | Associations, Bribery and Corruption, Corruption, Events, Conferences,Forums and Symposiums, Maritime Fraud, Piracy and Terrorism, Safety and Security | Read More

Still a low dry market with the BDI@718…

John Faraclas Despite going over and above the 700 threshold the BDI (Baltic Dry Index) we are still in a very low dry market; Geopolitics as said in the past, and shipfinance scandals that will surface, will drive the stakeholders mad. John Faraclas warns of dangers again: With a dozen points plus...

August 25th, 2016 | Bribery and Corruption, Earthquakes, Tsunamis, Cyclones and Typhoons, Events, Conferences,Forums and Symposiums, Exhibitions, Immigration, Maritime Fraud, Markets, Religion, Sanctions, Shipfinance | Read More

HFW Briefing: Supreme Court defines the ambit of the fraudulent claims rule

Supreme Court defines the ambit of the fraudulent claims rule The fraudulent claims rule is well established in English law. It operates to bar a policyholder’s claim in its entirety when that claim is fabricated or fraudulently exaggerated. The leading case is generally regarded...

August 5th, 2016 | Claims, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud | Read More

Update – The Longchamp

Insight / Update – 01 August 2016 Are expenses incurred during negotiation of a pirate ransom recoverable in general average? In The Longchamp [2016] EWCA Civ 708, the Court of Appeal has ruled on an issue that had not previously been considered by the English courts, namely, whether expenses...

August 1st, 2016 | Claims, Corruption, Disputes, Health and Safety, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud, Piracy and Terrorism, Safety and Security, Seizures | Read More

TT Club warns of fraud issues faced by Customs Brokers

Kate Hollis, Senior Claims Executive at TT Club in Sydney, discusses the risks faced by licenced customs brokers and mitigation steps to take: “As the international trade regulatory landscape continues to change and the commercial environment becomes increasingly...

July 29th, 2016 | Corruption, Legal, Maritime Fraud, P and I Clubs, Ports & Terminals | Read More

Sea piracy drops to 21-year low, IMB reports

Captain P. Mukundan London and Kuala Lumpur, July 2016 – Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s...

July 25th, 2016 | Associations, Corruption, Maritime Fraud, Piracy and Terrorism, Safety and Security, Seizures, Shipmanagement | Read More

Archive for the ‘Maritime Fraud’ Category