Bad Faith round-up…

Michael Thompson, Ann Waite and Joseph Grasso. Bad Faith round-up: law firm Wiggin and Dana offers advice to insurers seeking to avoid bad news from US courts By James Brewer London underwriters have been warned that coverage dispute lawsuits in the United States could bring heavy financial consequences...

April 7th, 2015 | Associations, Bribery and Corruption, Claims, Corruption, Disputes, Insight, Insurance and Reinsurance, IUA, Legal, Marine Insurance, Maritime Fraud, News, Seizures | Read More

On Sanctions…

Nadia A. Zormpa Marine Insurance threatened by Sanctions? Nandia A. Zormpa* writes: Sanctions. A phenomenon that until recently seemed to have only political aspects. The great impact of sanctions is not only illustrated on financial results for the sanctioned countries but it expands in shipping industry ...

April 7th, 2015 | Associations, Claims, Comment, Corruption, Disputes, Finance, Legal, Maritime Fraud, P and I Clubs, People and Places, Safety and Security, Sanctions, Seizures, Shipfinance | Read More

The Big Drop…

Jeffrey Hartman, Temi Binitie and Debbie Turner The Big Drop: oil price collapse fuels upheaval in African and global energy and shipping, Afrimari meeting hears By James Brewer Some of the hottest projects in the oil and gas market have cooled in response to the dramatic fall in crude oil prices –...

April 3rd, 2015 | Associations, Company Profiles, Conferences, Seminars, Forums, Consumers Market, Corruption, Energy, Gas, HR, LNG, Maritime Fraud, Markets, News, Oil Industry, Oil Platforms and Rigs, Person Profiles, Piracy and Terrorism, Politics and Government, Ports & Terminals, Press and Media, Sanctions, Seizures | Read More

Maritime law enforcement students graduate

02/04/2015 All 24 students from 14 signatory countries to the Djibouti Code of Conduct have completed the Maritime Law Enforcement course held at the Border Guards Maritime Institute in Jeddah, which was conducted under the auspices of the Djibouti Code of Conduct (DCoC) and the Djibouti Regional Training...

April 2nd, 2015 | Academia, Associations, Communication, Education and Training, HR, Immigration, IMO, Maritime Education and Training, Maritime Fraud, Military, Organisations, Politics and Government, Safety and Security | Read More

Boosting regional maritime security coordination in west and central Africa

The IMO’s HQ’s in London 26/03/2015 A regional workshop organized by IMO, in cooperation with the Government of Angola, is being held in Luanda, Angola (24-27 March), to discuss the implementation of the Code of Conduct concerning the repression of piracy, armed robbery against ships and...

March 26th, 2015 | Breaking News, Bribery and Corruption, Conferences, Seminars, Forums, ILO, IMO, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Regulatory, Safety and Security, Sanctions, Seizures, Short Sea Shipping, Story of the Day, Trade and Commerce, UN | Read More

Hellenic Coast Guard seizes the “Zahra” on cigarette contraband case

The “Zahra” seized in Crete In the early hours of this morning the Hellenic Coast Guard / Harbour Corps of Greece in Crete, following an air, sea and land combined operation directed by the regional Hellenic Coast Guard Center in Herakleion, in a very remote rocky place at the Gulf of Messaras,...

March 16th, 2015 | Arrest of ships, Breaking News, Corruption, Events, Flags, HR, Legal, Maritime Fraud, Maritime Fraud, Military, Piracy and Terrorism, Politics and Government, Press and Media, Safety and Security, Seizures | Read More

GREFORM: “Our vision for GREECE”

The up and coming young Greeks filled the audience Rarely on a Saturday does an event attract the interest of so many as this one did earlier today at the Old Theatre, Old Building, of the London School of Economics and Political Science (LSE). This is the 3rd event of its kind allowing participants...

March 14th, 2015 | Academia, Associations, Banking, Bribery and Corruption, Communication, Conferences, Seminars, Forums, Consulting, Corporate Social Responsibility, Corruption, European Union, Events, Finance, HR, Legal, Maritime Fraud, Maritime Fraud, Markets, Organisations, Person Profiles, Politics and Government, Ports & Terminals, Press and Media, Shipfinance, Tourism, Trade and Commerce | Read More

ITIC warns on fraudulent diversion of funds

International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wider...

March 13th, 2015 | Associations, Bribery and Corruption, Corruption, Maritime Fraud | Read More

ISIS export gateway to global crude oil markets

Dr. George Kiourktsoglou ISIS EXPORT GATEWAY TO GLOBAL CRUDE OIL MARKETS George KIOURKTSOGLOU*, Visiting Lecturer, University of Greenwich, London – Dr Alec D COUTROUBIS, Principal Lecturer, University of Greenwich, London Abstract The Islamic State of Iraq and Syria (ISIS) began to take...

March 12th, 2015 | Associations, Bribery and Corruption, Civil Unrest, Corruption, Defense, Disputes, Energy, European Union, Gas, Health and Safety, Insight, Insurance and Reinsurance, Intertanko, LNG, LPG, Marine Insurance, Maritime Accidents, Maritime Fraud, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Organisations, Politics and Government, Ports & Terminals, Reports, Safety and Security, Sanctions, Seizures, Stock Markets, Tankers, Trade and Commerce, UN | Read More

Closing remarks to the high level meeting on migration by IMO Secretary-General Koji Sekimizu

IMO’s Secretary-General Koji Sekimizu High-level Meeting to Address Unsafe Mixed Migration by Sea IMO Headquarters, London, 4 and 5 March 2015 Closing remarks by Koji Sekimizu Secretary-General, International Maritime Organization Ladies and gentlemen, We are coming to the end of this session,...

March 6th, 2015 | Associations, Bribery and Corruption, Conferences, Seminars, Forums, Corruption, Events, Headlines, Health and Safety, IMO, Marine Insurance, Maritime Fraud, News, Organisations, Safety and Security | Read More

It’s good to see the BDI …sized up at 524 !

John Faraclas; making his points more than clear… Now what do you make of this unexpected rise of the BDI even at plus 8 points? Has it anything to do with yesterday’s FTSE record at 6, 949.63? That was great, a great record given that the last one was in the previous millennium on 30 December...

February 25th, 2015 | Associations, Banking, Bribery and Corruption, Consumers Market, Corruption, Defense, Energy, Environment, HR, Maritime Fraud, Markets, Military, Politics and Government, Safety and Security, Shipfinance, Shipping Indices, Statistics, Stock Markets | Read More

With the BDI at 540, investing in shipping now, does make sense!

John Faraclas It probably sounds a bit odd but the truth of the matter is that investing in shipping now that the BDI is on a free fall (it was all along over the last 14 months) does make sense. Today’s minus 13 points it might be the lucky number – Agatha Christie knew best! John Faraclas writes: With...

February 12th, 2015 | Academia, Associations, At the end of the day..., Aviation, Banking, Breaking News, Bribery and Corruption, Comment, Corruption, Finance, HR, Maritime Fraud, Military, Shipfinance, Shipping Indices | Read More

U-Freight gains trusted trader status in Taiwan

U-Freight Taiwan, the U-Freight Group’s (UFL) Taiwanese partner, has been certified by the Taiwan Customs Authority as an Authorised Economic Operator (AEO). U-Freight Taiwan’s accreditation follows that of U-Freight Holland in 2012, U-Freight’s Spanish (Tracosa) and German (Alpha trans Luft- und...

February 10th, 2015 | Associations, Bribery and Corruption, Corruption, Disputes, Maritime Fraud, Organisations, Piracy and Terrorism, Ports & Terminals, Safety and Security, Trade and Commerce | Read More

IUA and LMA prepare for new insurance legal framework

Chris Jones Plans are being made by the International Underwriting Association and Lloyd’s Market Association to prepare their members for fundamental changes being made to insurance contract law in the UK. The Insurance Bill has been passed unanimously in the House of Commons and is expected to become...

February 6th, 2015 | Associations, Bribery and Corruption, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud | Read More

British Marine Federation enlists security experts Datatag…

l to r Howard Pridding, Chief Executive, British Marine Federation and Kevin Howells, Managing Director of Datatag, announcing their partnership at the CWM FX London Boat Show British Marine Federation enlists security experts Datatag to help tackle growing issue of marine theft The British Marine Federation...

January 16th, 2015 | Associations, Health and Safety, HR, IT and Communications, Marinas, Marine Insurance, Maritime Fraud, Ports & Terminals, Safety and Security, Sailing, Sports, Yachting | Read More

“BRILLANTE VIRTUOSO”: Judgment [HD-UKLIVE.FID2551190]

Rhys Clift The “BRILLANTE VIRTUOSO” SUEZ FORTUNE INVESTMENTS LTD and PIRAEUS BANK SA v TALBOT UNDERWRITING LTD and others On 5th-6th July 2011, the vessel Brillante Virtuoso was taken by pirates off the coast of Aden, Yemen. The pirates ordered the vessel to proceed to Somalia, but after...

January 15th, 2015 | Banking, Bribery and Corruption, Claims, Corruption, Disputes, Energy, Health and Safety, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, Piracy and Terrorism, Safety and Security, Salvage, Towage, Wreck Removals, Seizures, Ship Finance, Shipfinance | Read More

2014 Annual IMB Piracy Report

SE Asia tanker hijacks rose in 2014 despite global drop in sea piracy, IMB report reveals London and Kuala Lumpur, 14 January 2015 – Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling...

January 14th, 2015 | Bribery and Corruption, Corruption, Health and Safety, Maritime Fraud, Piracy and Terrorism, Safety and Security, Shipmanagement | Read More

ICS repsonds to migrant crisis with guidelines for large scale rescue operations at sea

ICS Guidance on Large Scale Rescue Operations at Sea cover In response to the continuing crisis in the Mediterranean, necessitating commercial ships to rescue tens of thousands of migrants and refugees during 2014, the International Chamber of Shipping (ICS) has published new Guidance on Large Scale...

December 9th, 2014 | Associations, Corruption, Health and Safety, Marine Insurance, Maritime Accidents, Maritime Fraud, Safety and Security, Salvage, Towage, Wreck Removals | Read More

London P&I Club helps owners counter the cappuccino effect

The London P&I Club has advised its members on precautions to adopt to detect the presence of cappuccino bunkers. In the latest issue of its StopLoss Bulletin, the club explains that the cappuccino effect is essentially the frothing or bubbling effect caused by compressed air blown through the...

December 4th, 2014 | Associations, Bunkering, Claims, Corruption, Disputes, Maritime Fraud | Read More

IMB notes concern over small tanker attacks in SE Asia

Pottengal Mukundan. London, 29 October 2014 – While pirate attacks on the world’s seas have fallen for the third consecutive year, small tanker hijacks by armed gangs are escalating in Southeast Asia, reveals the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) in its...

October 29th, 2014 | Associations, Bribery and Corruption, Corruption, HR, Maritime Fraud, Military, News, Piracy and Terrorism, Reports, Safety and Security, Sanctions, Seizures | Read More

IMO is being warned of ‘scary’ potential of maritime cyber-attacks…

Nicholas Gooding IMO is being warned of ‘scary’ potential of maritime cyber-attacks, says marine insurance expert, By James Brewer Cyber-security is set to come under the microscope at the International Maritime Organization in 2015, marine insurers have been told. A little-publicised document...

October 25th, 2014 | Associations, IT and Communications, Legal, Marine Equipment, Maritime Fraud, Maritime Fraud, News, Regulatory, Safety and Security, Technical, Technology | Read More

Ethical Business: Luxury or Necessity? Companies and the anti-Money Laundering drive

Andy Gibson Ethical Business: Luxury or Necessity? Companies and the anti-Money Laundering drive The second article in this series of three focusing on the need for a more overtly ethical approach to international business examines the issues surrounding Anti- Money Laundering and Anti-Bribery and Corruption...

October 22nd, 2014 | Associations, Bribery and Corruption, Corruption, Legal, Maritime Fraud, Piracy and Terrorism, Safety and Security, Sanctions, Seizures | Read More

IUMI warns on sanctions as the blacklist grows

IUMI delegates in session in Hong Kong IUMI warns on sanctions as the blacklist grows, By James Brewer in Hong Kong The International Union of Marine Insurance is calling on insurers and reinsurers to ensure they apply a clear policy with regard to political and economic sanctions that are in force. Measures...

September 22nd, 2014 | Associations, Claims, Corporate Social Responsibility, Corruption, HR, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, News, P and I Clubs, Safety and Security, Sanctions, Shipmanagement | Read More

Chinese port scandal set to impact global insurance market..

Maritime trade is blooming in Hong Kong Chinese port scandal set to impact global insurance market, IUMI cargo chief warns, By James Brewer in Hong Kong Global cargo insurance markets could face substantial claims arising from a variety of recent events including a scandal afflicting China’s...

September 21st, 2014 | Associations, Conferences, Seminars, Forums, Corruption, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud, Maritime Fraud, Markets, Piracy and Terrorism, Ports & Terminals, Trade and Commerce | Read More

Human Trafficking – Your Business

HRAS is delighted to be able to announce its partnership with the international NGO Finance Against Trafficking and the immediate availability of a new cost-effective on-line CSR tool for use by all commercial entities within the maritime industry known as ‘ChainChecker’. Exploitation...

September 4th, 2014 | Associations, Charity, Corporate Social Responsibility, Corruption, Health and Safety, HR, Maritime Fraud, Safety and Security | Read More

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