Treasury FXR struggles with realities of manipulation, DLT and the US payments system Commentary: Currency manipulation realities By Mark Sobel in Washington Under the Bush and Obama administrations, foreign exchange…
Bribery and Corruption
Market’s mild surge amid total uncertainty in geopolitics and Coronavirus, manna from heavens…
Market’s mild surge amid total uncertainty in geopolitics and Coronavirus, manna from heavens… The BDI (Baltic Dry Index) gained 39 points since yesterday and now reads 1,161. Wets as always…
Situation of Piracy and Sea Robbery in Asia for November 2020
Situation of Piracy and Sea Robbery in Asia for November 2020 Summary of Situation of Piracy and Sea Robbery in Asia in November 2020 ReCAAP Information Sharing Centre today issued…
Panama joins the Maritime anti-corruption network PANAMA, NOVEMBER 30, 2020—-The Panama Ship Registry has joined the Maritime Anti-Corruption Network (MACN) becoming part of the world’s largest group of maritime companies…
Markets fall, Geopolitics and the Coronavirus anathema rule the day
Markets fall, Geopolitics and the Coronavirus anathema rule the day The BDI (Baltic Dry Index) stood at 1,415 – up 14 points since yesterday, but on a weekly basis lost…
Another shock for the BDI; Geopolitics coupled with Coronavirus will produce a lethal cocktail
Another shock for the BDI; Geopolitics coupled with Coronavirus will produce a lethal cocktail The BDI (Baltic Dry Index) begun the week with a considerable fall; a loss of 68…
Pirates are kidnapping more seafarers off West Africa, IMB reports
Pirates are kidnapping more seafarers off West Africa, IMB reports London and Kuala Lumpur – 14 October 2020 ICC International Maritime Bureau (IMB) figures show a rise in piracy…
Markets, Geopolitics and Coronavirus: A week to remember
Markets, Geopolitics and Coronavirus: A week to remember The BDI (Baltic Dry Index) lost 71 points since yesterday and now stands at 1,317 points; it also lost 393 points since…
Piracy and armed robbery a threat to ships’ crews, warns IMB
Piracy and armed robbery a threat to ships’ crews, warns IMB London and Kuala Lumpur – 14/4/2020 Seafarers face continuing threats from pirates and armed robbers on the world’s seas,…
IUA launches new commercial crime underwriting group
IUA launches new commercial crime underwriting group A new London Market underwriting group has been established by the International Underwriting Association for companies writing commercial crime business. It met for…
IMCA upgrades its anti bribery and corruption training
IMCA upgrades its anti bribery and corruption training IMCA uses next generation of online training technology The International Marine Contractor’s Association’s (IMCA) has recently completed an upgrade to its Anti Bribery and Corruption…
2019 Q3 IMB Piracy Report
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…
Surprise surprise the BDI is on the up…
Surprise surprise the BDI is on the up The BDI (Baltic Dry Index) ended up eight point higher since yesterday and now stands at 1,720 points. Geopolitics as usual enigmatically…
IMB piracy report 2018: attacks multiply in the Gulf of Guinea
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…
Markets in despair but hope and success is there only for the adventurous risk-takers…
The BDI (Baltic Dry Index) fall was very much contained, thanks once again to the volatile Capes. The New Year as we believe might begin when the Far East and…
IMCA launches code of conduct for members
New Code of Conduct Fully in line with 2018 ethics programme The International Marine Contractors Association (IMCA) has developed a new Code of Conduct for its Members. This represents the final stage…
Liberia becomes first flag state to join the Maritime Anti-Corruption Network
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member. Alfonso Castillero, CCO of the Liberian Registry, says, “We are…
IMCA launches Ethics and Compliance Programme
Doing Business Without Bribery – a free online ABC training program for its Members IMCA is developing an ethics programme to support its membership comprising three phases: A Code of Practice for the Secretariat which…
Record‐low hijackings yet danger persists in Gulf of Guinea, shows latest global piracy report
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…
Piracy and Sea Robbery Situation in Asia for January to September 2018
Piracy and Sea Robbery Situation in Asia for January to September 2018 Summary A total of 64 incidents of piracy and armed robbery against ships (comprising 50 actual incidents and 14…
Falling BDI@1,503 a concern?
The BDI (Baltic Dry Index) lost 27 points since yesterday and if same goes below the 1,500 point-threshold it will be an issue. Geopolitics equalise the theatre of the absurd!…
IMCA announces impending launch of code of conduct for members and “doing business without bribery” e-Learning module
Highly successful IMCA Contracts & Insurance Seminar attracts contractors, oil companies, legal and insurance firms Code of Conduct for IMCA members to be launched Q4 2018 IMCA-endorsed ‘Doing Business Without…
World’s largest anti-corruption conference to take place in Copenhagen, Denmark, 22-24 October
Berlin, 26 September 2018 – The 18th International Anti-Corruption Conference will take place from 22-24 October in Copenhagen, Denmark under the theme Together for Development, Peace and Security: Now is the Time to Act. The…
Palau flies the flag for maritime anti-corruption standards
The fight against bribery and corruption in the shipping world is being led by Palau International Ship Registry (PISR) which is currently one of the only maritime organisations to have implemented and…
Naval Dome calls on Insurers to revoke Clause CL 380
Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape…