• 2019 October 15 10:37

    World Maritime University delivered its Maritime Business Integrity and Corruption Awareness Seminar

    For the 4th consecutive year, the World Maritime University (WMU) delivered its seminal Maritime Business Integrity and Corruption Awareness (CORA) Seminar, WMU says in a press release.

    The idea behind the development of the Seminar came as a direct response to the maritime industry’s needs for Corporate Social Responsibility, and Sustainable Development Goal 16, which aims in its targets “to substantially reduce corruption and bribery in all their forms.”

    The one-day Seminar aims to instill appreciation of the role and impact of bribery and facilitation payments in port and ship transactions and the ways in which the industry as well as official bodies are addressing this scourge. Through real-life examples shared by industry speakers, WMU students learned about tactical and managerial tools that could be used to effect change in the industry or government offices.

    In her inaugural words, WMU President, Dr. Cleopatra Doumbia-Henry, stated: “The idea behind this Seminar is not to pinpoint certain countries or agencies, but rather to work out the mechanics of the simple process of corruption which wreaks havoc in our societies and economies. The goal is also to engage students in a thought-provoking process about how corruption can be eliminated.”

    According to the World Bank, businesses and individuals pay an estimated $1.5 trillion in bribes each year. Corruption may include facilitation payments, abuse of power, specious ship inspections, unfair sanctions, trade disruption, and extortion.

    The International Maritime Organization (IMO), the UN’s specialized agency for shipping, has just embarked on a regulatory exercise that will see through the adoption of hard and soft rules regarding the scourge of corruption.
    WMU encourages a zero tolerance policy for corruption and promotes anti-corruption awareness in the maritime industry through teaching, research, outreach and industry engagement.

    WMU has been an active participant at the IMO in discussions about maritime corruption. WMU also sits in the Cross Industry Working Group on Tackling Corruption in the Maritime Sector, initiated by the Maritime Anti-Corruption Network (MACN) and the International Chamber of Shipping (ICS) in 2017.

    Earlier this year, WMU signed an MOU with MACN providing for, inter alia, collaboration in the delivery of training and educational packages. This Seminar was co-lectured by MACN’s Executive Director, Ms Cecilia MüllerTorbrand.

    The Seminar was enriched by the anti-corruption compliance experience of D/S Norden A/S. Speaking at the event, Norden’s Senior Insurance and Claims Manager, Ms Lillian Frøhling Hansen, took the participants through Norden’s Corporate Social Responsibility engagement track record, recalling that it had been initiated in 2006. Norden’s fully-deployed anti-corruption policy means that its staff are under a duty to report any requests for facilitation payments or gifts. So far, hundreds of reports have been received. Norden’s practice is momentous for the industry. As stated by Ms Frøhling Hansen, “Norden is big enough to make a difference.”

    The Seminar also featured Dr Lisa Loloma Froholdt, Senior Researcher at the University of Southern Denmark, and editor of the Corporate Social Responsibility in the Maritime Industry, Volume 5 of the WMU Studies in Maritime Affairs. The Seminar was led by Associate Professor Aref Fakhry.

2019 November 16

16:42 Team Tankers International Ltd. announces Q3 2019 results
15:02 GasLog places NOK 900M of senior unsecured bonds due 2024
14:23 BTG and GoodFuels preparing for major investment in bio-refinery to support shipping’s low carbon fuels demands
13:41 Third L-class delivered in China
12:32 Seaspan to purchase a fleet of six containerships on long-term charter for $380 million
11:28 Mammoet inks agreement with Port of Coeymans Marine Terminal to strengthen presence along East Coast
10:18 Metal Sharks delivers pilot boat duo to BCMT

2019 November 15

18:09 Coast Guard medevacs cruise ship Aida Perla passenger just off Ponce, Puerto Rico
17:48 Sovcomflot reports its results for third quarter and nine months of 2019
17:23 Wärtsilä and PSA Marine collaborate to achieve clean energy shipping
17:15 Bollinger Shipyards contracted to build ocean transport barge
17:00 Composit supports 7th International Forum of Dredging Companies as its Sponsor
16:57 Ulstein unveils its concept of the first hydrogen powered offshore vessel
16:36 RF Government separates positions of Deputy Transport Minister and head of Rosmorrechflot
16:14 IMO holds training on impacts of anti-fouling systems and ships’ biofouling on marine environment
15:39 Norway boosts IMO's GreenVoyage-2050 GHG project
15:11 New Wärtsilä Expertise Centre provides value-adding lifecycle support
14:57 LUKOIL commissions phase three facilities at Filanovsky field
14:30 NSR cargo traffic totaled 26 million tonnes year-to-date, up 63.5% YoY
14:13 Georgia Ports Authority up 3.5 percent to 428,400 TEU in October 2019
13:13 Diana Shipping announces direct continuation of time charter contract for m/v Medusa with Cargill
12:51 Multipurpose Reloading Complex reports 4-fold increase of allocations for environment protection to RUB 11.5 million
12:32 ABI Research: Commercial fleets looking to tech to accelerate ROI in the face of rising costs, competition, and uncertainty
12:13 Port of Oakland names Danny Wan Executive Director
11:28 ESL Shipping participates in Intelligence Hunt
11:00 CMA CGM to apply GRI from Canada West Coast to worldwide destinations (Excluding EU, Russia & USA)
10:41 Delft Dynamics, Next Ocean and Damen perform qualification test in North Sea
10:40 Gremyashii corvette of RF Navy’s Nothern Fleet to be tested in White Sea
10:16 Training ship Perekop of RF Navy's Baltic Fleet arrives in Republic of Myanmar
09:54 Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
09:39 MABUX: Bunker market this morning, Nov 15
09:32 Brent Crude futures price is up 0.45% to $62.56, Light Sweet Crude – up 0.51% to $57.06
09:13 Baltic Dry Index is up to 1,364 points

2019 November 14

18:19 French Prime Minister Edouard Philippe inaugurates CEVA Logistics’ new headquarters in Marseille
18:00 Boosting handling of cargo bound for Arctic considered as strategic development vector of Murmansk Commercial Seaport
17:41 Port of Liepaja (Latvia) handled 5.92 million tonnes of cargo in 10M'2019, down 5.1% Y-o-Y
17:20 Gasunie, EBN, Port of Amsterdam and Tata Steel work together on the development of a CCUS project in the North Sea Canal area
16:49 Hung Hua Construction of Taiwan orders third Fast Crew Supplier this year to support offshore wind ambitions
16:36 Main engines loaded onto second serial ship of PV22 project at Nevsky Shipyard
16:15 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
15:59 Yevgeny Savkin appointed as General Director of Novyie Kommunalnyie Tehnologii in Ust-Luga port
15:15 The ICS and ECSA call for immediate and effective intervention after yet another attack in the Gulf of Guinea
15:12 Restoration of 90 year old Amsterdam bridge by Niron Staal
14:43 Expert forecasts scrubbers to consume some 600,000 barrels of heavy fuel per day in 2020
14:14 Norway boosts IMO's GreenVoyage-2050 GHG project
13:32 Sea Port of Saint-Petersburg invested RUB 630 million in development in 9M’19, up 53% YoY
13:11 MOL earns AIP for design of bow wind-shield, ultra-large containership
12:30 Bunker prices are flat at the Far East ports of Russia (graph)
12:04 CMA CGM announces FAK rates from Asia to the Middle East Gulf
11:23 Aleksey Rykovanov appointed as General Director of Murmansk Commercial Seaport
11:01 Arista Shipping starts the path to smart shipping operations with an ocean data agreement with ABS
10:39 RF Government supports expansion of Murmansk Transport Hub capacity to 65 million tonnes by 2035
10:16 MABUX: Bunker market this morning, Nov 14
10:02 WesCom Signal and Rescue goes green at METSTRADE 2019
09:38 Three new Damen FCS Patrol vessels for SR Platforms achieve major milestones in a single week
09:33 Brent Crude futures price is up 0.58% to $62.73, Light Sweet Crude – up 0.72% to $57.53
09:19 Baltic Dry Index is up to 1,365 points

2019 November 13

18:07 LR and Seabury Maritime partner to tackle OPEX and CAPEX challenges
17:55 Gasum acquires AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG
17:36 Rolls-Royce and luxury yacht manufacturer Sunseeker sign frame agreement for MTU engines