International Chamber Of Commerce News

As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline.No one reached them in time. The pirates clambered aboard the Abdullah, firing warning shots and taking the captain and second officer hostage, Chief Officer Atiq Ullah Khan said in an audio message to the ship's owners."By the grace of Allah no one has been harmed so far," Khan said in the message, recorded before the pirates took the crew's phones.

Japanese oil and gas company INPEX has filed a $970 million claim against South Korean shipbuilder Daewoo Shipbuilding Marine & Engineering, seeking compensation for alleged delays and construction issues related to a 2012 FPSO order.DSME said in a stock exchange INPEX had filed a request for arbitration at the International Chamber of Commerce.In a stock exchange announcement last Friday, DSME said the case was related to an FPSO order made by INPEX in 2012, and that the FPSO was completed and departed from Okpo Shipyard in 2017…

Following the incident in the Gulf of Guinea on 24 November involving the Danish frigate Esben Snare and a suspected pirate vessel, BIMCO calls on all naval forces in the area to further increase the pressure on piracy groups and hopes a continued naval presence will act as a deterrent.According to the Danish Armed Forces, Danish frigate Esben Snare has been involved in an incident involving suspected pirates on 24 November in the waters south of Nigeria. The Danish navy further announced that the frigate was close enough to send a team to the suspected pirates with the aim to board…

Despite overall piracy incidents declining in 2019, there was an alarming increase in crew kidnappings across the Gulf of Guinea.Number of crew kidnappings jumped from 78 in 2018 to 121 last year, according to the International Chamber of Commerce’s International Maritime Bureau’s (IMB) annual piracy report.This equates to over 90% of global kidnappings reported at sea with 64 crew members kidnapped across six separate incidents in the last quarter of 2019 alone. The region accounted for 64 incidents including all four vessel hijackings that occurred in 2019, as well as 10 out of 11 vessels that reported coming under fire.“We remain concerned that this region has recorded an unprecedented rise in crew kidnaps.

Pirates have abducted seven crew members from an anchor handling tug supply (AHTS) vessel offshore Equatorial Guinea, the vessel's owner Swire Pacific Offshore (SPO) said.The Singaporean-flagged Pacific Warden was attacked on November 20, 2019 at approximately 5 a.m. local time, while supporting offshore field operations in Equatorial Guinea, SPO confirmed on Sunday.Seven of the 15 crew members on board have been taken by the attackers and are presently missing, while the other eight are safely ashore and unharmed, according to SPO.Maritime intelligence group Dryad said local reports indicate that the 68.9-meter Pacific Warden was attacked by two speed boats while traveling from Luba, Boiko island to Serpentina/Zafiro field complex.

The Gulf of Guinea remains a high risk area  for piracy and armed robbery, according to the International Chamber of Commerce International Maritime Bureau’s (IMB) report for the third quarter of 2019. The region accounts for 86% of crew taken hostage and nearly 82% of crew kidnappings globally, it said.In July a general cargo vessel was hijacked approximately 120nm SW from Brass. Ten crew members were kidnapped from the vessel and released four weeks later. In August a bulk carrier and a general cargo vessel were boarded within hours of each other at Douala anchorage, Cameroon and a total of seventeen crew were kidnapped from the vessels.Within six weeks all kidnapped crew were released.

The International Chamber of Commerce International Maritime Bureau’s (IMB) published its report for the first three months of 2019, reporting less incidents of piracy and armed robbery against ships than the first quarter of 2018.During the first quarter of 2019, IMB reported 38 incidents of piracy and armed robbery at sea, which are 28 less incidents than the first quarter of 2018, which stood at 66.IMB’s Piracy Reporting Centre detailed that 27 vessels were boarded, seven vessels were fired upon and four attempted attacks occurred in the first quarter of 2019. No vessels were reported as hijacked for the first time since the first quarter of 1994.“These latest statistics from the IMB Piracy Reporting Centre are encouraging.

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, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018, accounting for all six hijackings worldwide, 13 of the 18 ships fired upon, 130 of the 141 hostages taken globally, and 78 of 83 seafarers kidnapped for ransom.The region saw a significant new spike in violence in the last quarter of 2018.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has called on the International Maritime Bureau (IMB) to ensure fairness and balance in its reportage of piracy issues on Nigeria’s territorial waters.Dakuku regretted what he called the exaggeration of reports on incidences on the country’s waterways by the IMB, a specialised department of the International Chamber of Commerce (ICC) dedicated to fighting maritime crime and malpractice.The DG noted that the Agency had put mechanisms in place to reduce piracy to the barest minimum. These, he said, include investing in the satellite surveillance system…

Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.But the OPEC member nation is still fulfilling less than 60 percent of its obligations under supply deals with customers.Venezuela has been pumping oil this year at the lowest rate in three decades after years of underinvestment and a mass exodus of workers. The state…

Venezuela's PDVSA will let the 335,000 barrel-per-day refinery it leases in Curacao halt operations once crude inventories are exhausted as no new shipments are planned to the Caribbean following ConocoPhillips's legal actions, according to two sources.PDVSA is also changing its trade arrangements to start delivering all its oil for exports in Venezuelan waters, including the ship-to-ship transfers that have to be made for sending cargoes to Asian destinations.Conoco last week started several legal actions to satisfy a $2 billion arbitration award issued by the International Chamber of Commerc

U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius that accounted for about a quarter of Venezuela's oil exports last year. The three play key roles in processing, storing and blending PDVSA's oil for export. The company received court attachments freezing assets at least two of the facilities, and could move to sell them, one of the sources said. Conoco's legal maneuvers could further impair PDVSA's declining oil revenue and the country's convulsing economy.

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 Reporting Center recorded 66 incidents in the first quarter of 2018, up from 43 for the same period in 2017, and 37 in Q1 2016. Worldwide in the first three months of 2018, 100 crew were taken hostage and 14 kidnapped from their vessels. A total of 39 vessels were boarded, 11 fired upon and four vessels hijacked. IMB received a further 12 reports of attempted attacks. The Gulf of Guinea accounts for 29 incidents in 2018 Q1, more than 40 percent of the global total. Of the 114 seafarers captured worldwide, all but one were in this region.

Global maritime piracy activity fell to its lowest level in over two decades, according to the latest International Maritime Bureau (IMB) report. The 180 incidents of piracy and armed robbery against ships reported to the International Chamber of Commerce’s (ICC) IMB in 2017 was the lowest annual number since 1995, when 188 incidents were reported. According to the IMB, pirates boarded 136 vessels in 2017, while 22 attacks were attempted, 16 vessels fired upon and six vessels hijacked.

APL has been awarded the silver rating for its 2017 Corporate Social Responsibility performance by EcoVadis, a trusted name that provides supplier sustainability ratings for global supply chains. As the rating places APL among the top 30 percent of companies evaluated, it acknowledges APL’s continual sustainability achievements since earning a bronze rating for the same assessment in 2015. Nicolas Sartini, APL Chief Executive Officer said, “Our improved rating demonstrates APL’s commitment to steer forward in our sustainability journey to ensure sound environmental, social and ethical business practices in all our business activities.

Global piracy continues to be a concern in the Gulf of Guinea, Southeast Asia and Venezuela, according to statistics released yesterday by the International Chamber of Commerce’s International Maritime Bureau (IMB). In the first nine months of 2017, 121 incidents of piracy and armed robbery against ships were reported, including 92 vessels boarded with five hijackings, 11 attempted attacks and 13 vessels fired upon. While this is a decrease compared to statistics from the same period in 2016…

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 piracy. The flagship global report notes that, while piracy rates were down compared to the same period in 2016, there is continuing concern over attacks in the Gulf of Guinea and in South East Asia. The increase in attacks off the coast of Venezuela and other security incidents against vessels off Libya - including an attempted boarding in the last quarter - highlights the need for vigilance in other areas.

The head of the Panama Canal Authority said on Monday a Miami-based arbitration board rejected a demand by Spanish-led GUPC consortium for $192.8 million to cover cost overruns during the building of a third set of locks for the century-old waterway. GUPC or Grupo Unidos por el Canal includes Sacyr SA of Spain, Impregilo of Italy, Jan De Nul of Belgium and Constructura Urbana of Panama. The authority's chief executive, Jorge Quijano, announced the ruling in a post on his Facebook page. "We have been informed that we have won a major arbitration dealing with the expansion of the canal by the GUPC contractor for $192.8 million," Quijano wrote in a post.

Mediterranean Shipping Company (MSC) has signed an official declaration, designed to prevent the maritime transportation of counterfeit goods. The declaration is the work of the International Chamber of Commerce, which launched the Business Action to Stop Counterfeiting and Piracy (BASCAP) in 2004. BASCAP’s mission is to encourage government action and to enhance the campaigning voice of businesses and industries who see the social and economic harm caused by counterfeiting on a global level. MSC is pleased to become a signatory of the formal declaration, and to make public its ‘zero tolerance’ attitude toward the carriage of counterfeit products.

Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the maritime transport of counterfeit goods. Leaders from global shipping firms, freight forwarders, brand owners – whose products are counterfeited – and industry organizations, representing both industries signed a joint "Declaration of Intent to Prevent the Maritime Transport of Counterfeit Goods" today in Brussels. It marks the first time the global shipping industry and brand owners have made a public commitment to work together to stop the transport of counterfeit goods on shipping vessels.

The International Chamber of Commerce (ICC) has announced it has entered into a cooperation agreement with Dispute Resolution Data (DRD) – a research service for international commercial arbitration and mediation. Under the terms of the agreement, the ICC International Court of Arbitration will provide data that will ultimately contribute to a greater understanding of dispute resolution use and practice worldwide. Andrea Carlevaris, Secretary General of the ICC Court said: " Facilitating the access to data and information about arbitration proceedings is among the current priorities of the ICC Court. I am therefore delighted that the Court is joining DRD.

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 global piracy report shows 98 incidents in the first half of 2016, compared with 134 for the same period in 2015. When piracy was at its highest, in 2010 and 2003, IMB recorded 445 attacks a year. In the first half of 2016, IMB recorded 72 vessels boarded, five hijackings, and a further 12 attempted attacks. Nine ships were fired upon. Sixty-four crew were taken hostage onboard, down from 250 in the same period last year. “This drop in world piracy is encouraging news.

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 global piracy report shows 98 incidents in the first half of 2016, compared with 134 for the same period in 2015. When piracy was at its highest, in 2010 and 2003, IMB recorded 445 attacks a year. In the first half of 2016, IMB recorded 72 vessels boarded, five hijackings, and a further 12 attempted attacks. Nine ships were fired upon. Sixty-four crew were taken hostage onboard, down from 250 in the same period last year. “This drop in world piracy is encouraging news.