International Chamber Of Commerce News

17 Jan 2019

Global Piracy Up in 2018, Gulf of Guinea Leads

Pic:  International Maritime Bureau’s (IMB)

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…

05 Dec 2018

Unfair Reporting on Piracy, Says Nigeria

Dr. Dakuku Peterside. Director-General, Nigeria Maritime Administration and Safety Agency. Photo: NIMASA

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.

07 Aug 2018

Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea

© Igor Groshev / Adobe Stock

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…

11 May 2018

PDVSA Retrenches in Caribbean

© Darryl Brooks / Adobe Stock

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

07 May 2018

Conoco Moves to Seize PDVSA's Caribbean Assets

File Image: A view of the local refinery on the island of Aruba. (CREDIT: AdobeStock / © Hans)

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.

10 Apr 2018

Pirate Attacks Worsen in Gulf of Guinea - IMB

Photo courtesy ICC

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.

10 Jan 2018

Maritime Piracy Activity is at a 22-year Low -Report

In March 2017 fuel tanker Aris 13 was attacked by armed pirates off the coast of Somalia (Photo: EU NAVFOR)

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.

22 Dec 2017

APL Receives Silver Sustainability Rating from EcoVadis

APL Gwangyang. Photo: APL

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…

18 Oct 2017

Pirate Attacks Still a Major Concern -Sailors’ Society

Sailors’ Society’s CEO Stuart Rivers (Photo: Sailors' Society)

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…

17 Oct 2017

Global Piracy Declines in First Nine Months of 2017

Graphics: International Chamber of Commerce's (ICC) International Maritime Bureau's (IMB)

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…

01 Aug 2017

Panama Canal Wins $193 mln Arbitration

A containership in the Panama Canal: CREDIT CH2M

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.

12 Dec 2016

MSC Signs Global Declaration of Intent Against Counterfeiting

Passage of a cargo ship in the Mediterranean Photo: © Pinosub / Adobe Stock

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.

04 Dec 2016

Industry to Prevent Shipping of Counterfeit Goods

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.

03 Dec 2016

ICC, DRD Team Up to Shed Light on Arbitration

ICC Global Headquarters Photo ICC

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…

26 Jul 2016

Piracy Drops to 21-year Low, IMB Reports

Graphics: International Maritime Bureau

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.

25 Jul 2016

Piracy Drops to 21-year low - IMB

Courtesy IMB

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.

28 Apr 2016

37 Piracy Incidents in Q1, Says IMB

Image: International Maritime Bureau (IMB)

Worldwide, International Maritime Bureau (IMB) recorded 37 piracy and armed robbery incidents in the first quarter of 2016, down from 54 in the same period last year. Three vessels were hijacked and 29 boarded, with 26 crew kidnapped for ransom and a further 28 held hostage. As piracy on the world’s seas continues to fall, new figures from the International Chamber of Commerce (ICC) and IMB highlight growing violence off the coast of West Africa, where 44 seafarers have been captured so far this year.

27 Apr 2016

Violent Attacks Worsen in Seas Off West Africa - IMB

Piracy on the world’s seas Courtesy ICC & IMB

As piracy on the world’s seas continues to fall, new figures from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlight growing violence off the coast of West Africa, where 44 seafarers have been captured so far this year. Worldwide, IMB recorded 37 piracy and armed robbery incidents in the first quarter of 2016, down from 54 in the same period last year. Three vessels were hijacked and 29 boarded, with 26 crew kidnapped for ransom and a further 28 held hostage.

11 Jan 2016

Piracy Surges in South East Asia

Photo by EagleSpeak

The surge of piracy in South-East Asia waters continues as ships passing the Straits of Malacca and Singapore are falling victim to acts of piracy, says Clyde & Co. Whilst Singapore, Indonesia and Malaysia operate anti-piracy patrols in the area, it has limited resources. The sheltered coast and islands also makes it easier for robbers to operate. As piracy rampages on, Indonesia and Malaysia has taken efforts to jointly increase security. By far, the most significant incident suggests activities going beyond the usual act of armed robbery or theft on board ship.

02 Feb 2016

Piracy Hotspots Persist Worldwide -IMB Report

Image: IMB

Piracy and armed robbery on the world’s seas is persisting at levels close to those in 2014, despite reductions in the number of ships hijacked and crew captured, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) annual piracy report reveals. IMB’s Piracy Reporting Centre (IMB PRC) recorded 246 incidents in 2015, one more than in 2014. The number of vessels boarded rose 11 percent to 203, one ship was fired at, and a further 27 attacks were thwarted. Armed with guns or knives, pirates killed one seafarer and injured at least 14.

05 Aug 2015

Southeast Asia Turns into a Piracy Hot Spot

Map, Graphics: Courtesy of the ReCAAP Information Sharing Centre

According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015. Indonesia suffered 54 attacks, the highest tally since 2003, continuing a trend that has seen acts of piracy more than triple since 2010. There was also a pick-up in activity in the Strait of Malacca between Malaysia and Indonesia, a channel plagued by piracy for centuries. Malaysia itself and the Philippines also saw a rise in attacks…

08 Oct 2015

New Orleans Port to Host Maritime Workforce Summit

Port NOLA

Designed to expand awareness of the economic impact of commerce on the Lower Mississippi River and highlight career opportunities and pathways, the Summit will feature an array of speakers from industry and academia, along with a panel discussion on how industry can collaborate with educators to fulfill current and future workforce opportunities. “This Summit is designed to educate community stakeholders of the economic impact of trade, transportation and logistics throughout…

17 Dec 2015

Maersk Joins WTO’s Global Alliance for Trade Facilitation

The objective of the Global Alliance for Trade is to accelerate trade facilitation reforms by supporting swift and wide implementation of the WTO Trade Facilitation Agreement (TFA) Courtesy Maersk

The new alliance was announced at the 10th WTO Ministerial Conference in Nairobi, Kenya and consists of governments, international companies such as Maersk Group, DHL and Wal-Mart, and the International Chamber of Commerce and the World Economic Forum. The objective of the Global Alliance for Trade is to accelerate trade facilitation reforms by supporting swift and wide implementation of the WTO Trade Facilitation Agreement (TFA). Today, customs processes can involve large amounts of documentation that typically are not digitalised.

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