Tag: fraud

Aegean Marine Petroleum Network Inc. announced that it has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code. The debtors entered this process with the support of Mercuria Energy Group, an independent energy and commodity company.

The European Union and Italian authorities are investigating a suspected tax fraud by Chinese criminals, who are reportedly importing goods through Greece’s largest port of Piraeus, which is considered a trade gateway between China and Europe. The European Anti-Fraud Office is also working with Italy on the investigation.

The South Korean Supreme Court sentenced the former CEO of DSME to nine years in prison, Sunday, on charges of fraud totaling USD4.69 billion. Mr. Ko Jae-ho orchestrated the shipbuilder's financial statements and plans for the fiscal year from 2013 and 2014, to cover up mounting deficits.

The Britannia P&I Club warns of people pretending to be ecological inspectors threatening ships in the ports of Odessa and Ilyichevsk. There were two cases last week when ecological inspectors, using fraudulent and unlawful means, tried to make the masters of the ships give them samples of segregated ballast

JRC research leads to new legislation A new regulation adopted by the European Parliament and the Council will allow customs to access information to track the origins and routes of cargo containers arriving in the EU.This new capability will support the fight against customs fraud both at EU and national level. The JRC has been instrumental in the conception and adoption of this legislation as it provided the scientific evidence on the importance of analysing the electronic records on cargo container traffic.The EU customs authorities have been long aware that information on the logistics and actual routes of cargo containers arriving in Europe is valuable for the fight against customs fraud. However, they had very limited ways to obtain such information and no means to systematically analyse cargo container traffic. On the other hand, the ocean carriers that transport the cargo containers, as well as their partners and clients, have easy on-line access to the so-called Container Status Messages (CSM): electronic records which describe the logistics and the routes followed by cargo containers.Example visualisation of routes followed by cargo container.(Click on the image for a larger view)In collaboration with the European Anti-Fraud Office (OLAF), the JRC has worked extensively on ...

ITF cruise ship taskforce chair Johan Oyen sounds a warning about recruitment frauds

West of England P&I Club warns operators to be vigilant when offered shipments out of Algerian ports

The ICC International Maritime Bureau has flagged-up an unusual attempted fraud involving a container's weight and size

OW Bunker has been informed about a fraud committed by senior employees in the Singapore-based subsidiary DOT

Speaking at the 45th FONASBA Annual Meeting in Gothenburg, ITIC claims director Andrew Jamieson explained that recent cases had been variations on earlier frauds.