definitions provided by the UN and the IMB. Per the UNCLOS treaty, piracy can technically only occur on the high seas, i.e. outside of states’ territorial waters. Although the IMB recognizes what the provisions in the UNCLOS treaty prescribe, it maintains an addendum pertaining to armed robbery: “Armed robbery against ships means any unlawful act of violence or detention or any act of depredation, or threats thereof, other than act of “piracy”, directed against a ship or against persons or property on
estimates that K&R premiums increased 900% 2008 and 2009. iii. Cargo insurance covers goods transported by a ship. The excess premium on cargo transiting piracy regions is said to have also gone up. iv. Hull and machinery (H&M) insurance that covers physical damage to the ship, including grounding or damage from heavy seas, collision, sinking, fire, piracy, capsizing, being Stranded, and jettisoning cargo to save other property. This insurance premium is also gone up. c) Shipping networking and rerouting
The Straits of Malacca consist of a narrow and lengthy waterway that extends more than 500 miles in the Southeast Asian region connecting the two most important oceans of the world- the Indian Ocean and the Pacific Ocean from the east of the Andaman Sea to the South China Sea in Southeast Asia. Straddling the sea route between the Indonesian island of Sumatra and Malaysia to the east and between Riau Archipelago and Singapore to the south, the Straits of Malacca are known globally for their economic
the usage of the internet to illegally copy and/or distribute copyrighted works. Lost in the exchange of web oversight, hostile to theft measures, and the governmental issues of the web is a basic inquiry: does robbery really cause financial harm? Piracy, does in fact, have a negative effect in many ways including factors like everyday jobs and may hurt countless companies and businesses. Everywhere around the world, people are enjoying millions of pirated things like music, apps, and movies. Many
The wrong hands would be reaping the benefits of another man’s sweat. In this line, you find people who pirate audio CD’s of popular songs for example. And this crime known as piracy, i.e. reproducing something that originally belongs to someone else, can only be considered a criminal offense committed if the original owner has registered his/her product with the relevant bodies or enforcement authorities and of course this is
industry, ports and logistics have a significant role, especially with the rapid growth of maritime trade and commerce among IORA Member States. In spite of the
In maritime Romanian we have found the following patterns: cap al arborelui → mast head; cap al etravei → stem head; cap al navei → head of a ship; cap de dig → jetty head; cap de eche → tiller head; cap de gruie → davit head; cap de macara → head of a block; cap de mol → mole head; cap al gurii de vizitare → manhole; cap de aerisire → vent head; cap de nară de ancoră → hawse buckler; cap de iublou → port lid. There are also instances of parts of the body and animals: cap de cioară → lacing eye;
VIEWPOINT Ship collision is the physical impact that occurs between two or more ships resulting from a damaging accident. It may involve ships, a stable or floating structure such as a port, an ice berg or a drilling platform. With the growth of the maritime industry, thousands of humongous ships capable to travel with great speed are being produced each year so the traffic in the seas becomes denser and a greater chance of collision. When a ship collision occurs it may result to grave consequences
METHODOLOGY In order to identify and evaluate the extent to which British Bulkers applies CSR in its business, both secondary and primary research was held. More specifically, secondary information about the company was collected through its corporate website. Moreover, online sources were used to analyze the external environment of British Bulkers, while articles and textbooks were also used, in order to analyze the importance of CSR in business in general and the shipping business in specific
prosperous. From centuries past, the sea has always been important to all country at the world which as an important factor of economic development of every maritime country. The maritime sector contributes significantly to the economic development. Underling this is the fact that 95% of the country international trade is carried in whole or in part by maritime transport. An efficiency of the transport that will improve the liberalization of the economy, the prospects for further growth of the industry remain