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London 22 July 2015 – Published today, a new report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlights a continuing trend in South East Asia in the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks.
A global study has shown that almost nine in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud.
A Commercial Court judge has found that payment of charter hire does not amount to a condition of the charterparty in Spar Shipping AS v. Grand China Logistics Holding (Group) Co. Ltd.