Tag Archives: laws

Where there is high financial assets, legal regulation or commodity movement lies corruption; done with different motivations and endgames. Corruption is legally defined as a fraudulent intention to bypass prohibitions of law. Corruption is also defined by abuse of official positions and/or stations with actions contrary to duties and obligations for personal or third party benefits. […]

The maritime industry is full of professionals who are experts in their own fields. However, upon encountering another aspect of the industry when attending to some operations it is important to note that experts know more about their own profession therefore less about aspects not in relation to them. Therefore, leaving a conclusion that working […]

The maritime sphere embraces modern technology at a fast pace where new technology never before used here makes appearances and shifts the landscape of the industry. Before, we discussed robotics and its potential uses in the maritime industry; opening new innovations to aspects such as rescue and salvage operations. However, the topic here is Internet […]

Recently, in October 24th Genesis Energy L.P acquired the M/T American Phoenix tanker for $157 million from Mid Ocean Tanker Company; whose hull was bought at a bankruptcy auction. This acquisition will augment Genesis Energy’s existing marine operations with its inland barge business with 62 barges and 24 push/tow boats. The M/T American Phoenix itself […]

Piracy is nowadays, compared to terrorism due to certain factors being shared such as hostage taking, setting of demands/ ransoms but the main difference among the two phenomena is that terrorism usually exists in established states that are under control and jurisdiction of a legal system presented by the government of those states; thus terrorists […]