Francis Lai, Wilhelmsen Ships Service, shares with Lee Kok Leong, our special correspondent, on the risks of counterfeit refrigerants and how to avoid them.
From Jennifer Lawrence to Pope Francis, many have expressed their ideas about corruption and its devastating effects. Here are some notable examples. Curated by Transparency International
When a ship travels in and out of ports, there is an opportunity to ask for illegal payments.
“Illicit trade in oil and fuels is an emerging global threat that has largely remained unchecked and hidden from international attention.”
"Corruption is a real threat to the people who work on our ships and it damages our business and reputation."
Competition authorities must analyse alliances, mergers and acquisitions in shipping and consider not only horizontal competition between carriers but also vertical integration between carriers and terminals.
BIMCO is helping the industry raise its voice against maritime corruption and supports initiatives that help fight unfair trade.
European shipowners and maritime technology industry call for decisive actions against unfair trade practices.
Singapore to apply stricter control measures to the marine fuels sector, boosting transparency in a notoriously opaque industry.