December 2013

ISROC Under Fire

The International Ship Registry of Cambodia (ISROC), the South Korea based private company which has administered the Cambonian fleet since 2003, has come into questioning resulting from its non-enforcement of international standards.

The Cambodia Daily reports:

Hedge Funds Review Survey Ranks Top Jurisdictions

Hedge Funds Review's annual survey of service provider rankings has named the most popular jurisdictions among respondents.

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France Approves Armed Guard Use

France is the latest country to approve the use of armed guards onboard vessels.

Fairplay reports:

France to approve armed guards to deter piracy

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Dutch Court Grants Arrested Ship Jurisdiction to Mortgage Banks

A recent court ruling has granted Netherlands juridictions in cases of ship arrests by Dutch mortgage banks, regardless of the ship's flag or ownership jurisdiction.

Lloyd's List reports:

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Singapore Registry Appoints New Chief Executive

Andrew Tan Kok Kiong will replace Lam Yi Young as chief executive of the Maritime and Port Authoity of Sinapore on January 1, 2014. Fairplay reports:

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Maritime Security Discussion Features Comments on International Standards

A recent discussion among experts regarding maritime security policy addressed the need for international regulation to apply to all flag states.