- The Virtual Shipbroker
- Hi. I am a shipping company director, transport academic, author, family man and all round nice guy. I have worked as shipbroker, shipowner, freight trader and bulk charterer, in senior positions, with some of the largest and most disrespected (joke) companies in the world. Ask my advice on all things shipping and you will receive my blunt and always honest answer. Hang around to learn more about chartering and ship broker salaries, chartering and ship broker jobs, chartering and shipbroker recruitment agencies, cheap freight, maritime education, chartering and ship broker qualifications, become a ship broker, tips on how to be a successful bulk shipping executive, philosophy, Zen and the art of shipbroking, and much more. Yours The Virtual Shipbroker (recently proclaimed the guru of shipbroking) Copyright © 2009-17 by Virtualshipbroker
Tuesday, May 8, 2012
Ship chartering corruption makes headlines
An example of alleged corruption in our industry. This is not the first or the last time you will here of this kind of behaviour....unfortunately if one were to dig a little similar types of relationships would pop up quite regularly me thinks!
Having said that must point out these are only allegations and this was reported in the news over the last week or so.
Oil giant BP has suspended a senior executive alleged to have taken cash payments in return for awarding multi-million pound contracts to a shipping company, the Daily Telegraph reported on Monday.Related News & Articles
OIL giant BP has reportedly put its global chartering manager Lars Dencker Nielsen on leave of absence as it investigates claims made by a whistleblower earlier this year that a senior manager offered favourable freight rates to a shipowner in return for cash.
BP Plc (BP/) said it’s investigating charges of bribery and corruption in a unit that charters oil tankers. The newspaper added: “The Danish national is alleged to have offered favourable terms to one of BP's shipping suppliers for cash. The allegations, under investigation, were brought to light by a whistleblower describing himself only as a BP employee.” ENERGY goliath BP said today it is investigating actions of its global chartering manager, after media reports alleged that he had taken bribes. An anonymous informant sent a letter to Chief Executive Officer Bob Dudley and the U.K.’s Serious Fraud Office saying that tanker contracts were awarded on preferential terms in exchange for cash payments to a BP employee, the Daily Telegraph reported today. “We can confirm that the chief executive’s office did receive a letter,” BP spokeswoman Sheila Williams said. “BP conducts its business to the highest ethical standards. We take all allegations of this sort extremely seriously and always investigate them.”
The allegations add to BP’s legal problems after the company this month agreed to a $7.8 billion payout to victims of the 2010 oil spill in the Gulf of Mexico, the worst in U.S. history. BP Shipping Ltd., the world’s second-largest charterer of tankers, said on Aug. 16 it lost $143.6 million in 2010 because of “challenging market conditions” and lower hire costs for tankers.
BP is the world’s third-largest hirer of tankers that carry crude oil after Royal Dutch Shell Plc (RDSA) and China International United Petroleum & Chemical Co., according to Poten & Partners, a New York-based shipbroker and maritime consultancy. The company’s shipping division chartered 422 crude oil tankers for single voyages in 2011, or 5 percent of all tankers reported as hired to the market.
If anyone else want to be a whistle blower - send me an email and ill sell the story to Murdoch...
Thats a joke off course
A happy student
Just in from a current student of my VS chartering and shipbroking certificate
Having read numerous articles on the net , the ICS books as well as other so called ‘bibles ‘ like Maritime Economics by ‘the’ Martin Stopford of Clarksons, am the first to admit that the words don’t ingrain themselves the way your exercises do .
With your experience of ‘mentoring’ , you have a structured manner of introducing one topic after another which is difficult otherwise for us"..
Arun Nair - Australia
Thanks for the message Arun and yes key to the course is the structure....it flows in a way that hopefully makes sense, building on your knowledge on step at a time.
For those of you who are interested next intake will be September or October 2012