29.Nov.2002 Stop the Bryzantio NOW
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Please act now
to prevent yet another „oil“ disaster.
which broke in half and sank
off the coast of Spain
in the third week of November,
was an aging oil tanker
operating under a
"flag of convenience"
- registered with a „nation“ unconnected with its owners to avoid or reduce regulation.
Now the owner of the thousands of tonnes of spilled oil,
has loaded more fuel oil
is also a flag of convenience vessel
(this time registered with Malta).
It is currently in port in Estonia +
is destined for
by Radagast 03:03 PM
Update (11 pm) -
The Byzantio has now left port.
In the end we were able to delay it
for 5 hours
09.Jan.2000 Our 'flag of convenience'-The Malta Independent on Sunday
- Issue No. 394 -Sunday
There is no doubt that Malta's maritime industry has been an outstanding success
and its ship register is in fact the world's fourth largest in the world
with a gross tonnage of almost 26 million
under the Maltese flag.
our so-called "flag of convenience"
has been subject to severe criticism
by the international press
and to a certain extent,
by the local press,
in the aftermath of the
Maltese- registered Erika tanker disaster
off the French coast.
This was an ecological disaster of huge proportions:
the 590-foot tanker
split in two
in the Bay of Biscay
spilling part of
its 25,000 tonnes of fuel oil
sea causing a severe disruption
to the area's
Should Malta assume part of the responsibility for this disaster?
Should the Maltese government have shown a little more solidarity
as soon as the disaster occurred?
What type of standards are enforced by our maritime authorities?
Prime Minister Eddie Fenech Adami
has defended the Malta ship register
it had carried out
all its responsibilities
Should we therefore just consider this episode closed?
Before going further
one should perhaps recall
what the 1999
European Commission updated report on Malta
had stated on our ship register:
"Maritime Transport is a key issue for Malta and
full implementation of the community acquis
is still some distance away.
Conditions for setting up shipping companies in Malta and
obtaining the Maltese flag
are less stringent
than those generally applied
by member States.
As far as implementation is concerned,
Malta still does not apply certain key safety and
and progress is urgently needed.
The poor safety performance of
vessels on the Maltese register
is a matter of concern.
The improvement of the flag State administration remains a priority.
A sound strategy needs to be put in place
in order to remove
from the register."
There can be no doubt that
a number of improvements are needed
in the way standards are enforced
on Maltese registered ships.
For a government that is seeking to take Malta into the European Union and
which often praises European Union standards,
such a report by the European commission
cannot be ignored.
The Malta Independent
that corrosion was found on the vessel's structure
during an inspection
two years ago
in Holland and
more corrosion was found in another inspection
six months later.
a check carried out
by Russian inspectors
one month before the accident
failed to report any evidence of corrosion.
It is well known that
France has been very upset by Malta's silence
It took almost one month for
our Foreign Minister
to call on the French Ambassador and
express Malta's solidarity with the French people
over this ecological disaster.
The French Ambassador
had already made it clear in an interview
with The Malta Independent
that he was both surprised and upset by Malta's silence.
Besides refusing to admit
that there are some problems with our ship register,
the government also handled the Erika episode badly
from a public relations point of view.
What would it have cost
to send over 100 Maltese soldiers
or civil protection officials
to help clean up the massive oil spill
off the French coast?
What would it have cost
to express the nation's sorrow and regret
and to announce an inquiry
as soon as news of the incident was known?
Burying our head in the sand
will get us nowhere.
It could only strain relations with France,
a country so essential in our bid for EU membership.
The government must be realistic about Malta's ship register.
Being equated with Liberia and Panama
and being the fourth largest ship register in the world
is no particular honour
if proper standards are not enforced.
Sooner or later
Malta will have to come to terms with reality,
especially in view of the implementation of certain requirements
which have to be enforced
once we join the European Union.
Less speeches please
It is unfortunate
that our country's leaders
felt the need to make rather long- winded and
as the new millennium approached.
First there were three speeches inside St. James Cavalier
lasting 45 minutes
while thousands of people waited outside
to get a glimpse of our new Arts Centre.
Then at a quarter to midnight
as everyone was getting into a festive mood
and the Prime Minister
felt to need to make another speech each,
and this was not appreciated
by the crowd.
On both occasions the people gathered
actually began to boo the speakers -
a first for Malta.
Perhaps this should be taken as a sign
that Malta has changed
and we no longer want politicians
and the Church
to dominate our lives
in the way
that they have done
over the years.
As we start the new millennium
can we please have less speeches and less politics in our everyday lives?
The Malta Independent on Sunday
is published by
Standard Publications Ltd,
Standard House Birkirkara Hill,
St Julian’s STJ 09.
Fax 344884, 346062
Editor: Anthony Manduca
JP Morgan Chase Bank presented Alfa Bank with Quality Recognition Award
17 Oct 2002
JP Morgan Chase Bank
held a meeting
was presented with
JP Morgan Chase Quality Recognition Award.
The meeting was attended by
Head of International Division,
Member of the Board of Directors,
JP Morgan Chase Bank.
executive vice-president of
JP Morgan Chase Bank for
(Europe, Middle East and Africa).
During the meeting Steve Wilder stated that Alfa Bank had been named “one of the best” banks among all correspondent banks of JP Morgan Chase Bank throughout the world (6,000 banks) in terms of the quality of USD clearing payments for the year 2001, in which connection Mr. Wilder presented representatives of Alfa Bank with Quality Recognition Award.
Commenting on the event, Maxim Topper said that the award by JP Morgan Chase Bank demonstrates a high degree of appreciation for Alfa Bank’s work in this important area of the financial market — “We are confident that the noted professionalism of the Alfa-Bank’s payments team will continue to satisfy the highest international standards and hope that we will be able to remain worthy of this great praise from such an authoritative financial institution as JP Morgan Chase Bank for years to come”.
During the meeting Alfa Bank and JP Morgan Chase Bank discussed their current relationship and prospects for further development.
Alfa Bank has won numerous press awards, including Euromoney Best Bank in Russia 2002, Global Finance’s Best Russian Bank in 2002 and Best Trade Finance Russian Bank in 2002, Bank of the Year 2000 in The Banker.
Alfa Bank Group
Founded in 1990,
Alfa Bank has developed rapidly to become Russia’s largest privately owned bank.
It provides a full range of banking services —
trade finance and
The Bank has more than 70 branches over nine time zones in
subsidiaries in the
United Kingdom, the
United States and the
Prior to joining
Mr. Robinson, b.26 May 1967-
was s senior manager in the audit and business advisory group at
(formerly Price Waterhouse) and
spent 6 years with
in Moscow and St Petersburg.
Mr. Robinson is a
British qualified Chartered Accountant
and a member of the
Institute of Chartered Accountants in England and Wales.
He graduated from the
Accounting Faculty of Norwich City Institute in the UK.
Mr. Robinson was born in Corringham, England on
26 May 1967.
Media and International Public Relations Manager
Tel: +7(095) 785-9650
Fax: +7(095) 788-6981
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