Planet Rugby Forum

20 tonnes



And they are also taking the ship for the hassles caused

https://edition.cnn.com/2019/07/10/busi ... index.html

New York (CNN Business)US authorities in Philadelphia seized a cargo vessel in June with nearly 20 tons of cocaine on board. The ship, as it turns out, is owned by a fund run by banking giant JPMorgan Chase.

A source close to the situation said on Wednesday that the ship, the MSC Gayane, is part of a transportation strategy fund run for the bank's asset management unit.

That means JPMorgan Chase (JPM) does not have any operational control of the vessel, a Liberian-flagged ship that is run by the Swiss-based Mediterranean Shipping Company. The bank had no comment.

Law enforcement agents boarded the MSC Gayane on June 17 and found the cocaine, which is said to have a street value of about $1.3 billion.........

Good times shall be forgone for all of about a few days, I'd imagine, such is the size of the market.

The ship is owned by an Italian shipping company that is based in Switzerland and operated under a flag of convenience. Nothing suspicious here folks. MSC would be one of the two or three largest shipping companies in the world. This is concerning, I wonder what the investigation will reveal.

Brumbie_Steve wrote:The ship is owned by an Italian shipping company that is based in Switzerland and operated under a flag of convenience. Nothing suspicious here folks. MSC would be one of the two or three largest shipping companies in the world. This is concerning, I wonder what the investigation will reveal.

The investigation will reveal that it is a holding structure which is extremely common in the shipping world given the operational risks and challenges that industry faces. When they dig a little deeper they will even find that the specific company which owns that particular ship has no other assets. Even worse, each ship in the fleet is held by a separate and unique legal entity for the purpose of managing risk.

The plot thickens...

The structure of international shipping is such a clusterfuck. I thought the power countries in the world should've used the resurgence of piracy off Somalia to their benefit and make things less opaque. "You want a navy to protect your ship. You have the Liberian flag on your vessel. Have you called them?"

Flyin Ryan wrote:The structure of international shipping is such a clusterfuck. I thought the power countries in the world should've used the resurgence of piracy off Somalia to their benefit and make things less opaque. "You want a navy to protect your ship. You have the Liberian flag on your vessel. Have you called them?"

I have always thought this

You read about it and it is like the one thing no one bothered to bring into the 21st century

How on earth is this a shipping line problem? Do you think the manifest was for 1 container of cocaine which MSC filled the paper work in on?

bimboman wrote:How on earth is this a shipping line problem? Do you think the manifest was for 1 container of cocaine which MSC filled the paper work in on?

Was thinking more the whole ship flag, territorial waters, who can claim what if it is stuck/wrecked/sunked

It is a legal mess

It is like planes but done crappily

$1.3 billion?!?!?

Dark wrote:

bimboman wrote:How on earth is this a shipping line problem? Do you think the manifest was for 1 container of cocaine which MSC filled the paper work in on?

Was thinking more the whole ship flag, territorial waters, who can claim what if it is stuck/wrecked/sunked

It is a legal mess

It is like planes but done crappily

Ancient rules yes cause the confusion. And you’re right doesn’t seem to be a will to sort . One box out of millions though can’t be a shipper fault.

I worked for over ten years for a Greek shipowner who openly referred to MSC as the Mafia Shipping Company and regularly stated their business was the transport of cocaine.

When I read the title my immediate thought was is MSC involved.

America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Walk?? They deliver

happyhooker wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Walk?? They deliver

Yep

Bayern wrote:

happyhooker wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Walk?? They deliver

Yep

When you consider that Oxy and Fentanyl, both FDA approved, are probably now the biggest cause of overdose deaths in the US right now, they have no idea what they're doing but still peddle their War on Drugs nonsense, locking them all up wont work any more......at the height of the heroine (70/80's) epidemic they had 3K a year, crack in 90's was around 5, 2016 had nearly 65K and now its middle America where its widespread rather than the historic coastal areas.

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

goeagles wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

Slightly?? Hops and marijuana are close cousins

happyhooker wrote:

goeagles wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

Slightly?? Hops and marijuana are close cousins

A good bottle of Jever smells like weed when you open it

happyhooker wrote:

goeagles wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

Slightly?? Hops and marijuana are close cousins

that figures

goeagles wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

Yeah little doubt the war on drugs must be a huge employer and globally at that. Interestingly those zany conservative Swiss are (probably) the world leaders when it comes to the issue of heroin addiction and how they deal with this particular issue. Swiss regional Police forces established years ago that the vast majority of property crime was directly attributable to heroin addiction and so clinics were set up to basically give away pharmaceutical grade heroin to registered junkies result being that crime rates dropped dramatically almost overnight. Unfortunately the knock-on was that once word got out junkies from all over Europe tipped up in Switzerland to make use of the free heroin services and suddenly there was a rental property shortage commensurate with the sheer volume of addicts that arrived. Lots of high profile Police people in the UK are openly suggesting now that a total rethink on drug policy is required which is interesting too. Figures show that the vast majority of burglaries, store thefts and property thefts in general are committed by a tiny portion of the population and committed to feed drug habits. Give it away in a controlled environment and much of the crime will disappear they say which of course makes sense.
https://www.thenation.com/article/switz ... ed-heroin/

Why don't they just legalise all drugs.

Masterji wrote:Why don't they just legalise all drugs.

I just can't be arsed to have this argument again

I agree with you btw

Bayern wrote:

goeagles wrote:

Bayern wrote:America's war on drugs is quite clearly (another) epic fail, same could be said for all the nations pursuing the same policy i guess. Whether the drugs are legal or not is an irrelevance given that the drugs are here anyway. Anybody can buy whatever they want not a five minute walk from wherever they live in almost any western country if not all. I often wonder who the real drivers of these nonsense policies are, Pharmaceutical companies, Brewers/Distillers etc probably. It would certainly throw millions out of work if the policies suddenly changed, maybe that in part is the driver? No way to know, may all come out in a book one day...

Law enforcement is the biggest driver. They absolutely have the most to lose if it's determined fewer law enforcement officers are needed, along with less money for law enforcement from civil forfeitures related to drug dealing. Pharmaceutical companies would be more for marijuana and possible medical uses of LSD, MDMA, etc than for the likes of cocaine, heroin, meth, etc. so yes to some extent. Brewers and distillers? The number of breweries and distilleries in Colorado has grown since marijuana legalization here. If anything, beer and marijuana are slightly complementary.

Yeah little doubt the war on drugs must be a huge employer and globally at that. Interestingly those zany conservative Swiss are (probably) the world leaders when it comes to the issue of heroin addiction and how they deal with this particular issue. Swiss regional Police forces established years ago that the vast majority of property crime was directly attributable to heroin addiction and so clinics were set up to basically give away pharmaceutical grade heroin to registered junkies result being that crime rates dropped dramatically almost overnight. Unfortunately the knock-on was that once word got out junkies from all over Europe tipped up in Switzerland to make use of the free heroin services and suddenly there was a rental property shortage commensurate with the sheer volume of addicts that arrived. Lots of high profile Police people in the UK are openly suggesting now that a total rethink on drug policy is required which is interesting too. Figures show that the vast majority of burglaries, store thefts and property thefts in general are committed by a tiny portion of the population and committed to feed drug habits. Give it away in a controlled environment and much of the crime will disappear they say which of course makes sense.
https://www.thenation.com/article/switz ... ed-heroin/

Good post

happyhooker wrote:

Masterji wrote:Why don't they just legalise all drugs.

I just can't be arsed to have this argument again

I agree with you btw

The battle against Drugs was lost along time ago. Legalise and tax

Retired Police Captain demolishes the War on Drugs

https://www.youtube.com/watch?v=W8yYJ_oV6xk