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Vessel Arrest Data
Vessel arrest data refers a dataset of known vessel arrests.
While the high-profile reports of vessel arrests are often relating to drugs, arms, or other smuggling activities, most of these records will be based on debts or claims against the vessel, or one of the companies within its ownership structure.
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While the high-profile reports of vessel arrests are often relating to drugs, arms, or other smuggling activities, most of these records will be based on debts or claims against the vessel, or one of the companies within its ownership structure.
Vessel arrests occur under the local legal systems, and as a result recording mechanisms vary.
Benefits
As many vessel arrests are indicative of malpractice or poor payment processes, they can be a strong indicator of the financial risk associated with working with an owner who’s vessel has been arrested.
Drawbacks
As recording of this data isn’t mandated in the same way as Inspections or Detentions data, this dataset can be fragmented, and it’s difficult to ascertain how much is unavailable.
