Piracy at ‘Intolerable’ Level, Says Maritime Executive
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The massive deployment of foreign navies to the vital shipping lane off the Horn of Africa and the Gulf of Aden has so far failed to slow the rate of pirate attacks, with new ships taken almost daily, according to maritime executive Christopher Hayman. He said most commentators agreed that piracy was merely the symptom [...]
Legal Hurdles in West Slow Pursuit of Pirates
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Somali pirates firing automatic weapons and rocket-propelled grenades hijacked yet another ship in the Gulf of Aden on Friday, this time seizing a chemical tanker. A German military helicopter from a nearby warship arrived in time to pull three security guards out of the water, but not soon enough to prevent the hijacking of the [...]
Shoppers won’t notice ship piracy insurance rise
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By Stefano Ambrogi
LONDON, Nov 24 (Reuters) - Insurance costs have risen for merchant ships to transit the piracy-prone Gulf of Aden, but not hugely, and still represent only a fraction of the overall cost of the asset and cargo, marine hull insurers said on Monday.
They said extra transport costs feeding through to consumers [...]
