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 [...]
Somali pirates threaten use of Suez Canal: analysis
There is growing concern that the free passage of the Suez Canal, one of the great breakthroughs in international trade, is under threat from the spread of piracy off the coast of Somalia.
The flow of millions of pounds, derived from ransom payments, into groups linked to fundamentalist Islamic movements in Somalia has triggered warnings that [...]
Shipping world in piracy crisis call to IMO and UN
The shipping world today made a crisis call to the (London-based) United Nations’ International Maritime Organization (IMO) and the United Nations (in New York) requesting real and immediate action against brazen acts of piracy, kidnapping and armed robbery, carried out with increasing frequency against ships in the Gulf of Aden, by pirates based in Somalia.
The [...]
Shipping insurance cost soars with piracy surge off Somalia
A dramatic increase in piracy off the coast of Somalia and a ten-fold increase in insurance premiums has sent the cost of sending ships through one of the world’s busiest transport routes, soaring, shipping experts said yesterday.
The warning came as pirates hijacked the latest cargo ship off the Horn of Africa yesterday. The South Korean [...]
