Pursuit of Pirates on Somali Territory Sought at UN
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By Bill Varner
Dec. 10 (Bloomberg) — Pirates could be chased onto Somali territory under a proposal the U.S. wants the United Nations Security Council to endorse, diplomats said.
A draft resolution to authorize such action has been given to some member governments on the panel, and a vote may be sought as early as next week, [...]
Security upgrades set to make India�s ports even more costly
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Bangalore: India’s relatively high-cost ports are likely to charge even more as the government takes steps to beef up security following the Mumbai terrorist attacks.
The government is planning to install equipment to scan cargo containers, set up a marine commando force, increase the number of security personnel and buy speedboats to help in search operations.
[...]
Somali pirates release Greek ship
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The East Africa Seafarers Assistance Program (SAP) issued a statement today confirming that the bulk carrier CAPT. STEFANOS (sometimes spelled CAPT STEPHANOS) was released by its hijackers yesterday.
The vessel was captured by Somali pirates in September along with her crew of 19 in the Gulf of Aden.
“The Greek ship-owner’s company Chartworld Shipping Corporation (Athens) finally [...]
Industry cancels orders worth Rs 3,750 crore for new ship
NEW DELHI: India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump
in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts say. Orders for about 35 ships that were to be built [...]
Shipping firms face unhappy new year
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As 2008 draws to a sorry close, the boom momentum that the shipping industry was enjoying at the start of the year is now a distant memory with demand falling in direct proportion to the economic slowdown.
Charter rates continue to plummet with the scenario of idle tonnage becoming a certainty for the near future, especially [...]
Defiant Somali pirates await EU navy force
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Somali pirates were undeterred Saturday as a new European Union naval forces readied to launch an operation aimed at curbing relentless attacks that have rattled world maritime trade. The EU’s anti-piracy drive, dubbed Atalanta, was to formally kick off on Monday, increasing the military presence in the Gulf of Aden, which has in recent months [...]
Maritime body issues S. China Sea piracy warning
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Ships have been told to keep a lookout to guard against pirate attacks in the South China Sea off eastern Malaysia following an attack on a vessel last week, the International Maritime Bureau said on Sunday.
The warning came after pirates attacked a coal ship 10 nautical miles off the coast of the eastern Malaysian island [...]
The latest must-have for commercial shipowners: a piracy insurance policy
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A risk consultancy with close ties to the Lloyd’s insurance market is offering the world’s first insurance policy for shipowners covering potential ransom payouts on crew members who have been kidnapped.
Kidnap and ransom insurance is well-established but has traditionally been offered only in respect of individual executives working in commercially sensitive [...]
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 [...]
Shipping slowdown expected to cut deployment of seafarers
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“For seafarers, they [IMO] can see a little bit [of a downturn] in the first quarter, but they would recover in the third quarter,” Labor Secretary Marianito D. Roque told reporters at the sidelines of the department’s 75th year anniversary exhibit opening, without giving estimates. United Filipino Seafarers president Nelson P. Ramirez said in a [...]
