Industry Sector
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Warded Off
Attacks by Somali pirates on two cargo ships in the Gulf of Aden were thwarted by an Indian Navy warship last week, navy officers claimed. “INS Sukanya”, an offshore patrol […]
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A Merging Market
According an expert observer, we can expect to soon see a spate of mergers and acquisitions in the private maritime security industry. Mark Hankey, MD of Flag Victor believes that […]
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Flag Waivers
Cyprus’s government is preparing a change to the law that will allow its merchant ships to carry gunmen as protection against pirates, Cyprus News Agency reported, citing a shipping official. […]
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Express Arrival
Twenty six sailors and a crew of a Cypriot flag ship who were abandoned by Somali pirates after their hijacked ship caught fire have safely arrived at the port of […]
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Union Blues
A trade union dispute in Germany has led to reduced German participation in the anti-piracy patrol off Somalia. The problem arose when the union that represented the civilians sailors who […]
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High Price
A Vietnamese shipping firm paid more than $2 million in ransom to free its crewmen held for months by Somali pirates. All 24 Vietnamese crew members landed on Friday at […]
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Waking Up
After some criticism of their silence on the matters surrounding piracy, it seems the International Group of P&I Club’s is waking to the problem. The Clubs have revised its frequently […]
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Tensions Rise
Tensions over armed guards appear to be on the rise amongst the insurance industry. The recent claims at the IUMI conference that the organisation actively stands in favour of armed […]
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Vessel and Crew Freed
The Spanish oil tanker that was hijacked by pirates off West Africa 10 days ago was freed Saturday and the 23-member crew is OK, its owner said. No ransom was […]
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Armed Agreement
Carriers with Indian flags will now be allowed to deploy armed guards against pirates, the Indian Shipping Ministry has decreed. The agreement has come about following repeated appeals by the Indian […]
