Industry Sector
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Exploration Issues
While the effect of piracy on the movement of commodities is well documented, it seems we are now seeing the exploration and exploitation of gas and oil being hit too. […]
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Grim Find
In a rather unusual case, a Filipino seafarer has been found dead days after his ship was attacked by pirates off the coast of the west African nation of Benin. […]
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Armed Rise
Shipping companies are being forced to use armed guards, after record numbers of attacks last year added $2.4 billion to costs. About 20 percent of ships in the Indian Ocean […]
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Iranian Success
Iran’s Navy warships have foiled a pirate attack on an Iranian cargo ship in the Indian Ocean off the southeast coast of Somalia in the Horn of Africa. The bulk […]
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US Actions
The US Navy is believed to have killed four alleged pirates who were attempting to hijack a Dr Peters-owned VLCC. The 306,500-dwt “Artemis Glory” (built 2006) came under attacked at […]
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Thai Answer
According to media reports, the Thai navy is to deploy armed guards on board Thai flagged vessels transiting the Gulf of Aden. Their mission will start in July in the […]
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Ransom Paid
Somali pirates received a ransom of US$7 million for the release of two Spanish hostages held for four-and-a-half months, a pirate claims. The payment was dropped by helicopter. “The ransom […]
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Hostages Freed
After a firefight with suspected Somali pirates, Danish sailors freed 16 Iranian hostages on board an alleged mother ship, according to the Danish Royal Navy. Four suspected pirates were killed […]
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War Risk Dispute
India has opposed the extension of the piracy zone in the Indian Ocean region — which brings the boundary of this danger zone close to Indian waters on the west […]
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Failure Reminder
Britain’s Chamber of Shipping supports moves to create a clear legal framework for the use of armed guards, while pointing out the need for armed guards represents a failure by […]
