Somali pirates hijacked a Singapore-owned product tanker about 180 miles [290 kms] off the coast of Kenya, said port officials and the EU’s anti-piracy taskforce on Monday. The 21,000-ton vessel MV Gemini, operated by Singapore-based Glory Ship Management, was seized …
Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom payment, the pirates and a piracy monitoring group said. The pirates said they had released MV Eagle, a 52,163 deadweight ton merchant vessel and …
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report revealed. The IMB said the “sharp rise was driven …
Ship owners are calling on governments to curb the escalating threat from the increasingly audacious attacks by Somali pirates. The attacks are being blamed for “strangling key maritime supply routes and for costing the global economy up to $12 billion …
A leading Norwegian shipowner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in Somalia to crush piracy by forcing up oil and commodity prices. The call, which has yet to …
Somali piracy is worsening by the week and governments lack the political will to tackle the crisis, which is threatening world trade routes, shipping industry officials said on Friday. Shippers have warned that more than 40 percent of the world’s …
NATO says that a Danish warship has freed a hijacked fishing vessel and arrested 16 suspected Somali pirates. Sunday’s press release says the HDMS Esbern Snare stopped a suspicious vessel with two skiffs on deck. The warship fired warning shots …
Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding snipers and other armed teams costing up to …
Insuring ships against piracy could become more expensive and subject to tighter conditions after the hijacking this week of oil tanker Irene SL, one of the most long-range attacks to date by Somali pirates. Analysts say the incident, some 1,000 …
Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far. The Irene SL, the length of three soccer …
