June 2012 A recent report released by AT Kearney and the Gulf Petrochemicals & Chemicals Association predicts that another piracy epidemic could cause shipping costs to skyrocket by 150%. Although there have been recent declines since the epidemic reached fever-pitch levels in 2009, piracy has not yet been eliminated. If the current situation stagnates or […]
Trigger-happy Pirates
August 2012 The liberated captain of the MV Albedo, who was held captive by Somali pirates for nearly two years recently shared the story of his harrowing experience. Jawaid Khan, a Pakistani, recounted his shock and horror at the brutality of the pirates, and how easy it was for them to kill, torture and imprison innocent […]
Attempted Hostage Rescue: Three Dead
December 16, 2012 Somali Maritime Police Force operators were involved in a shoot-out with pirates who had hijacked the MV Iceberg 1 when authorities attempted a rescue. The Iceberg was first captured by pirates in March 2010. The pirates had been attempting to ransom the hostages for over two years, keeping them separately at different […]
Donald on Piracy
October 2012 Dominick Donald recently addressed an audience at the 3rd Safety4Sea Forum in Athens, focusing on the drop in Somali-based pirates and what it means for the shipping industry moving forward. Dr. Donald is the Director of Aegis Advisory, a specialist business-intelligence consultancy located in the United States. Safety4Sea forum coveres a wide range of quality, […]
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