ships News

2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report

According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend.  Of the 439 attacks reported to …

UK Security Firms Take up Arms against Pirates

Security firms led by G4S are providing armed guards to ships sailing pirate-infested Somali waters, with one start-up kitting out a gunboat to lead World War II style convoys, as ship owners step up their response to constant attacks. G4S, …

Ongoing Pirate Menace Triggers Special Coverage, Security Measures

“Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if you’re willing to take the risks. In …

Official Says Germany Wants Armed Guards on Europe Ships

Germany plans to lobby other European Union countries to allow the deployment of private armed guards on their merchant ships in high-risk areas as a piracy crisis escalates, ministry officials said.  But analysts said the initiative was likely to face …

Maritime Intelligence Service Offers Advice on Armed Guards on Ships

Gray Page, a specialist maritime intelligence, investigation and crisis management company, has advised that the IMO’s Maritime Safety Committee’s (MSC) recently approved interim guidance on the employment of privately contracted armed security personnel (PCASP) to combat piracy, “underlines the requirement …

Report Says South China Sea Disputes Could Lead to Asian War

Risks are growing that incidents at sea involving China could lead to war in Asia, potentially drawing in the United States and other powers, an Australian think tank warned on Tuesday. The Lowy Institute said in a report that the …

Marsh Launches Guarantee, Credit Insurance for Ship Owners

Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy. In order to protect owners’ vital revenue streams from this risk, Marsh launched Charter Default, a product that provides a mix …

Marine Security Firms Set Ethics Code in Battle against Piracy

Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming to cash in on the surge in Somali piracy. Increasingly violent attacks on …

Q1 Pirate Attacks ‘Hit All-time High’ IMB Reports

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 …

Piracy: Enough is Enough Say Shippers as They Seek Government Help

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 …