The Indonesian National Shipowners Ass’n. announced that foreign vessels sailing in the country’s waters will now be required to insure their cargoes against piracy.
The move comes in response to the sharp increase in incidents of piracy in and around Indonesia. According to the International Maritime Bureau there were 23 attacks on vessels in the first three months of this year. Over the last five years the country’s sea lanes have registered the highest number of attacks in the world.
Agents dealing in marine coverage can consult several services such as Palo Alto-based ShipShark ™. The company just announced it’s expanding its online marine database with new listings for legal resources, “lawyers, barristers and solicitors that focus on admiralty and maritime law,” and expert witnesses.
Was this article valuable?
Here are more articles you may enjoy.
State Farm to Increase Claims Workforce by 3,000 
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
‘Most Successful’ Hole-in-One Prize Insurance Operator Pleads Guilty to Fraud 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
