Subscribe to RSS feedPirates may be prolonging ransom negotiations as stakes become higher
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By Richard Meade - Tuesday 4 August 2009
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last modified
Aug 06, 2009 03:56 PM
THE release of 11 Indonesian seafarers almost eight months after their ship was first hijacked has highlighted growing industry concern that ransom negotiation are dragging on longer than ever before.
The Malaysian-flagged tug Masindra 7 was finally released over the weekend following protracted negotiations between the vessel’s Malaysian owner, Masindra Shipping, and the group of pirates that captured it off the Yemen coast on December 16 last year.
The...
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