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You are here: Home → Archive → 2009 → July → Weekly Edition 16th of July 2009 → A fifth of German owners are victims of piracy

A fifth of German owners are victims of piracy

by Friederike Krieger - Monday 13 July 2009 — last modified Jul 16, 2009 05:45 PM

ONE in five German shipowners has been the victim of a pirate attack, according to a survey by PricewaterhouseCoopers, writes Friederike Krieger in Cologne.

Most of the incidents happened off the Somali coast, with the rest in Nigerian waters and the Malacca Strait.

Of the companies polled, 52% of said that insurance premiums had risen due to the increased risk of pirate attacks.

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