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You are here: Home → Archive → 2009 → July → Weekly Edition 2nd of July 2009 → Somali ransom sums set to soar

Somali ransom sums set to soar

by Lloyd's List — last modified Jul 03, 2009 04:39 PM

Record $3m payout at this week points to increasing demands

Richard Meade - Tuesday 30 June 2009

RANSOM payments for ships hijacked off Somalia have hit a new high of $3m, and prices are expected to continue rising as third-party agents acting on behalf of both shipowners and...

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