Subscribe to RSS feedRansom demands soaring to astronomical levels
SOMALI pirates are squeezing bigger ransoms out of shipowners as they become savvier negotiators and some victim companies remain in the dark about the going rate, experts say, writes Nigel Lowry in Athens.
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“Settlements are on the increase and cases are becoming less standard in nature and much more difficult to
settle,” said Alex Kemp, operations manager for Group 4 Security subsidiary NYA International.
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