Subscribe to RSS feedSomalia ransom payments soar to $3m
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 pirate gangs manipulate negotiations.
Richard Meade - Monday 29 June 2009 If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
The release of the Belgian-flagged dredger Pompei over the weekend is understood to have cost the vessels’ owners Jan de Nul a record $3m payout via third party specialist negotiators. 
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