Subscribe to RSS feedWarning of escalating costs of war on piracy
SHIPPING and international commerce face what amounts to a piracy tax to keep trade flowing off East Africa, according to a study drawn up for the Lloyd’s insurance market.
Action stations: a helicopter from HMS Invincible and two small boats from a USCG cutter provide cover as a coastguard boarding team takes control of a hijacked Thai fishing vessel and custody of the hijackers.
In the report on the twin threat to international business of global recession and political instability, Lloyd’s gives a stark prognosis for the spread of piracy and mounting costs for shipowners, shippers and consumers.
The Lloyd’s 360 Insight report,...
This full article is available to Lloyd's List DCN subscribers only.
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.
| Tweet |
