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solerm
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May 21, 2009 04:18 PM
- Owners urged on Malacca funds
- SHIPOWNERS need to contribute more to the voluntary fund for navigational safety in the Malacca Strait, Nippon Foundation chairman Yohei Sasakawa, who has hinted at a mandatory system in future, said.
- US ships required to have guards
- OPERATORS of US-flag ships sailing off the Horn of Africa will be required to post security guards on board under a beefed up maritime security regime introduced by the US Coast Guard (USCG).
- Motherships ‘behind attacks’
- PIRATE motherships have begun coordinating their attacks on merchant shipping off Somalia, according to the European Union’s naval force.
- Kidnap and ransom insures 51% boost
- AN UPSURGE in demand for kidnap and ransom (K&R) cover has helped global insurer Hiscox notch a first quarter 51% increase in sterling-measured gross written business.
- Levene calls for business solution to Somali piracy
- LLOYD’S chairman Lord Levene has urged global business to lend its clout to a pan-East African response to quell piracy off Somalia.
