Subscribe to RSS feedOwners torn two ways by conflict of interest in piracy hijack talks
by
JUSTIN STARES
—
last modified
Apr 14, 2010 04:02 PM
The interests of kidnapped crews and shipowners are often opposed when pirates hijack a ship. JUSTIN STARES considers industry admissions on the uncomfortable truths behind ransom negotiations
ON HEARING a ship has been hijacked off Somalia, a shipowner’s first thoughts are no doubt for the crew.
“How can we get them back safely?” the owner will ask security advisors.
But what thoughts come next? Understandably, the...
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