Subscribe to RSS feedUS ransom ban could hit Suez transits
by
Justin Stares, Brussels
—
last modified
Mar 15, 2010 10:11 AM
SHIPOWNERS will abandon the Gulf of Aden and large parts of the Indian Ocean if a US threat to ban ransom payments becomes law, a seminar in Brussels heard last week.
Owners would be obliged to avoid the Suez Canal and detour south via Madagascar if they were denied the option of paying pirates to release crews, the seminar heard.
Speakers said they feared talk among US lawmakers of outlawing ransoms...
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