Subscribe to RSS feedOwner negotiates for hijacked tanker
by
David Osler, London
—
last modified
Sep 02, 2010 11:42 AM
SAUDI Arabia’s International Bunkering Co (IBCO) has secured government permission to negotiate the release of a product tanker captured by Somali pirates.
However, IBCO representatives declined to confirm specific reports that the Saudi Arabian Monetary Authority has given preliminary approval for the payment of a US$2m ransom.
A company manager told Lloyd’s List: “We are doing our best. We are talking...
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