Insurers on board with piracy risks
Tags: MARINE insurance; PIRACY; PIRATES; HIJACKING of ships; INTERNATIONAL Maritime Bureau of the ICC; INSURANCE policies
Related Articles
- Dire Straits. Elegant, Simon; Loebis, Zamira; Tedjasukmana, Jason // Time International (South Pacific Edition);12/6/2004, Issue 48, p34
The article presents information on piracy, a crime committed on ships passing through Strait of Malacca. In one of such incidents, pirates attacked the ship, Dewi Mandrim in the Strait of Malacca. The robbery turned one of the world's busiest waterways into one of the most dangerous. According...
- Attacks Jump as Pirates Extend Their Reach. // Journal of Commerce (15307557);1/24/2011, Vol. 12 Issue 4, p6
The article reports that there were 445 attacks by Somali pirates in 2010, a 10% increase over 2009, according to the International Maritime Bureau in London, England, though attacks in the patrolled Gulf of Aden went down by over 50% over the same period.
- Strait Is Safer. // DPC: Dredging & Port Construction;Sep2006, p2
The article reports on the decline of piracy attacks in Malacca Strait, but the International Maritime Bureau still advises crews to remain vigilant. Only three occurrences were reported in the first half of 2006 compared to eight for the same period last year. Of the total 127 attacks...
- Fear piracy more than terrorism. Rafiq, Adal // ICIS Chemical Business;5/5/2008, Vol. 273 Issue 18, p26
The article focuses on the threat posed to chemical tankers by maritime piracy. According to the International Maritime Bureau (IMB), 52 attacks were reported worldwide on chemical and product tankers in the year 2007. The chemical tanker Dewi Madrim was hijacked by pirates in March 2003. Its...
- Piracy at Sea. // Background Information Summaries;2011, p3
Pirate attacks carried out on the high seas (outside territorial waters) against commercial shipping (understood as attacks for financial gain as opposed to politically-inspired terrorist attacks) reached a record number in 2010, the fourth consecutive year of increases. The Piracy Reporting...
- The Persistent Piracy Threat (11/18/2009). Poletti, Matthew // Military Periscope Special Reports;11/18/2009, p1
The article focuses on the hijacking threats posed by Somali pirates in the ocean, off the coast of Somalia and the efforts of the international community to curb them. It is reported that the military patrols have become ineffective as threats are continuously surging. In 2008, there were 38...
- Turning Up the Heat. Wittman, Amy // Sea Power;Feb2009, Vol. 51 Issue 2, p4
The author reflects on the status of sea piracy worldwide. Figures gathered from the International Maritime Bureau (IMB) in Great Britain reveal that there is a 10% increase of piracy incidents worldwide compared to 2007. The author believes that these detrimental incidents can be reduced...
- The New Pirates. Digby, Bob // Geodate;Jul2010, Vol. 23 Issue 3, p7
The article offers information on the global distribution of piracy attacks in 2009. Data show the distribution of piracy incidents in the Gulf of Aden between Somalia and Yemen during 2009. Figures from the International Maritime Bureau reveal the increasing number of piracy attacks from...
- Attacks On Ships 'More Than Double'. // DPC: Dredging & Port Construction;Sep2009, p10
The article focuses on the report released by the International Maritime Bureau in 2009. The report emphasizes the increasing number of attacks on shipping in 2009. It reveals that there has been 240 attacks during the first half of 2009, compared with the 114 over the same period in 2008. It...
