TITLE

Shippers fight back against piracy

AUTHOR(S)
HARRISON, SHEENA
PUB. DATE
September 2013
SOURCE
Business Insurance;9/9/2013, Vol. 47 Issue 18, p0016
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article indicates that the use of armed guards aboard ships and protection from naval forces off the coast of Somalia has resulted to a notable reduction in marine piracy since 2011. It states that the International Maritime Bureau reported 138 piracy incidents in the first half of 2013, compared with 177 incidents during the same period in 2012. The article also observes that pricing for policies that would cover marine piracy events has fallen 30 to 40 percent in the past 12 months.
ACCESSION #
90279609

 

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