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  1. News - World - PIRACY

    Ransom letters from Somali pirates reveal their professionalism

    Posted Aug 15th 2012, 12:00am

    ... piracy cost the world economy US$7 billion and earned pirates some US$160 million in ransoms, according to a recent report by the International Maritime Bureau. Piracy is receding of late, ... of a hijacking, they will pay up, just as Jamal and his ilk request. As the number of attacks has declined, piracy coverage prices have too, said Amanda Holt, a vice-president in the financial ...

  2. News - World - PIRACY

    Somali pirate negotiator gets 12 life sentences in US court

    Posted Aug 15th 2012, 12:00am

    ... sentenced by a US federal judge to serve 12 life sentences. Mohammad Shibin was convicted in April on 15 charges including piracy, hostage taking, kidnapping and conspiracy. He was paid US$30,000 ... of the most heinous acts of piracy in modern memory," US Attorney Neil MacBride said. Pirates commandeered a US yacht carrying Jean and Scott Adam and Phyllis Macay and Bob Riggle in February ...

  3. Bold, or rash?

    Posted Aug 30th 2011, 12:00am

    ... ourselves against piracy in the last few years, and it feels like we are back to square one,' said one Hong Kong shipping executive. 'The pirates are always one step ahead. If they are now ... and prosecute than the jurisdictional nightmare that is modern piracy. Could it be, then, that in their increasing range and audacity, the pirates are sowing the seeds of their own destruction? Any ...

  4. Ransom for Chinese ship 'raising the bar'

    Posted Dec 29th 2009, 12:00am by Staff Reporter

    ... of Chinese naval warships that are part of the international anti-piracy task force. An official with Cosco, which owns the ship through its Qingdao Ocean Shipping subsidiary, said PLA navy doctors ... to seek special piracy insurance to approach the Horn of Africa. That insurance can cost more than US$20,000 per trip- nearly a day's charter for some ships. 'As ransoms go up, we can ...

  5. Ransom ban no solution to the piracy problem

    Posted Mar 02nd 2010, 12:00am by Staff Reporter

    ... supply of young men willing to try their hand at piracy. There is no easy solution. Somalia has not had a meaningful government for more than two decades. Ending the grip of warlords and bringing ...

  6. Beijing role in piracy fight to be applauded

    Posted Feb 02nd 2010, 12:00am by Staff Reporter

    ... The Somali pirates preying on the main shipping routes between Asia and Europe are not easily deterred; the multimillion-dollar ransoms they can get for holding cargo vessels and their crew are far too lucrative for them to be put off simply by the presen ...

  7. Beijing proposes bigger naval role to curb piracy

    Posted Nov 07th 2009, 12:00am by Staff Reporter

    ... Greg Torode China's proposals to strengthen international anti-piracy escort missions around the Horn of Africa would almost certainly demand expanded naval deployments, according ... piracy,' he said. Some 40-odd nations are involved in anti-piracy patrols across more than 5,000 square nautical miles of ocean surrounding the Horn of Africa. The area covers key approaches ...

  8. More transparency would help PLA charm offensive

    Posted Apr 03rd 2011, 12:00am

    ... the better. China's deployment of warships in the international anti-piracy operation to safeguard trade routes in the Gulf of Aden and the Indian Ocean off Somalia has long offered ... is increasingly comfortable about dealing with foreign navies. Indeed, the anti-piracy work has inspired the PLA to foster relationships in the Mediterranean and the Middle East. That has to be good ...

  9. Region is repelling the piracy threat

    Posted May 08th 2009, 12:00am by Richard Halloran

    ... Richard Halloran While piracy rages unabated in the Gulf of Aden and off the coast of Somalia, attacks on the other side of the Indian Ocean in the Malacca Strait and the South China Sea ... Somalia or in the Gulf of Aden in this period. The director of the IMB, Pottengal Mukundan, said the surge of piracy off Somalia was worrisome 'principally because attacks have taken place ...

  10. Military teamwork only answer to piracy

    Posted Nov 19th 2008, 12:00am by Staff Reporter

    ... in the Indian Ocean. There are hundreds of piracy attacks the world over each year, but never before has a vessel so large been taken so far offshore. Unsurprisingly, the alarm has prompted calls ... which pirates operate can the scourge be stamped out. Somalia is a lawless nation without a functioning central government. Piracy is a lucrative business for people struggling for decades ...




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