Piracy off Africa- Cargo's Perspective
Mondaq Business Briefing › United Kingdom Law Articles in English (2011)
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Piracy off Africa- Cargo's Perspective
For pirates off both West and East Africa, the laden tanker has become the most sought after prize. There are two distinct business models and both present challenges to the owners and underwriters of a high value oil cargo. Off Somalia, the south-west monsoon is coming to an end and there are stark warnings from the military that the new piracy "season" is upon us. Activity levels in September matched those of the past two years and despite the best efforts of an under-resourced coalition of naval forces, the pirates continue to run rings around internatio...
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