Tag: piracy

Pirate Attacks Hit All-time High | First Quarter 2011

Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report revealed. The IMB said the “sharp rise was driven…

Piracy Update: EU Council Regulation 356/2010 reinforcing US Executive Order concerning Somalia

Not too long after the US Executive Order blocking property of certain persons contributing to the conflict in Somalia was issued, EU have on the 28th April released their EU Council regulation 356/2010 with almost similar objective. The best job…

Piracy update – Effect of US Executive Order on ransom payment

What impact will the new US Executive Order have on piracy in Somalia? (Adapted from an article written on May, 5 by Jai Sharma, director of Casualty & GA Department, Dolphin Maritime and Aviation Services Ltd) In spite of attempts…

Piracy-ransom payments not contrary to public policy and recoverable!

piracy affecting marine insurance

The subject of piracy has been the subject of much debate given the numerous hijackings off Somalia and elsewhere over the last 18 months or so.     As far as we are aware, none of these cases have resulted…