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Piracy and Security
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The move will require owners of ships that are worth more than $100m to buy higher value cover on their first layer of war risk insurance
BV’s commitment to a maritime energy transition coalition is just one of the partnerships the class society has joined as it seeks to advise shipowner clients on the decisions they have to make.
The crew of a Greek-owned tanker have been released after being held hostage for three weeks in the west of Africa
Incidents have been increasing in the area, with three boardings in the Singapore Strait in January so far
West African gangs are extracting $30,000 to $50,000 per kidnapped crew member from insurance companies
The expansion of the unit’s sphere of activity is to guarantee safety of South Koreans and freedom of navigation of vessels, says South Korea’s defence ministry
The crew will be debriefed by the local authorities and then return home to their families
There were 121 seafarer kidnappings in the Gulf of Guinea in 2019, which is an increase of more than 50% compared with 2018
Some 31 incidents were reported in the Singapore Strait last year compared with only seven in the previous year
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