A report originating from Reuters states that United Nations officials are alleging that ransom payments made to Somali pirates are going, at least in part, to Somali militants, raising the possibility that shipping groups and insurance companies making these payments…
Last week I posted on the new Somalia “smart” sanctions and noted that the concerns by the maritime industry that the new sanctions would prohibit ransom payments were unfounded. The industry was concerned that language in the executive order, which…
It is not only birds that return in springtime. Calmer weather on the Indian Ocean guarantees a springtime efflorescence of Somali pirate skiffs and attacks on commercial shipping off the coast of Somalia. Pirates have already grabbed a supertanker (with…