TSXV:AAA.P - Post by User
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Fertimanon Nov 02, 2013 11:39am
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Post# 21870871
Jack Sparrow.... and his cusins....
Jack Sparrow.... and his cusins....Are feeling the heat of the cocean... Despite the jump in West Africa, overall global pirate attacks fell in the period to the lowest level since 2006, helped by a slowdown in attacks by Somali groups. The IMB said there were 188 piracy incidents in the January to September period, down from 233 last year. Hostage-taking had also dropped with 266 people taken this year, compared with 458 in the same period in 2012. Prompted by soaring costs for shippers, including insurance and the safety of their crews, international navies have stepped up pre-emptive action against pirates, such as strikes on bases on the Somali coast. Shipping firms are also using armed guards and measures such as better monitoring and razor wire defenses. "Although the number of attacks is down overall, the threat of attacks remains, particularly in the waters off Somalia and in the Gulf of Guinea. It is vital that ship masters continue to be vigilant as they transit these waters," said IMB director Pottengal Mukundan.