Saturday, April 16, 2011

Piracy Risk Surcharge - going up!


The Japanese disaster, the Libyan conflict and now piracy! The global supply chain cannot seem to catch a break this year.

“Figures for piracy and armed robbery at sea in the past three months are higher than we’ve ever recorded in the first quarter of any past” said Pottengal Mukundan, Director of International Maritime Bureau (IMB).
In the first quarter of 2011, 18 vessels were hijacked, 344 crew members were taken hostage, and 6 were kidnapped. A further 45 vessels were boarded, and 45 more reported being fired upon. (Source: IMB).

The majority of these being Somali pirates in and around the Arabian Sea and the Gulf of Aden. At last count, on the 31st of March, IMB figures showed that Somali pirates were holding captive 596 crew members on 28 ships.

To this end, Maersk Line, announced that piracy risk surcharges imposed earlier on containers moving between the Indian subcontinent, the Middle East, Europe and Central/South America, will be increased starting May 1st 2011.

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