TITLE

Costs of dealing with Horn of Africa piracy to spiral

AUTHOR(S)
WATTS, MARK
PUB. DATE
June 2012
SOURCE
MEED: Middle East Economic Digest;6/1/2012, Vol. 56 Issue 22, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that with a growing number of piracy incidents off the Horn of Africa, the overall cost of handling piracy has increased as shipowners are forced to re-route their vessels, the ransom price for captured ships goes up, and capacity shortage for cargo ships becomes prevalent.
ACCESSION #
76579908

 

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