Total cost of piracy: $5.7 billion to $6.1 billion
APRIL 9, 2013 — Even though ransoms paid to Somali pirates fell to an estimated $31.75 million in 2012 – an 80.1 percent decline on the $159.62 million paid the previous year
APRIL 9, 2013 — Even though ransoms paid to Somali pirates fell to an estimated $31.75 million in 2012 – an 80.1 percent decline on the $159.62 million paid the previous year
A maritime security alert has been issued after the Marshall Islands flagged MV Fairchem Bogey was seized early in the morning on August 20, whilst anchored at the Omani port of Salalah.