Cowboy Concerns

BIMCO plans to introduce an armed-guard contract as fears grow that scores of second-rate companies are jumping on the piracy bandwagon.

Giles Noakes, BIMCO’s chief maritime-security officer, says the new contract is to protect the interests of shipowners using privately contracted armed security personnel.

Speaking on armed guards he says, “growth is exponential and there are a large number of cowboys out there”.

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