Ransoms Drop

Ransom payments paid by shipping companies to Somali pirates have reached nearly $110 million this year — a 37 per cent jump in two years — despite the increasing success of international naval forces in preventing pirate attacks.

According to Rear Admiral Christian Canova of EUNAVFOR there were only 10 ships and 247 seafarers being held hostage in mid October compared with double the number of vessels a year ago.


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