Tag: ransom

  • MV Panama Freed

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    Somali pirates have freed the Liberian-flagged container ship “MV Panama” seized last December after receiving a $7 million ransom on Tuesday. The vessel was hijacked en route from Tanzania to […]

  • Stock Rotation

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    According to media reports the Greek bulk carrier “MV Dover” could soon be released from pirate control. The vessel was hijacked off Oman in February, with 23 crew onboard. If […]

  • Ransom Demand

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    The opposition party in Georgia has demanded the creation of  “presidential fund” to allocate $1 million for the payment of a ransom in order to release Georgian sailors captured by […]

  • Criminals Act

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    A $3.6 million ransom seized in Somalia in May was destined for a pirate boss subject to U.S. sanctions. This is seen as an illustration of how a criminal enterprise […]

  • Compensation Claim

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    It seems that there is no end to the sheer audacity of Somali pirates. A group currently holding South Korean seafarers hostage are demanding the release of pirates held by […]

  • Held To Ransom

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    The future of ransom payments remains uncertain at the moment given the surprisign recent response by the Somali authorities. According to the head of the Transitional Federal Government’s Anti-Piracy Task […]

  • Susan K Freed

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    Somali pirates have freed a German-owned cargo ship, seized in April, after they received a ransom. According to independent sources the Antigua and Barbuda-flagged “Susan K”, and with its crew of […]

  • Looking Ahead

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    Andrew J. Shapiro, US Assistant Secretary, Bureau of Political-Military Affairs has provided testimony on “Confronting Global Piracy” before the Subcommittee on Terrorism, Nonproliferation and Trade of the House Foreign Affairs Committee […]

  • Tanker Targets

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    Somali pirates, driven north by monsoon rains, will probably attack more tankers navigating the Strait of Hormuz. The strait handles 17 percent of the global trade in oil, according to […]

  • Government Cash

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    The $3.6 million ransom intercepted at Mogadishu airport two weeks ago is believed to now have been forfeited to the Somali government. The head of the Somalia Anti-Piracy Task Force, […]

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