Espada Expands its Fleet in Gulf of Aden

Monday, January 18, 2010

Espada Logistics and Security-MENA has acquired five additional armed, fast-patrol vessels for use in the Gulf of Aden due to increased piracy and the growing demand for protection services.

“Our customers have demanded a higher level of predictability when it comes to costs and scheduling, and it became clear that the only way to meet those demands was to acquire additional vessels,” Jim Jorrie, president of Espada Logistics and Security-MENA, said. “The added capacity will also allow us to extend our escort area beyond the Gulf of Aden to now include the East Coast of Africa down as far as Mombasa.”

“Many customers are requiring marine general liability insurance for their escorts; now, with these vessels, we’ll be able to provide the protective coverage they desire.”

(www.espadaservices.com)

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