InterManager President Warns Against Stopping Ransoms

Press Release
Tuesday, March 20, 2012
Alastair Evitt.

Any move at the government level to ban the payment of ransoms to pirates would have a massively detrimental effect on the risk to the world's seafarers and the global economy, according to Alastair Evitt, Managing Director of Meridian Marine Management, President of InterManager and the newly appointed Chairman of the Save Our Seafarers Campaign.
 
Addressing the opening session of this year's Connecticut Maritime Association (CMA) conference in Stamford, Evitt said that not only would such a ban have an impact on the willingness of any crew to transit high-risk areas, but any owner who then did not pay a ransom for his crew and vessel would be unlikely to ever attract a crew again.
 
Responding to comments coming out of the recent London conference on Somalia where governments called for a move to not pay ransoms to pirates, he said that many vessels would be forced to reroute with a subsequent effect on costs.

"And for those forced to transit pirate areas, insurance premiums would become prohibitive – to say nothing of the fact that, in many cases, vessels would become a total loss after six months,” he said.  
"I, for one, would not sanction one of Meridian's vessels transiting the high risk area – if there was no ultimate solution in the event of a vessel and her crew being held captive."
 
Referring to the future for the seafarer, Evitt said that crew recruitment, retention and development would resurface as a major challenge, as the shipping industry recovers from this recession.


 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Otto Marine's Financial Health on the Mend

Michael See Kian Heng, Group Executive Director of Singapore-based offshore vessel owners & shipbuilders Otto Marine, says that his company reported revenue of US$512.

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

News

KVH Precision Sensors for Geodetics' Inertial Navigation Systems

KVH Industries, Inc.,  a leading manufacturer of high performance fiber optic-based inertial sensors and gyros has entered into a strategic partnership with Geodetics Inc.

Search resumes for missing in S. Korean ferry disaster

South Korean coastguards and navy divers resumed their search on Thursday for nearly 280 people still missing after a ferry capsized in what could be the country's

POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier,

Maritime Safety

Shipowners to Become Liable for Costs of Wreck Removal

Shipowner liability is on the horizon as the Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following the deposit,

Coast Guard Pacific Area Command Changeover

The US Coast Guard informs that Rear Adm. Charles W. Ray will relieve Vice Adm. Paul F. Zukunft  (US Coast Guard Commander designate) as Commander, Coast Guard

KVH Precision Sensors for Geodetics' Inertial Navigation Systems

KVH Industries, Inc.,  a leading manufacturer of high performance fiber optic-based inertial sensors and gyros has entered into a strategic partnership with Geodetics Inc.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3628 sec (3 req/sec)