Middle-Man Negotiates Pirate Ransoms

Friday, May 14, 2010

According to a May 13 report from the Associated Press, a Somali “pirate middle-man” said he's made hundreds of thousands of dollars brokering deals to free ships and their cargos after pirates attack. The 32-year-old Somali, who would be identified only by his alias, Abdi Sheik, said he helped gain the release earlier this year of a supertanker carrying an estimated $150m of crude oil. He claims to have successfully negotiated the release of an arms-laden Ukrainian ship and the 20 sailors onboard. Details of his accounts of being a middle-man could not be entirely verified, but Sheik had previously provided AP with reliable inside information about hijacked ships and a business associate confirmed his involvement in ransom negotiations. Somali pirates have collected far more than $100m in the last several years. The International Maritime Bureau said sea attacks worldwide surged 39 percent in 2009 to 406 cases, the highest in six years.

(Source: Associated Press)

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

Fincantieri to Supply Four OPVs to the Bangladesh Coast Guard

Fincantieri has been awarded the contract with the Bangladesh Coast Guard (BCG) for the supply of four Italian Navy “Minerva” class corvettes to be upgraded and

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Saab Bags $1 bln Order for Swedish Submarines

The Swedish Defence Materiel Administration (FMV) has awarded contracts worth Skr8.6bn ($1.03bn) to Saab AB for the construction of two new Type A26 submarines

News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
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: 0.1369 sec (7 req/sec)