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Piracy

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Shipping losses continue to decline but “perfect storm” of regulation, cost savings and cybersecurity looms: AGCS

June 13, 2017 by Canadian Underwriter

Large shipping losses have declined by 50% over the past decade, but a “perfect storm” of regulation, cost savings and cybersecurity looms, according to Allianz Global Corporate & Specialty’s (AGCS) fifth annual Safety and Shipping Review 2017. The report, released

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Sea kidnappings rise in 2016 despite plummeting global piracy, report says

January 10, 2017 by Canadian Underwriter

More crew members were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, the International Chamber of Commerce’s International Maritime Bureau (IMB) reported on Tuesday. In its

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Piracy down in 2016 Q3, but crew kidnapping persists in some areas: report

October 20, 2016 by Canadian Underwriter

Piracy activity in Southeast Asia and the East Africa and Indian Ocean High Risk Area (HRA) during 2016 Q3 declined compared to Q2, but a high threat of crew kidnapping and hijacking remains in Southeast Asia and West Africa, NYA

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Sea piracy drops to 21-year low in first half of 2016: global report

July 26, 2016 by Canadian Underwriter

Despite a surge in kidnappings off West Africa, piracy and armed robbery at sea has fallen to its lowest levels since 1995, notes a new report issued Monday by the International Chamber of Commerce’s International Maritime Bureau (IMB). There were