Wednesday, September 29, 2010
Insurance firms plan private navy to take on Somali pirates
Posted by Find Insurance Online at 12:20 AMPatrol boats crewed by armed guards to protect valuable ships in Gulf of AdenBy Cahal Milmo, Chief Reporter - Tuesday, 28 September 2010Insurers have drawn up plans for the world’s first private navy to try to turn the tide against Somali pirates who continue to plague the global shipping industry by hijacking vessels for ransoms of more than £100m a year, The Independent has learnt.The new navy
Labels: Africa
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