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Somali pirates release vessel after 10 months in captivity August 30, 2011

Posted by Chris Mark in Uncategorized.
Tags: , , , , , ,

A Greece based shipping company has spoken of its distress during a piracy experience following the release of its hijacked tanker after 10 months in captivity.While Paradise Navigation, operators and managers of the 72,825 dwt product tanker MV Polar said it was “delighted” with the freeing, they were frustrated that owners and operators have been unaided against piracy.

While faced with many decisions on how to deal with piracy, ultimately shipping companies need to remain proactive in protecting their interests.  The community can’t afford to wait for intervention by international governments.  The message is loud and clear, this is an industry problem and needs to be dealt with by the industry.


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