Hell, you know what that means when the insurance companies start jumping all over this? They are reading the Tea Leaves and getting the picture that security contractors or ‘marine contractors’ on boats, armed with the necessary tools and skills to defeat these thugs, are the way to go.
I also want to commend Zack Phillips for writing such a well researched little article. There is a lot of meat in this thing, and I highly recommend checking out some of the maritime security companies he mentioned. You might be able to get a job with them, by doing a little Google Fu. –Matt
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Pirate attacks trigger armed guard coverage
Programs protect shipowners against increased liability risk
Dec. 13, 2009
Zack Phillips
Insurers and brokers have begun to offer products that cover or facilitate the use of armed security guards onboard ships to defend against piracy.
But despite the persistence of pirate attacks, the shipping industry remains largely reluctant to put firearms on vessels, observers say.
Shipowners and their underwriters typically have been wary of arming merchant ships, due to a host of potential legal, logistical and safety problems. But in recent months, as pirates off the coast of Somalia have hijacked several ships and attacked scores of others, some insurance products have emerged that would cover the use of armed security personnel to ward off pirates.
“The attitude has changed but they never had this type of scenario before,” said Lars Gustafson, a New York-based senior vp at Marsh Inc.
Despite an international flotilla of naval ships shepherding merchant ships through safe-travel corridors, pirates off the coast of Somalia have hijacked 31 ships in 2009 and attacked 172, compared with 42 hijackings and 111 attacks in 2008, according to figures from the International Maritime Bureau’s Piracy Reporting Center in Kuala Lumpur, Malaysia.
Senior officers in the U.S. and British navies separately have encouraged ship owners to consider the use of armed security personnel on board. The Danish shipping giant Clipper Group announced in November it was carrying up to six Russian marines aboard some of its ships transiting the Gulf of Aden near Somalia.