Middle-Man Negotiates Pirate Ransoms

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)

Logistics News

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

JS Alliance Successfully Completes Indian Liquid Cargo Berth

JS Alliance Successfully Completes Indian Liquid Cargo Berth

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

Heritage Capital Group Appoints Jamie McCurry as Industry Specialist

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

CMA CGM, Asyad Plan $400m Terminal at Sohar Port

Subscribe for Maritime Logistics Professional E‑News

Shipping firms claim that US retailers are putting China on the front burner for holiday orders.
JetBlue Flight Hit Drone While Approaching JFK Airport, FAA Says
JetBlue Flight Hit Drone While Approaching JFK Airport, FAA Says