Piracy in Somali Basin Surges

May 17, 2010

According to a May 14 report from the Xinhua News Agency, The European Union (EU) naval force protecting shipping off Somalia said that the number of pirate ships operating between the Seychelles and the Somali coast has skyrocketed in the last three months. The EU force, along with NATO and others, has interrupted and dismantled over 60 pirate groups and processed roughly 400 suspected pirates in the last 12 weeks alone -- three times the number of piracy groups recorded last year according to an EU NAVFOR official.

(Source: Xinhua News Agency)

Logistics News

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

Gulf Shipping Costs Fall After Israel-Iran Ceasefire

US Goods Trade Deficit Increased in May, Exports Declined

US Goods Trade Deficit Increased in May, Exports Declined

Subscribe for Maritime Logistics Professional E‑News

Czech billionaire Kretinsky appointed Royal Mail chairman
German industry leaders to meet with EU sector chiefs on sector challenges
INDIA RUPEE - Rupee's appreciation is capped by dollar offers from state-run and foreign banks