The Maran Centaurus was hijacked Nov. 29 about 800 miles (1,300 kilometers) off the Somali coast. It was carrying about 2 million barrels of crude oil from Saudi Arabia destined for the United States, estimated to be worth roughly $150 million at the time of the attack.
U.S. ships and those of other western countries are - and have long been - registered in Panama and Liberia expressly to escape the reach of maratime (seafarer) unions and environmental regulators. ...
Risking the route
There are over 22,000 transits through the Gulf of Aden every year. But, as Mr Townsend points out, without piracy insurance shipowners and charterers risk incurring significant costs with no recourse.
“The only alternative shipowners and charterers have is to avoid the Gulf of Aden and transit around the Cape,” he says. “The additional cost of that 10-12 day detour with extra fuel and wages can be as much as $2m.”
Importantly, Aon’s cover is triggered from day one of the attack with nil deductible. The insurance is available worldwide, to cover other piracy hotspots, and is written on a voyage basis.
it's a simply risk/reward calculation imo .
The answer is to let no hijacked owner put their ships into our waters until they have paid a fine to the UN.... $10 mil per hijacking should do the trick. If we can get the eu and japan to go along with us it should work.
I can well imagine George that an officer on a big ship would easily become habituated by the institutional necessities of successful organisation, continually practiced and symbolised, being served at table from the left, say, or having egg on his cap, to feeling a superior person to a grease monkey in the engine room and, as such, entitled to certain considerations which Jesus would have frowned upon.