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FEATURE - PIRACY - JUNE 2012
The issue of piracy remains a concern for Safmarine with the AP Moller-Maersk Group constantly monitoring the situation in all high-risk areas, including West Africa. 

"The Group regularly updates its policy, procedures and defensive measures based on available civilian and military intelligence as well as best practices recommended by the relevant authorities, maritime and other organisations," explains Safmarine Jonathan Horn.

"While piracy has impacted the shipping business, it is also a threat to important international trade lanes and therefore an international security issue. As such, the matter of piracy needs to be addressed by the international community as a whole, and not only the shipping industry."

And piracy has not only led to higher transportation costs. Insurance premiums have increased and there are also additional costs for shipowners who need to 'harden' their vessels against potential attacks. In addition there's an impact on fuel consumption because vessels have to speed up or sail further to avoid high risk areas. 

"All these costs add to the final cost of doing business with a country, which not only affects the competitiveness of those countries but also impacts the final cost consumers pay for goods which are shipped from one end of the world to the other," says Horn.

 ends 

Information as at June 2012
ASSOCIATED DOWNLOAD FILES
Posted Date Title Size Download
1. 05/Feb/2010 People - Jonathan Horn 2.22 MB
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