Dienstag, 3. Januar 2012

Reduced risk of pirate attacks to cut freight costs

By GITHUA KIHARA
Freight costs and insurance premiums are expected to drop later this year if the decreasing risk of pirate attacks in the Gulf of Aden is sustained.


The reduction in both people held captive for ransom and pirate attacks has been attributed to concerted effort by the international community to make the Indian Ocean safe.


“If the number of successful attacks remains low for the next six months, we expect the freight and cost of insurance to drop,” said

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