Our friends at Solace Global Maritime carry the following report:
A Report from Fairplay magazine suggests that premium and freight rates could fall over the next few months as the number of successful pirate hijackings continues to drop.
Shipping lawyer Doug Burnett, a partner at New York firm Squire & Dempsey, predicted that insurance rates would drop for vessels carrying armed guards. The specialist lawyer, who specialises in piracy cases, commented that if shipping companies were
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