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Somali piracy takes “alarming turn”

From Insurance Daily
Sunday, 8th May 2011 8:58 am

Somali piracy has taken an “alarming turn” since the beginning of the year, becoming more “prevalent, lucrative and violent”. According to Special Contingency Risks and Maritime & Underwater Security Consultants (MUSC), an estimated $65 million was paid in ransoms in the first quarter of 2011, compared with around $39 million in the same period of [...]

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