Executive Briefings

Top Ocean Carriers Take United Stance to Combat Piracy in Indian Ocean, Gulf of Aden

The world's top three ocean container lines based on operating capacity -- Maersk Line, Mediterranean Shipping Co. and CMA CGM -- said they have established a partnership to deal with piracy in the Gulf of Aden and the Indian Ocean.

The move comes in the wake of increased attacks in the region by Somali-based pirates. There are 16 ships and 354 crew members being held hostage for ransom in Somali waters.

Cooperation between the three liner companies will involve exchanging information on safety measures, piracy policies and procedures, and coordinating communication with other private sector parties and governments.

"Our first and foremost concern is the safety and security of our crews. Piracy continues to be a problem for the shipping industry and if we want to address it effectively, we as ship owners must cooperate," the shipping lines said in a joint statement.

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The world's top three ocean container lines based on operating capacity -- Maersk Line, Mediterranean Shipping Co. and CMA CGM -- said they have established a partnership to deal with piracy in the Gulf of Aden and the Indian Ocean.

The move comes in the wake of increased attacks in the region by Somali-based pirates. There are 16 ships and 354 crew members being held hostage for ransom in Somali waters.

Cooperation between the three liner companies will involve exchanging information on safety measures, piracy policies and procedures, and coordinating communication with other private sector parties and governments.

"Our first and foremost concern is the safety and security of our crews. Piracy continues to be a problem for the shipping industry and if we want to address it effectively, we as ship owners must cooperate," the shipping lines said in a joint statement.

Read Full Article