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Hi. I am a shipping company director, transport academic, author, family man and all round nice guy. I have worked as shipbroker, shipowner, freight trader and bulk charterer, in senior positions, with some of the largest and most disrespected (joke) companies in the world. Ask my advice on all things shipping and you will receive my blunt and always honest answer. Hang around to learn more about chartering and ship broker salaries, chartering and ship broker jobs, chartering and shipbroker recruitment agencies, cheap freight, maritime education, chartering and ship broker qualifications, become a ship broker, tips on how to be a successful bulk shipping executive, philosophy, Zen and the art of shipbroking, and much more. Yours The Virtual Shipbroker (recently proclaimed the guru of shipbroking) Copyright © 2009-17 by Virtualshipbroker

Friday, January 22, 2010

Pirates (from a shipowners perspective)

We have a new poster Jebus who is a shipowner and is giving excellent feedback on lots of topics.

I thought I would bump his answer with regards to a previous 'pirate thread'.


As a shipowner, whenever I'm asked to quote a for a trade which involves passing through the Gulf of Aden, or Somalian Coasts, I always demand that firstly, the War Risk Premium to be covered by Charterers and secondly, the Ransom and Kidnapping Cover to be at least splitted 50/50 between owners and/or Charterers (if not entirely).

Both these premiums depend of type of vessel, size, freeboard, Hull and Machinary insurance value etc).
Due to the high constant risk in the area, all vessel's which are passing the GOA, have the option to register themselves with Nato and other military organisations which are operating from Dubai and/or London and covering the vessel's movements in the area. In this way, you can always use the safe convoys for transiting specific corridors.

Nice one Jebus!

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