According to the MarEx Newsletter, last Friday, Somali pirates took over UBT Ocean, a Norwegian chemical tanker off the coast of Madagascar. There was a crew of 21 aboard. It was enroute from Fujairah, UAE to Dar es Salaan, Tanzania. Unfortunately, there has been no contact between Nautictank, the ship's operator, and the ship itself since and hence, the security of the crew and cargo remains in question.
This unfortunate headline continues to place a spotlight on the need to counter such terrorst acts which will be addressed at our forthcoming Energy Terrorism Conference: Countering Threats to Physical Assets and Human Capital on 29-30 June 2010 at the CBI Centre in London.
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