UAE hosts global summit on piracy threat
International Conference about piracy threat The Foreign Ministry and DP World are organising an international conference to explore ways to safeguard shipping against the growing threat of Somali piracy.The event, set for April 17 to 19, will bring together foreign dignitaries and industry experts to discuss a "regional response towards a joint approach against maritime piracy", said the state news agency WAM.Sheikh Abdullah bin Zayed, the Minister of Foreign Affairs, extended the first public invitations this week to his Syrian and Lebanese counterparts."Piracy is a growing problem that is having a direct impact on shipping lines and an indirect impact on the supply chain as a whole," said DP World, the third largest ports operator in the world, based in Dubai.The conference comes as the economic and humanitarian cost of piracy has reached record highs. This year, pirates have seized seven vessels and 148 crew members, for a total of 33 vessels and 758 crew members, according to the International Maritime Bureau.The number of captive ships and seafarers is at its highest yet, said Nato representative Cdr Stein Olav Hagalid, speaking on the sidelines of a piracy conference earlier this week. Average ransoms now top US$5 million (Dh18.3m) and average ...
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