Security firms deny collusion over ransoms

Steadily rising ransom demands for ships hijacked off Somalia have sparked a round of finger pointing within the security community

Richard Meade - Thursday 2 July 2009

PRIVATE security operators have hit back at suggestions that payments for hijacked vessels are being deliberately manipulated by third-party negotiators and suppliers of kidnap ransom insurance have categorically denied that their policies have sparked a rapid inflation of ransom prices.

Neither side, however, has offered a credible explanation fo...

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