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Pooling resources seems to be a common theme at the moment – so perhaps something good and efficient can come out of a  miserable global economy. This time, the idea is to pool maritime security, according to the Marine Cafe blog. Shipowners – including small operators – are forming a consortium to provide themselves with security services in pirate-infested waters, for which they will pay an annual fee. A practical solution, concludes the blog.

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  • Leon Van Deusen

    February 08, 2013 at 3:42 pm

    Mr. Canning has a sound concept. I hope managers, and owners of shipping companies will take advantage of this concept. It is cost effective and will save all shipping companies money on security and insurance costs.