'Board'에 해당되는 글 3건

  1. 2009.04.09 U.S. Crew Members Retake Ship Seized by Somali Pirates by CEOinIRVINE
  2. 2008.12.11 Yahoo investor urges search unit sale to Microsoft by CEOinIRVINE
  3. 2008.11.26 Shipping Woes: More Than Just Pirates by CEOinIRVINE
Somali pirates hijack a U.S.-flagged cargo ship with 20 American crew members onboard, the first time pirates have seized a ship here with Americans.

NAIROBI, April 8 -- The crew of a U.S.-operated container ship that was hijacked by Somali pirates Wednesday has retaken control of the vessel, U.S. officials and the father of one of the American crew members said.

One pirate was reported to be under the control of the crew. The status of the other pirates was not immediately known, but a U.S. official said they were reported to be "in the water," the Associated Press reported.

The chief executive of the company that owns the container ship told a news conference in Norfolk, Va., that he could neither confirm nor deny the retaking of the 17,000-ton Maersk Alabama.

"Speculation is a dangerous thing when you're in a fluid environment," John Reinhart, CEO of Maersk Line Ltd., told reporters. "I will not confirm that the crew has overtaken this ship."

But Capt. Joseph Murphy, an instructor at the Massachusetts Maritime Academy, told AP that his son Shane, the second in command on the ship, had called him to say the crew had regained control.

"The crew is back in control of the ship," a U.S. official said at midday Eastern time, AP reported. "It's reported that one pirate is on board under crew control -- the other three were trying to flee," the official said. The status of the other pirates was unknown, the official said, but they were reported to "be in the water."

Somali pirates seized the U.S.-operated container ship Wednesday with 20 American crew members on board, the latest in a spate of pirate attacks that have drawn an international flotilla of naval vessels to the waters off Somalia's coast.

A U.S. Navy spokeswoman, Cmdr. Jane Campbell, confirmed the attack on the Maersk Alabama, which was carrying food aid. She said it was the first seizure in recent memory of a U.S.-operated ship.

Campbell also noted that the pirates, who have been operating a multimillion-dollar shakedown business mostly in the crowded shipping lanes in the Gulf of Aden, seem to be moving south to the less-controlled, open sea off Somalia's vast coast -- a shoreline roughly the length of the East Coast of the United States.

The Maersk Alabama was seized 500 miles south of the Gulf of Aden transit routes where most of the 20 or so naval vessels are patrolling, Campbell said. The nearest navy ship was about 300 miles away.

"It's an incredibly vast area, and basically we're seeing pirates in more than a million-square-mile operating area," said Campbell, a spokeswoman for the U.S. Navy's 5th Fleet, based in Bahrain. "So while the presence of naval vessels has had an effect, we continue to say that naval presence alone will never be a total solution. It starts ashore."

That shore belongs to Somalia, where a newly elected transitional government is struggling to contain an Islamist insurgency with ties to al-Qaeda. Somalia's three main pirate networks are controlled by clan-based militias, which have so far remained separate from the Islamist insurgent group known as al-Shabab.

According to a businessman based in the Somali capital of Mogadishu who is in contact with the pirates who attacked the ship, the pirates did not know that the crew was American. The businessman spoke on the condition of anonymity for security reasons.

The Maersk Alabama is owned and operated by Maersk Line Ltd., which is based in Norfolk and part of the Copenhagen-headquartered A.P. Moller Maersk Group, according to a statement on the company's Web site.

It was the sixth ship to be seized in the past week, said Andrew Mwangura, coordinator for the East African Seafarer's Assistance Program based in Mombasa, Kenya, where the Maersk Alabama was headed.

Mwangura said the attack marks a rise in a piracy problem that cost companies $150 million in ransom last year. The attacks had been stemmed in recent months by patrolling navy ships sent from the United States, Russia, China, Turkey and Pakistan, among other nations.

There are now 18 ships being held by Somali pirates, a wily bunch who deploy a high- and low-tech arsenal of satellite phones, rocket-propelled grenades and wooden ladders to take over the massive container ships. Although there is no word yet on the fate of the Maersk Alabama crew, the pirates usually take sailors onto shore and begin negotiating hefty ransoms that fund lavish lifestyles centered in Somalia's pirate capital of Eyl, along the coast.

Campbell said that despite the deployment of heavily armed ships to combat piracy, at least three shipping companies have managed to fend off pirates recently using relatively low-tech methods.

One simply zigzagged, outmaneuvering the pirates, who typically attack in 15-foot skiffs. Another used flares and a water hose. The third one: old-fashioned barbed wire.

"These boats are usually armed to the teeth with RPGs and automatic weapons, but the method of boarding is literally tilting a ladder and climbing," she said. "In this case, when they got to the top of the ladder, the barbed wire was there."

Maritime officials reported that the pirate attack on the Maersk Alabama began late at night and lasted about five hours. Up to three pirate skiffs were said to be involved. The container ship's crew tried to take evasive action before the pirates eventually were able to board it.

Piracy experts attribute the recent surge in successful hijackings largely to an improvement in the weather in recent weeks.




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One of Yahoo Inc.'s largest shareholders, Ivory Investment Management LP, is urging the Internet company to pursue a sale of its search unit to Microsoft.

In a letter to the company's board, the investment firm proposed a deal Wednesday in which Microsoft (nasdaq: MSFT - news - people ) would acquire Yahoo (nasdaq: YHOO - news - people )'s search engine and Yahoo would retain 80 percent of revenue generated by search queries on its own site.

Ivory said Yahoo could get about $15 billion from Microsoft for the search platform alone, a deal it said would give shareholders a value of $24 to $29 per share, or more than double Yahoo stock's closing share price Tuesday of $12.19.

Yahoo shares rose 62 cents, 5.1 percent, to $12.81 in morning trading Wednesday.

Yahoo Chief Executive Jerry Yang said recently that he would resign, a response to shareholder discontent that brewed after Yahoo rebuffed a $47.5 billion takeover offer from Microsoft for the entire company. Before stepping down, Yang said he was still open to some kind of a deal with Microsoft, after antitrust concerns sank Yahoo's planned advertising partnership with Google Inc. (nasdaq: GOOG - news - people )

Microsoft CEO Steve Ballmer has said a takeover of Yahoo is off the table but has expressed interest in the company's search business.

In the letter Wednesday, Ivory took Yahoo's board to task for not seeking a deal with Microsoft more aggressively and accused the company of ignoring shareholder interests. The firm holds 21.4 million, or about 1.5 percent, of Yahoo's shares.

Posted by CEOinIRVINE
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As Somali pirates hold captive the Sirius Star, a Saudi ship with almost $100 million in oil on board, and Indian, British, Russian, and German ships battle pirates up and down the Gulf of Aden, one might imagine that the battle against piracy (BusinessWeek.com, 11/18/08) is the largest crisis faced by the merchant navy industry.

After all, since January of this year, some 580 crew members have been held hostage, according to data collected by the International Maritime Bureau, and many millions of dollars have been paid in ransom. Insurance rates are up, ships are trying to avoid the Suez Canal (which ships get to via the Gulf of Aden, along the coastlines of Somalia and Yemen), and crews from India to Britain are refusing to board ships that pass through that zone. "This sort of thing can't be shut down immediately," says an aide to Indian President Pratibha Patil, who advises her on naval affairs. India's navy has fought at least three different pirate groups in the last week. "To some extent, the world's navies have to flex their muscles, and that takes time."

But what's missing in the news reports about the modern-day pirates and the political repercussions is a simpler fact: The world's shipping industry is already on its knees and has spent the past six months in a slow-motion collapse kicked off by the . And the pirates, it would seem, are the least of the problem. Just six months ago, despite the fact that the economy in the U.S. was already slowing down, the industry was steaming ahead. As ships of every flag, color, and size were crossing oceans, carrying in their often cavernous cargo bays the essentials of trade—oil, steel, cement, iron ore, and coal—shipping rates worldwide in June hit their highest peak ever. It cost nearly $234,000 a day to rent one of those large capesize vessels, the ones so big that they don't even fit through the Suez Canal.

Last week, you and your friends could have rented one of those ships for a weekend bachelor party and football game for less than $4,000, according to data collected by the London-based Baltic Exchange.

Low Shipping Costs

What happened? And what does it mean for the world economy? Not good news. Let's start with shipping rates. They are the lowest they have been in six years, as measured by a relatively obscure indicator called the Baltic Dry Index. The index, which measures the cost of shipping most commodities other than oil, has been in free fall since the middle of the year, down 93% from its peak of 11,793 in May 2008. As a result, daily rates for chartering a merchant ship are still down by as much as 98% from just six months ago.

With shipping rates so low, the first casualties, not surprisingly, are shippers. Stocks for companies that construct ships and operate container carriers have languished. For instance, Singapore-based Neptune Orient, the largest shipping carrier in Southeast Asia, on Nov. 19 announced it was cutting nearly 1,000 jobs, or 10% of its workforce. All of the lost jobs are in the U.S. and Canada.

Not too many people pay attention to the BDI other than shippers, but economists trying to read the tea leaves of global trade see it as a solid leading indicator of whether the world's economy is headed up or down. There's a good reason for that: A ship leaves from somewhere in the world with a cargo load of iron ore, cement, or coal, heading most likely for China, India, Western Europe, or the Americas; two months later, when the ship finally docks, that cargo gets used for roads, dams, cars, buildings, airplanes, anything that generates economic activity. As global trade hums along, the index gains, because the number of ships in the world is pretty steady at about 22,000, so increasing demand increases shipping costs.

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