Financial Times FT.com

Piracy blows ships off Somali course

By Robert Wright in London

Published: November 12 2008 00:48 | Last updated: November 12 2008 00:48

Growing numbers of shipowners are so concerned about the threat of piracy off the coast of Somalia that they are lengthening voyages by as much as three weeks to avoid the area.

Svitzer, the world’s largest tug operator, last week became the first shipowner to admit publicly that it was sending vessels that needed to move between Europe and Asia via the Cape of Good Hope route rather than the Suez Canal.

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