4.3.10

AL NISR AL SAUDI: hijackers demanding $20 million





Muneer Ahmed M. Yunus, a spokesman of the Jeddah-based International Bunkering Co., which owns and operates the tanker, said the company “lost communication with the vessel on Monday.”
Name of Ship : AL NISR AL SAUDI
Classification No. : 930215
IMO No. : 9058696
Official No. : SA 2274
Signal Letters : HZIH
Flag : Saudi Arabian
Port of Registry : Jeddah
Former Name of Ship 1 : KORYO MARU

Registered Owner: MOHAMED KAMAL MOHAMED ORRI

Management Company : INTERNATIONAL BUNKERING COMPANY LIMITED
Manager Koyo Kaiun
The decision to send its coastal tankers abroad was an attempt to solve a long-standing problem of coping with a seasonal slump in demand for the coastal tankers in summer. In Apr. 2006, the company started West Coast India/Pakistan and Middle East Trading as tramp service which was taken over from Tokyo office to pursue business efficiency. The number of vessels in the Singapore fleet has now grown to 11.

2 comments:

Afsal Khan said...

Of all the ships paid ransom, what was the source bank, how many banks the payment crossed.

It is the transaction from the source to the destination bank that counts, if they want to tackle piracy. The end doesnt count.

kokstad said...

The P & I Club/ insurance pays, usually. The cash is dropped in plastic to the pirates. This is quickly spent in 'arms length' 'good faith' transactions for homes, etc. Eventually, it will end up in bank accounts with 'no connection' to piracy. The Club pays intermediaries fees to carry out negotiations and traditionally they are not prosecuted for fear of drying up contacts.