Where is the hostage risk most rampant?
Somalia, the Malacca Straits and Indonesian waters. There’s a difference in Indonesian waters and the Malacca Striats, the people whom they seize are mostly local — from Indonesia, Malaysia or the Philippines. In Somalia, they will capture any crew that is passing by. What has been the response of the Indonesian government, because as opposed to Somalia, there is a functioning government there? In some circles they refuse to agree that there is a problem. They see it as petty theft but in general there is more awareness and recognition of the problem and they are carrying out various initiatives. There are joint patrols between Indonesia, Singapore and Malaysia. So there are those initiatives being launched. Do you see security being beefed up in that area? Yes, that’s right. In fact the Joint War Committee of Lloyd’s Market Association of London underwriters recommended a war risk premium for the Malacca Straits. That has certainly upset the countries in the area and they have enhanc
