Piracy ransoms barb insurers despite drop in activity

International piracy activity has fallen to a 21-year low, as
pirates increasingly seek ransoms from the kidnapping of crews
instead of looting cargo, according to the International Maritime
Bureau (IMB).
Data from the IMB's report, published at the end of July,
revealed there were 98 piracy incidents in the first half of 2016,
compared with 134 in the same period last year.
In the first half of 2016, IMB recorded 72 vessels boarded, five
hijackings and a further 12 attempted...