The bonus will be equal to their basic wage. The company said 65 of its vessels transit the Gulf of Aden each month, most on Asia-Europe routes. The container vessels have a capacity of 4,000 to 11,000 TEUs and average 24 knots of speed. Vessels with these types of characteristics have been largely immune from pirate attacks.
CMA CGM was under pressure from seafarer’s unions to provide double pay or face work stoppages at ports around the world.
In other news, pirates have released a Yemeni cargo ship without receiving a ransom after negotiations with local elders, a provincial Somali official said Wednesday, according to CNN.
It was not immediately known how much ransom the pirates had demanded. Hijackers let the ship go after village elders in Eyl intervened and negotiated for the crew members' release.
Meanwhile, NATO foreign ministers discussed the piracy situation at a meeting in Brussels. Ministers agreed on the need for the United Nations Security Council to develop a much more comprehensive international approach to the situation. A multinational fleet has been patrolling the Indian Ocean and the Gulf of Aden, but has had limited effect in stopping pirate attacks. NATO patrols are intended to protect UN World Food Program cargo vessels. ' Eric Kulisch
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now