Ship-Owners and the Twenty-First Century Somali Pirate: The Business Ethics of Ransom Payment [Book Review]

Journal of Business Ethics 102 (3):507-516 (2011)

Abstract
The attacks on commercial shipping vessels by Somali pirates have introduced a business dilemma for ship-owners. While maritime piracy has been outlawed by the United Nations Convention on the Law of the Sea, ship-owners must determine whether to pay ransom demands to Somali pirates or not. There is no easy answer to solve this ethical dilemma for ship-owners and other interest groups, however, this article proposes a solution which takes into account all of the parties involved
Keywords piracy  ransom  law of the sea  utilitarian  ethics
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DOI 10.1007/s10551-011-0832-y
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