Ship-Owners and the Twenty-First Century Somali Pirate: The Business Ethics of Ransom Payment
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...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2011
|
| In: |
Journal of business ethics
Year: 2011, Volume: 102, Issue: 3, Pages: 507 |
| Further subjects: | B
Ethics
B law of the sea B Ransom B Utilitarian B Piracy |
| Online Access: |
Volltext (lizenzpflichtig) |
| Summary: | 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. |
|---|---|
| ISSN: | 1573-0697 |
| Contains: | Enthalten in: Journal of business ethics
|
| Persistent identifiers: | DOI: 10.1007/s10551-011-0832-y |