RT Article
T1 Ship-Owners and the Twenty-First Century Somali Pirate: The Business Ethics of Ransom Payment
JF Journal of business ethics
VO 102
IS 3
SP 507
OP 507
A1 Lansing, Paul
A1 Petersen, Michael
A2 Petersen, Michael
LA English
YR 2011
UL https://ixtheo.de/Record/178564274X
AB 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.
K1 Ethics
K1 Utilitarian
K1 law of the sea
K1 Ransom
K1 Piracy
DO 10.1007/s10551-011-0832-y