This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

High Seas Security Loophole Must Be Tightened

NEW YORK, July 7, 2013 /PRNewswire/ --

All high seas vessels should be identifiable and trackable, says Global Ocean Commission

All vessels on the high seas should carry identification numbers and be trackable using satellite or other technology, says the Global Ocean Commission, an independent high-level initiative on the future of the ocean.

Currently, passenger ships and large merchant vessels have to carry unique and unchangeable International Maritime Organization (IMO) numbers, and to operate equipment allowing real-time tracking.

But other craft on the high seas - the international waters that make up nearly half of the planet's surface - do not. The UN has previously noted that this facilitates trafficking of people, drugs and weapons, and illegal fishing.

'In the 21 st Century, when governments are doing so much to make their borders and their citizens secure, it seems extraordinary that they've left a loophole big enough to sail a trawler full of explosives through,' said former Costa Rican President José María Figueres, who jointly chairs the Global Ocean Commission with Trevor Manuel, Minister in the South African Presidency and David Miliband, the former UK Foreign Secretary and incoming President of the International Rescue Committee.

'There are details to be worked through, such as the cost of tracking systems, although from evidence we've heard so far we don't think that will be an obstacle.

'But in principle, for the security of citizens around the world, it seems clear that it's time to close the loophole.'

Following the Mumbai bombing in 2008, which used a fishing vessel hijacked on the high seas, Indian authorities made tracking equipment mandatory on fishing vessels and other craft in their national waters. Many other countries are also implementing its use.

'The security of our nation remains a top priority' said Commissioner John Podesta, chair of the Center for American Progress in Washington DC.

'Mandating IMO numbers and tracking gear on all high seas fishing vessels is a simple change that could be made at minimal cost, and that would close a potentially important security loophole.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 0.00%
FB $117.43 0.00%
GOOG $692.36 0.00%
TSLA $232.32 0.00%
YHOO $36.01 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs