Summit Notebook

Exclusive outtakes from industry leaders

AUDIO-Pirate Avoidance 101

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The best way to avoid pirates on the open seas? Outrun them, said Seaspan CEO Gerry Wang, speaking to the Reuters Manufacturing and Transportation Summit on Tuesday.

Somali pirates have wrought havoc in recent years, but Wang, who runs container shipper Seaspan, said his ships were too fast and too tall to attract their attention.

While the pirate’s speedboats are thought to top out at 22 knots, Wang said his boats generally speed through the areas patrolled by pirates much faster than that — at speeds of around 29 knots.

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