Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Millionaire’s Private Navy to Battle Somali Pirates, Times Says

Jan. 6 (Bloomberg) -- A private navy founded by companies led by Glencore International Plc will protect its first convoy of oil tankers and bulk carriers from Somali pirates in the Indian Ocean in late March or April, the Sunday Times reported, citing an interview with Glencore Chairman Simon Murray.

Typhon, a venture formed by a group of U.K. businessmen led by Murray, will recruit 240 former marines and sailors for its navy, the London-based newspaper reported.

The force was set up because the U.K.’s Royal Navy, NATO and the European Union Naval Force don’t have enough vessels to patrol the area, the Sunday Times said.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.