Piracy Forces End to Blue Water Rallies

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Blue Water Rallies Ltd. will go out of business at the end of April, while its ongoing rally has gone aground in the Gulf of Aden following the recent deaths of the crew of a participating U.S. yacht at the hands of pirates, according to the company. The current rally will be concluded with the boats being transported to Turkey as cargo aboard commercial vessels, concluding the company’s eighth rally since its formation in 1997. A spokesperson mentioned the world economic situation and serious piracy issues in the Indian Ocean as factors in its decision to stop trading.

By Ocean Navigator