Anti-piracy firm’s implosion leaves Malta staff in the lurch

Malta staff busy finding vessels willing to take stranded guards in Djibouti, Mauritius, South Africa and the UAE, to other ports for free.

By Matthew Agius

A Malta-based, industry-leading and highly profitable maritime security company – Gulf of Aden Group Transits (GoAGT) – abruptly closed its doors this week and went into administration, leaving hundreds of employees across the globe in the lurch, some literally at sea.

The Seychelles-registered GoAGT and its Maltese company, Maritime Guard Group (MGG) was used by the likes of Shell to provide armed security staff to protect ships and tankers from pirates off the coasts of Somalia.

But despite raking in approximately $1 million every month, hundreds of its security employees have been left scattered at sea, after the tier one, maritime security company ceased trading, while allegedly owing millions in unpaid salaries.

To read the entire article, please click here.

Source: http://www.maltatoday.com.mt

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