English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Somali pirates hold 50 hostages

PRESS RELEASE

May 08, 2014: Oceans Beyond Piracy (OBP), a project of One Earth Future Foundation, is launching the fourth installment of its annual reports detailing the economic and human costs of African maritime piracy. The study titled "The State of Maritime Piracy 2013" examines the costs incurred as a result of piracy occurring off the coast of Somalia, as well as in the Gulf of Guinea.

The study finds that attacks by Somali pirates are increasingly rare, and that, at between $3 billion to 3.2 billion, the overall economic costs of Somali piracy are down almost 50 percent from 2012. However, at least 50 hostages remain in captivity, held on average for nearly three years under deplorable conditions.

somali piratesRegarding Africa's West Coast, this report is the first comprehensive attempt by any organization to quantify the total economic cost of maritime piracy in that region. Piracy in the Gulf of Guinea remained a significant danger in 2013, says the report, with levels perpetuated by a lack of open reporting and a lack of coordinated effort among stakeholders.

"The efforts of the international community and the shipping industry have considerably reduced the threat of Somali piracy," says Jens Madsen, one of the report's authors. "But we have yet to achieve the goal of 'Zero/Zero' – zero vessels captured and zero hostages held," he adds. The study finds that while the combined economic costs of suppressing Somali piracy are markedly down, there has only been a slight increase in the investment in long-term solutions ashore. Research also shows that the shipping industry increasingly relies on individualized risk mitigation, observed in the decreased use of some of the more expensive anti-piracy measures such as increased speed and re-routing. Shippers are also turning to smaller and less expensive teams of armed guards as the perceived risk of piracy is declining.

While attacks by Somali pirates have declined sharply, with no large vessels taken in 2013, there are still, however, at least 50 hostages in captivity, who have been held on average for nearly three years under deplorable conditions. At the same time, regional and local seafarers and fishermen in the region remain at high risk as pirates continue to target locally operated vessels to facilitate larger attacks.

Turning to maritime piracy off Africa's west coast, the study finds that a critical lack of reporting on both the piracy and maritime crime here makes analysis difficult. "Piracy in the Gulf of Guinea is fundamentally different to that taking place in the Indian Ocean," says Mr. Madsen. "We observe not only a high degree of violence in the attacks in this region, but also the lack of a mutually trusted reporting architecture and the constantly evolving tactics of West African piracy makes it extremely difficult to isolate it from other elements of organized maritime crime."

The report notes it is generally agreed the solution to piracy ultimately lies in building up capacity onshore, but it stresses that relatively little investment has been made towards sustainable solutions. "While I am encouraged that more money is being spent on longer-term solutions ashore, these still only represent the equivalent of 11⁄2 percent of the total annual cost of the piracy," says Marcel Arsenault, Chairman of One Earth Future Foundation. "Until we have more economic opportunity and better governance ashore, we risk piracy returning to previous levels as soon as the navies and guards have gone home."

More News

Written on 18/02/2018, 00:45
air-france-klm-keep-a-hand-in-shaping-the-gameAMSTELVEEN/PARIS: February 16, 2018. The Air France KLM Group has reported a 6.8 percent rise in Q4 2017 cargo revenue to €583 million and €2.087 billion...
Written on 16/02/2018, 21:46
swiss-tv-goes-live-in-south-korea-with-natcoZURICH/ PYEONGCHANG, South Korea: February 16, 2018. Project logistics specialist Natco AG, part of the British TransGlobal Group, has delivered all the...
Written on 15/02/2018, 18:15
ryder-opens-u-s-mexico-border-facilityMIAMI: February 14, 2018. Ryder System has opened a 109,000 sq.ft. logistics facility in Laredo, Texas to support cross-border shipments between the U.S....
Written on 15/02/2018, 16:44
miami-airport-gets-ftz-statusMIAMI: February 15, 2018. The U.S. Department of Commerce has designated Miami International Airport's entire 3,230-acre land parcel as a Foreign Trade...
Written on 14/02/2018, 16:57
jd-com-delivery-for-valentine-s-dayBEIJING: February 14, 2018. China retailer JD.com is selling 18.6 percent of its subsidiary JD Logistics for an estimated US$2.5 billion. The investors...
Written on 13/02/2018, 21:22
delta-cargo-adds-gps-tracking-to-equation-express-productATLANTA: February 13, 2018. Delta Cargo has launched 'Equation Critical', a new service with GPS-tracking for next-flight-out international shipments with...
Written on 13/02/2018, 20:14
valentine-s-day-still-a-growing-demandAALSMEER, The Netherlands: February 13, 2018. Valentine's Day, made official by Pope Gelasius in the fifth century to distract Roman Catholics from a more...
Written on 12/02/2018, 21:16
profit-surge-from-e-commerce-for-aramexDUBAI: February 12, 2018. Logistics provider Aramex has reported a nine percent increase in 2017 revenues to AED4.72 billion and a 14 percent year-on-year...
Written on 12/02/2018, 20:34
more-capacity-sharing-for-heavylift-and-project-cargoHAMBURG/ROTTERDAM: February 12, 2018. RollDock and SAL Heavy Lift are to launch a capacity pool for Roll-On/Roll-Off and Float-In/Float-Out project and...
Written on 11/02/2018, 19:37
g-w-invests-in-cargomaticDARIEN, CT: February 08, 2018. Railroad company Genesee & Wyoming has invested in Cargomatic, a technology platform connecting shippers and truck...
Written on 09/02/2018, 16:07
delta-cargo-expands-pharma-4-serviceATLANTA: February 9, 2018. Delta Cargo has added eight new destinations to its Pharma 4 program for temperature-sensitive shipments including Bogota, Hong...
Written on 08/02/2018, 19:20
ups-adds-midday-express-freight-deliveryATLANTA: February 08, 2018. UPS has added a midday service to its Worldwide Express Freight (WEF) product, offering a delivery time of 12 p.m. or 2 p.m....
Written on 08/02/2018, 14:39
evergreen-orders-eight-11-000-teu-containershipsTAIPEI: February 08, 2018. Evergreen Marine Corporation (EMC) has ordered eight 11,000 TEU containerships from Samsung Heavy Industries (SHI) for delivery...
Written on 07/02/2018, 22:05
emirates-skycargo-to-begin-daily-maastricht-flightDUBAI: February 06, 2018. Emirates SkyCargo has added Maastricht to its scheduled freighter network with an initial two B777 freighter flights a week from...
Written on 07/02/2018, 17:19
heavylift-bucket-delivered-to-angolaANTWERP: February 07, 2018. Heavylift and project cargo specialist Manora Logistics has recently completed the delivery of equipment to the mine and iron...
Written on 07/02/2018, 16:21
vallair-orders-10-a321-freighter-conversions-from-efwSINGAPORE: February 07, 2018. Elbe Flugzeugwerke (EFW), the aircraft conversion joint venture of ST Aerospace and Airbus, is to convert 10 A321 passenger...
Written on 06/02/2018, 22:13
ethiopian-to-begin-chicago-service-via-dublinADDIS ABABA: February 06, 2018. Ethiopian Airlines is to begin a three times weekly B787 service from Addis Ababa to Chicago via Dublin on June 09. The...
Written on 06/02/2018, 21:08
dp-world-reports-10-1-percent-rise-in-2017-volumesDUBAI: February 06, 2018. DP World handled 70.1 million TEU across its global network of container terminals in 2017, with gross volumes growing by 10.1...
Written on 06/02/2018, 20:26
agility-adopts-maersk-ibm-blockchain-solutionBAAR, Switzerland: February 06, 2018. Agility has become the first freight forwarder to collaborate on a Maersk-IBM blockchain-based solution to enable...
Written on 06/02/2018, 17:29
hmm-and-aal-launch-new-mpv-serviceSINGAPORE: February 06, 2018. Multipurpose (MPV) carriers AAL and Hyundai Merchant Marine (HMM) have begun a new liner service between Asia and the Middle...

- powered by Quickchilli.com -