enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

Read more

AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

Read more

DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

Read more

Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

Read more

New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

Read more

Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

Read more

Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

Read more

Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

Read more

West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes

Latest News

Airbus Mobile AL
20 Apr, 2018

Port of Mobile signs for new US$60 million RoRo auto terminal

in ports
MOBILE, AL: April 18, 2018. The Port of Mobile is to open a new vehicle processing RoRo…
Arthur Welter
20 Apr, 2018

Luxembourg adopts cross-border electronic consignment document

in Road
LUXEMBOURG, GD: April 20, 2018. Luxembourg and the Netherlands have followed Spain and…
CEVA Logistics
20 Apr, 2018

CEVA Logistics announces IPO and planned stake by CMA CGM

in Latest News
MARSEILLE: April 20, 2018. CMA CGM is planning to buy CEVA Logistics securities at a cost…
Lekki port CMA CGM
17 Apr, 2018

Nigeria’s first deep-sea port to open in 2020

in ports
LEKKI PORT, Nigeria: April 16, 2018. CMA CGM and Lekki Port LFTZ Enterprise have signed…
Rift Valley Railways
17 Apr, 2018

World Bank sanctions African Railways Logistics

in Rail
WASHINGTON, April 16, 2018. The World Bank Group has barred Africa Railways Logistics…
HyperloopTT Tube2
16 Apr, 2018

Hyperloop technology takes another high-speed step

in Latest News
TOULOUSE: April 16, 2018. HyperloopTT has taken delivery of full-scale passenger and…
ZIPLINE drone
13 Apr, 2018

First drone delivery network for medicines set to expand

in Humanitarian
ATLANTA: April 13, 2018. The UPS Foundation has awarded grants and in-kind support of…
Charleston harbor
13 Apr, 2018

BMW helps Port of Charleston achieve March record

in Ocean
CHARLESTON, SC: April 11, 2018. The South Carolina Ports Authority (SCPA) reports an…
IRI World Congress
12 Apr, 2018

European road transport operators want technology to replace paper

in Road
AMSTERDAM: April 12, 2018. A survey of European road haulage operators by the world…

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."

Corporate News

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -