September 2012 The One Earth Future Foundation, the umbrella organization behind Oceans Beyond Piracy, an international piracy watchdog, has released some shocking statistics on piracy. According to a recent report, 1 out of every 10 hostages involved in piracy incidents experienced extreme torture, including starvation, physical abuse and even simulated drowning. Overall, of the 1,200 […]
Business Booms
September 2012 As the threat of piracy in international water peaking in 2011, incidents have recently fallen off. International naval task forces have had a lot to do with it, but so have private security firms that shipping companies have been hiring to personally secure their ships. International shippers spend nearly $1 billion USD securing […]
Pirate Demands
The thriving black-market industry of piracy cost the world economy an estimated $7 billion in 2011, and pirates themselves netted about $160 million in ransoms alone, according to a recent report from the International Maritime Bureau. Although international cooperation and the education of shipping companies is finally resulting in a reduction of overall pirate attacks, the […]
Pirates and Privateers
September 2012 Although the international community is seeing the first reduction in piracy in the Indian Ocean since a global response in 2008, maritime authorities are warning merchants that the international naval operations won’t be able to go on forever. Indeed, their conclusion may be sooner rather than later. As defense budgets get cut world-wide, […]
The Forgotten Hostages
August 2012 The crew of the MV Iceberg 1 was hijacked in the spring of 2010, and to this day, the crew is still held captive. They have been seemingly forgotten by countries and other organizations, and are the longest-held maritime hostages in modern history. Completely abandoned by their irresponsible and profit-seeking shipping company, the situation […]
House of Lords Report Credits EUNAVFOR and Private Security
The European Union Naval Force (EUNAVFOR) has been conducting Operation Atalanta since 2008. The operation is an effort to combat and prevent piracy in the Indian Ocean and Gulf of Aden. Finally, it seems that 2012 is seeing the first significant dip in number of pirate attacks in this area. The United Kingdom’s House of Lords just […]
Counter-Piracy Exercise
September 2012 On September 17th, 2012, the guided-missile destroyer USS Winston Churchill and other U.S. Navy assets conducted a joint counter-piracy exercise with the frigate Yi Yang of the Chinese People’s Liberation Army Navy in the waters off the east coast of Africa. This marks the first bi-lateral counter-piracy training exercise conducted between the two […]
Piracy Dip Could Reverse
September 2012 Despite a significant drop in pirate attacks in the first half of 2012, maritime authorities are warning shipping companies not to get too comfortable. International navies have had success patrolling the Indian Ocean and Gulf of Aden, bringing a 54 per cent decrease in attacks. However, they won’t be able to stay in that […]
Future Piracy Scenarios
September 2012 A recent report release by the Gulf Petrochemicals and Chemicals Agency, in conjunction with AT Kearney, attempts to forecast the future of global piracy. Worldwide shipping faces an elevated threat from piracy, which has been plaguing the water off of east Africa for the past several years. As a huge percentage of global […]
African Oil Industry Suffers from Piracy; Challenges Ahead for Ghana
August 2012 The rise in piracy off of various coastal regions in Africa has the entire world concerned, and African states are scrambling to address the issue. The waters off of east Africa are the most infamous, as Somali pirates have gained quite a murderous reputation for marauding in the Indian Ocean. But equally damaging is […]
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