January 2013 The European Economic and Social Committee recently released a recommended strategy to find a permanent end to the problem of piracy in the Indian Ocean. The European Economic and Social Committee (EESC) is a body of the European Union that acts in an advisory capacity. It represents employers, employees and various interest groups. The EESC […]
Violence Escalates
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 […]
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 […]
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 […]