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 […]
Somali Piracy
Since 2009, piracy in the waters off the eastern coast of Africa has grabbed the world’s attention and become a major problem for commercial and industrial shipping. Initially, many were caught off guard– the first vessels, hijacked in later 2008, were successfully ransomed for millions of dollars. Since those first incidents, the international community and […]
Piracy Increasing Costs of Shipping; Solutions are not Simple
June 2012 A recent report released by AT Kearney and the Gulf Petrochemicals & Chemicals Association predicts that another piracy epidemic could cause shipping costs to skyrocket by 150%. Although there have been recent declines since the epidemic reached fever-pitch levels in 2009, piracy has not yet been eliminated. If the current situation stagnates or […]
Donald on Piracy
October 2012 Dominick Donald recently addressed an audience at the 3rd Safety4Sea Forum in Athens, focusing on the drop in Somali-based pirates and what it means for the shipping industry moving forward. Dr. Donald is the Director of Aegis Advisory, a specialist business-intelligence consultancy located in the United States. Safety4Sea forum coveres a wide range of quality, […]
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