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Items Tagged with 'Somali piracy'

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Piracy Declines Around the World, But Vigilance Advised Off African Coasts

October 21, 2013

The International Chamber of Commerce's International Maritime Bureau (IMB) has revealed that piracy on the world's seas is at its lowest third-quarter level since 2006, but warns of the threat of continuing violent attacks off the East and West coasts of Africa.

As Oil Interests Move Into West African Waters, So Do Growing Numbers of Pirates

June 4, 2013

Maritime Executive

While the frequency of pirate attacks off the Horn of Africa has fallen to its lowest level since 2009, this is no time to celebrate. Somali pirates still hold two vessels for ransom with 60 crew members as hostages. More alarming, however, is the increase in the capabilities of pirate groups in West Africa's Gulf of Guinea, now challenging Somalia as the world's most dangerous place to sail.

Indonesia's Waters Have Become the Most Pirate-Infested Area in the World

May 24, 2013

Maritime Executive

Somalia and Gulf of Aden still have pirate-infested waters, but over the last five quarters, a new country's national waters have become the most heavily pirated on earth, according to data from the International Maritime Bureau's Piracy Reporting Centre.

Ship Owners Who Pay Ransom Hinder Anti-Piracy Efforts

May 17, 2013

Maritime Executive

The recent revelation that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6m in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organized crime, said William H. Watson, president and COO of AdvanFort Company, a maritime security solutions provider.

Piracy Off Somali Coast Drops Significantly, But Attacks Ratchet Up in West Africa, Off Indonesia

October 22, 2012

Maritime Executive

Pirate attacks off the Somali coast have declined by more than 54 percent, leading to a softening of insurance premiums for the global shipping community but raising controversy surrounding the use of onboard private armed security contractors, according to the International Maritime Bureau's Piracy Reporting Centre.