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, […]
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