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 […]
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 […]
Protection from pirates
May 13, 2013 Although the number of pirate attacks is either on the wane or has stabilized in most of its former-hot spots, that is not the case in West Africa. Just recently, a German cargo ship was raided by pirates who kidnapped five of the ship’s crew members. This is a disturbing development, for the Gulf […]