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, […]
The Forgotten Hostages
August 2012 The crew of the MV Iceberg 1 was hijacked in the spring of 2010, and to this day, the crew is still held captive. They have been seemingly forgotten by countries and other organizations, and are the longest-held maritime hostages in modern history. Completely abandoned by their irresponsible and profit-seeking shipping company, the situation […]
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 […]
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 […]