The expensive, diminishing threat of Somali piracy

default_image

© Khunaspix Dreamstime.

By Gavin van Marle

09/11/2012

Somali pirates have met with more failure than success since the use of armed guards became more prevalent over the past couple of years, but the cost to the shipping industry has been very high –and will continue to be so until the root problems of piracy are addressed on land. Detailed analysis of the political and strategic factors.

Comment on this article

You must be logged in to post a comment.

Topics

Piracy

Most read news

TPM: Forwarders need 'clout' to survive as the ocean carriers move in

Gemini schedule reliability falls below 90% target for the first time

Red Sea crisis forces Maersk to increase capacity over strategy limit

Resumption of Suez transits in doubt after return of Red Sea hostilities

Maersk in firing line over 'abandoned container' in Africa

Forever 21 blames bankruptcy on de minimis exemption

Gemini carriers cut back loading allocations on challenging southern India trade

Maersk assures shareholders arms shipments 'comply with regulations'

US port call fees would force ACL to exit transatlantic trade, says CEO

DHL sees opportunities as end of US de minimis exemption looms

SF Airlines expands, while sister Kerry Logistics is set to lose its name

FMC empowered to investigate international 'shipping chokepoints'

'More pronounced' demand slump drives container spot freight rate declines

Ocean Alliance splits ANP service into two to ease Vancouver delays

CMA CGM Air Cargo eyes expansion with bid for Air Belgium

Forwarders predict fall in airfreight rates as ecommerce eyes sea freight