Modern day maritime piracy is a world-wide phenomenon that poses a serious threat to international shipping. An economic approach to the control of maritime piracy is based on the general economic theory of law enforcement that views offenders (pirates) as rational decision makers who would respond to threatened punishments.
Maritime piracy has been on the rise with the increasing attacks of Somali pirates along African coastline. As the threat to the lives of seafarers and property increases, everyone wonders if there is way to fight this menace. The world desperately awaits for some concrete anti-piracy solutions.
With the increase in piracy at the sea, especially around the coast of Somalia, several maritime organizations and defense agencies have started providing online updates on events related to maritime piracy that are taking place around the world. Mentioned herein are twenty eight resources on maritime piracy and Somali pirates.
Somali pirates take a very business-like approach to their craft. They attack big ships that can pay. However, after capturing several ships they have learned about what type of ships to target and which ship owner is able or willing to pay ransom money.
While the security threats from sea pirates have considerably reduced off the Coast of Somalia, the growing numbers of maritime piracy incidents along the Western African coast undoubtedly reveal that anti-security measures in the region are extremely scarce.
A recent piracy attack represents a step change in tactics that could, if repeated, be a game changer in Gulf of Guinea piracy. The pirates made an unsuccessful attempt at boarding a product tanker from the stern, but eventually fell behind as the ship’s master opened the range. Read more inside the article.
SaveOurSeafarers releases a dramatic video depicting the effects of Somali piracy in the Indian Ocean. The video shows the trauma involved with the piracy attacks but also the economic costs of the rising threat to the maritime industry.
The Hostage Support Partners announce the release of the 26 remaining hostages of the FV Naham 3. The Omani flagged fishing vessel was hijacked on 26 March 2012 roughly 65 nautical miles south of the Seychelles.
An Iranian fishing vessel and its crew have escaped after being held captive for five months by Somali fishermen, maritime piracy experts said on Friday, but it was not clear how many crew members had escaped.