report - Oceans Beyond Piracy

THE ECONOMIC COST OF SOMALI PIRACY, 2012
Corridor (IRTC) on any given day”); McMahon, L. (2011, October10). Naval Support for anti-piracy fight set to decrease.
Lloyd’s List. Retrieved from: http://www.lloydslist.com/ll/sector/regulation/article381695.ece (“A spokesman for Nato said
that were 18 vessels from Combined Maritime Forces, Nato and EU Navfor on duty on October 10, 2010, and 18 units on
October 10, 2011”)
Security Equipment and Guards
50 Shipping Warned to Be Vigilant After Pirate Attack (2012, December 20). Shipping Times. Retrieved from: http://
www.shippingtimes.co.uk/item_10423.html (“NATO and her maritime partners are still patrolling and disrupting pirate
activity, however, the merchant community have their role to play and should continue to ensure that vessels implement
Best Management Practices (BMPs) and are prepared to repel pirate attacks.”).
51 Bowden, A. and Basnet, S. (2012). Economic Cost of Somali Piracy 2011. Oceans Beyond Piracy. Retrieved from:
http://oceansbeyondpiracy.org/sites/default/files/economic_cost_of_piracy_2011.pdf; Shapiro, A. J. (2012, March 27).
Piracy Off the Horn of Africa. Remarks to the Center for American Progress, US Department of State. Retrieved from: http://
www.state.gov/t/pm/rls/rm/186987.htm (“Approximately 20 percent of all ships off the Horn of Africa are not taking proper
security precautions. Unsurprisingly, these account for the overwhelming number of successfully pirated ships.”).
52 BMP4 (2011). Best Management Practices for Protection against Somalia Based Piracy, Version 4. Retrieved from:
http://www.shipping.nato.int/SiteCollectionDocuments/BMP4_web.pdf
53 Fence Gate and Beyond, price list for 18” Concertina Razor Wire Galvanized Steel 1 box (5 Rolls). Retrieved from:
http://www.fencegateandbeyond.com/18-concertina-razor-wire-galvanized-steel-1-box-5-rolls-cwgg18r5.html
54 Last year, we used 42,450 as the number of ships transiting the HRA each year. This year, we use an estimate of
35,000, which is the number reported to Lloyd’s List by Peter Dobbs, Catlin head of asset protection. Retrieved from: http://
www.lloydslist.com/ll/sector/regulation/article412337.ece
55 Bowden, A. and Basnet, S. (2012). Economic Cost of Somali Piracy 2011. Oceans Beyond Piracy. Retrieved from:
http://oceansbeyondpiracy.org/sites/default/files/economic_cost_of_piracy_2011.pdf
56 Northam, G. (2013, January 21). Security at sea: changing risk horizons. Lloyd’s List. Retrieved from: http://www.
lloydslist.com/ll/sector/Insurance/article415358.ece; Lloyd’s List Maritime Security Survey (2012). Lloyd’s List. Retrieved
from: http://www.lloydslist.com/ll/incoming /article411572.ece/BINARY/Piracy+survey+big.pdf (reporting that 38% of
respondents reported that their company had not used armed guards); Piracy: A Threat to Maritime Security and the Global
Economy (2012, November 14). Diirad.com. Retrieved from: http://www.diirad.com/news-in-english/4298-piracy-a-threatto-maritime-security-and-the-global-economy-.html
57 McMahon, L. (2012, November 23). Will regulation make armed guards a permanent fixture on vessels? Lloyd’s
List. Retrieved from: http://www.lloydslist.com/ll/sector/regulation/article412337.ece (citing Catlin head of asset protection
Peter Dobbs that around 50% of ships employ armed guards); Nightingale, A. and Wiese Bockmann, M. (2012, October 22).
Somalia Piracy Falls to Six-Year Low as Guards Defend Ships. Bloomberg. Retrieved from: http://www.bloomberg.com/news/
print/2012-10-22/somalia-piracy-attacks-plunge-as-navies-secure-trade-route-1-.html (“Fourteen out of 28 ships briefed by
the U.K.’s Royal Navy in the week to Oct. 19 were carrying or recently carried armed guards, U.K. Maritime Trade Operations
said in an e-mailed report Oct. 20.”).
58 Using last year’s estimate that the average HRA transit lasts 11.5 days. Hired Guns Tame The Somali Coast (2012,
October 6). Strategy Page. Retrieved from: http://www.strategypage.com/htmw/htseamo/articles/20121006.aspx (“Most
of these ships are now using a detachment of 4-5 armed guards, which cost them about $40,000 for the short trip through
pirate infested waters.”); Armed guards protect Swiss ships from pirates (2012, August 19). Swiss Info. Retrieved from:
http://www.swissinfo.ch/eng/swiss_news/Armed_guards_protect_Swiss_ships_from _pirates.html?cid=33343846 (“Another
restriction is the high cost of such security, with a four person team costing SFr40,000 per week.”); see also Kazakos, Thomas
A., “Piracy: Impact and Challenge on Maritime Trade,” (2012).
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