This document discusses the issue of piracy around the world. It provides statistics on reported piracy attacks in 2011, including 439 total attacks with 275 off Somalia and the Gulf of Guinea. It also gives details on attacks in specific regions like Southeast Asia, the Indian Subcontinent, and the costs to the international community, estimated to be $4.9-8.3 billion in 2010-2011 and projected to rise to $13-15 billion by 2015. The document recommends solutions like increased coast guard and navy patrols, ship security plans, vessel hardening, and private security teams.

2. PIRACY

3. PIRACY THE REALITY

4. DEFINITION
Definition:
An act of boarding or attempting to board any
ship with the intent to commit theft or any
other crime and with the intent or capability to
use force in the furtherance of that act.”

5. FACTS & FIGURES 2011
• 439 REPORTED PIRACYS ATTACKS
• 275 OFF SOMALIA & GULF OF GUINEA
• 802 CREW MEMBERS TAKEN HOSTAGE
• 8 CREW MEMBERS ACTUALLY KILLED

6. 2011 PIRACY ATTACKS

7. 28TH FEBRUARY 2012
• 62 ATTACKS WORLDWIDE
• 6 VESSELS HIJACKED
• 12 VESSELS HELD
WITH
• 177 HOSTAGES

8. ATTACKS SE ASIA/INDIAN SUB CONTINENT
10 – ATTACKS REPORTED IN BANGLEDESH
46 – ATTACKS IN INDONESIA WITH 41 VESSELS
BOARDED
13 – ATTACKS IN THE SOUTH CHINA SEA

9. INDIA ITSELF
• 13 LARGEST IMPORTER IN THE WORLD
• 90% OF ITS TOTAL TRADE BY VOLUME &
• 70% BY VALUE TRANSPORTED BY SEA
• US $ 110 BILLION OF INDIAN TRADE
TRANSITING THROUGH THE GULF OF ADEN

10. THE COST
INTERNATIONAL COMMUNITY
• IN 2010- 2011 – USD $ 4.9 – 8.3 BILLION
• Rising to
• USD $ 13 – 15 BILLION BY 2015

11. SOLUTIONS
• COAST GUARD/NAVY PATROLS
• RISK ASSESSMENTS – SHIP OWNERS/MASTERS
• SHIP SECURITY PLANS
• RELEVANT & SUITABLE TRAINING
• VESSELS HARDENING EQUIPMENT
• PRIVATE SECURITY PROVIDING EXPERIENCED
& QUALIFIED VESSEL PROTECTION TEAMS

12. SUMMARY
Pirates would appear to be the very essence of rational
profit maximizing entrepreneurs described in neo
classical economics:
Expected profits determine decisions based on
information available. The supply of pirates, therefore,
is closely related to the expected benefits of being a
pirate and the associated risk adjusted costs.
We ignore them at our peril!!!!!!