THE COST OF PIRACY
STUDIES QUANTIFYING THE cost of piracy conducted
by One Earth Future Foundation, put the cost of piracy
to the global economy at $7-$12 billion per year. The
global cost of Somali piracy is between $6.6-$6.9 billion
per year. The cost of maritime piracy includes ransoms,
insurance premiums, re-routing of ships away from
piracy risk zones, fuel costs associated with increasing
speeds at which vessels transit, and the cost of naval
forces. There is also the human cost of piracy with crew
being taken hostage, some killed, some being held for up
to eighteen months, and the associated trauma.
Piracy attacks are escalating in the Gulf of Guinea,
Indonesia and further afield, and attacks in the coast of
West Africa or the Gulf of Guinea are seeing an escalation
in piracy as well as a rise in the level of violence.
According to the International Maritime Bureau ���Piracy
and Armed Robbery Against Ships Report 2012���, the
highest incidences of piracy for the year are: Indonesia
(81 percent), Somalia (49 percent), Nigeria (27 percent).
Other locations listed were Togo (15 percent), Red Sea
(13 percent), Gulf of Aden (13 percent), Malaysia (12
percent) and Bangladesh (11 percent).
A reported decrease in piracy in Somalia has a lot to
do with an extended period of monsoonal weather, the
re-routing of vessels to the western Indian coastline
rather than around the Cape of Good Hope, the presence
of foreign naval forces and the use of private maritime
security firms to deter pirates. There has also been
widespread under-reporting of piracy incidents to avert
escalating insurance premiums.
Around 30,000 ships transit through this trade route
annually and the shipping industry incurred between $5.3
and $5.5 billion, or over 80 percent of the total cost of
piracy. Although the success rate of hijackings was down
in 2011 compared to 2010, the price of ransoms increased.
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New WASSP Distributor
WASSP LTD, PART of the ENL Group, is to be distributed by
Imtech Marine of the Netherlands.
Imtech Marine is based in Rotterdam and employs more than
2600 employees in 97 offices in 26 countries. Imtech Marine
will distribute WASSP commercial fishing and multibeam sonar
systems through the Netherlands, Belgium and China.
Imtech Marine���s network is based along shipping routes
and close to shipbuilding centres. The company specialises in
automation (platform and bridge), navigation and communication
including connectivity, energy and drive solutions, HVAC (heating,
ventilation and air conditioning) solutions and fire protection
technology, entertainment, lighting and maritime services.
WASSP sonar interfaces with other equipment. John
Rijlaarsdam, of the Imtech Marine Service Department says,
���The WASSP multibeam system is a combination of technologies
packaged into a uniquely versatile, powerful and cost-effective
electronic fishing, marine surveying and scientific research tool.
We���re already seeing that the WASSP system���s versatility is
a real asset for skippers, giving them much more information
about what is happening with fish under the vessel, so it is easier
to get the maximum catch. This will result in more efficient
fishing and costs are reduced through considerable savings in
fuel and crewing.���
VIP.S92
Phone 0800 YANMAR
info@powerequipment.co.nz
www.yanmar.co.nz
March/April 2013 Professional Skipper 49
