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Maritime Piracy

Piracy Activity Worldwide 2012

Last year, Somali piracy in the busy shipping lanes of the Gulf of Aden and the northwestern Indian Ocean netted $160 million, and cost the world economy some $7 billion, according to the American One Earth Future foundation.
NATO's counter piracy mission covers 11 million square km (4 million square miles).

But in the first half of 2012 there were just 69 incidents involving Somali pirates, compared with 163 in the same period last year, International Maritime Bureau data showed.

The success that is being enjoying right now is not irreversible. If the Navy, shipping owners and charterers let down their guard, if we reduce the level of forces, if we reduce the compliance ... then we will create a new opportunity for entrepreneurial pirates to come back."

There are 177 hostages and seven vessels held, compared with 682 seafarers and 30 ships held in February 2011.
Somalia's poverty and anarchy make the prospect of million-dollar ransoms still attractive despite the risks, the recent election of Somalia's new President Hassan Sheikh Mohamud was a "positive step forward".

There is an insurgency going in southern Somalia with Al Shabaab – this brings a host of issues that the government will have to deal with.

Mohamud and the visiting Kenyan foreign minister escaped an apparent suicide bomb attack on recently that was claimed by Al Shabaab rebels.

Piracy and armed robbery incidents as reported to the IMB Piracy Reporting Centre in 2012

Worldwide Incidents: (updated on 30 August 2012)

Total Hijackings Worldwide: 23

Incidents Reported for Somalia:
Total Incidents: 70
Total Hijackings:13
Total Hostages: 212

Current vessels held by Somali pirates:
Vessels: 11 Hostages: 188.