Freakonomics of Maritime Piracy
Tags: PIRACY; CRUISE ships; HIJACKING of ships; RANSOM
Related Articles
- The Pirate Latitudes. Langewiesche, William // Vanity Fair;Apr2009, Issue 584, p148
The article discusses the 2008 pirate attack on the French ship Le Ponant that resulted in the pirates collecting a $2.15 million ransom. The article describes how captain Patrick Marchesseau and the ship's crew handled the ordeal when the pirates came aboard the Le Ponant and held the crew...
- How Do We Make the Sea Lanes Safe? Bernstein, Mark // World Trade;Jun2009, Vol. 22 Issue 6, p42
The article focuses on piracy which is a growing threat in many commercial maritime routes around the world, particularly in the Gulf of Aden. It offers various solutions to keeping sea lanes safe, including providing firearms to crew members or hiring armed security guards and to stop paying...
- Piracy in the Gulf of Aden. Leader, Stefan H. // Journal of Counterterrorism & Homeland Security International;Summer2009, Vol. 15 Issue 2, p30
� Piracy in the Gulf of Aden and off the east coast of Somalia has reached unprecedented levels during the past year, threatening one of the most important maritime routes in the world. Lack of effective governance in Somalia allows the pirates to operate with impunity. � Pirate gangs,...
- 'Hostes Humani Generis'. WITTMAN, AMY L. // Sea Power;Mar2009, Vol. 52 Issue 3, p4
The article reflects on the new U.S. plan to combat piracy. It opines that the plan document titled "Countering Piracy off the Horn of Africa: Partnership and Action Plan," released in January 2009 specifically targets the lucrative hijacking-for ransom business of Somali pirates. It comments...
- Ghost Ship. Antonova, Maria // Russian Life;Nov/Dec2009, Vol. 52 Issue 6, p8
The article focuses on the mysterious disappearance of a timber-loaded Russian ship en route from Finland to Algeria in August 2009. It is stated that an Interpol hijacking alert was issued, that Russian officials claim the vessel was attacked by pirates and that its cargo may not be just...
- Costs of dealing with Horn of Africa piracy to spiral. WATTS, MARK // MEED: Middle East Economic Digest;6/1/2012, Vol. 56 Issue 22, p19
The article reports that with a growing number of piracy incidents off the Horn of Africa, the overall cost of handling piracy has increased as shipowners are forced to re-route their vessels, the ransom price for captured ships goes up, and capacity shortage for cargo ships becomes prevalent.
- MODERN-DAY PIRATES. // Pacific Yachting;Jan2009, Vol. 51 Issue 1, p21
The article reports that the Gulf of Aden which runs between Yemen and Somalia was considered the pirate capital of the world. It is claimed that over 97 ships were being attacked in 2008, 40 of which were actually hijacked. A supertanker which carries $100 million worth of crude oil was...
- Maritime hijackings reached 'unprecedented' levels in 2008. // Asia Insurance Review;Mar2009, p28
The article reports on the increase in maritime hijacking in 2008. The ICC International Maritime Bureau (IMB) Piracy Reporting Centre (PRC) has recorded a total of 293 incidents for piracy against ships, up more than 11 percent in 2007. The increase was credited to the number of attacks in the...
- Turkish Frigate Sets Sail on Anti-Piracy Mission Off Somalia. // Journal of Turkish Weekly;7/26/2010, p17
The article reports on a voyage which the Turkish frigate TCG Gokceada made from Turkey to the Gulf of Aden and the Arab Sea in July of 2010 in an effort to fight piracy off the coast of Somalia under the international anti-piracy mission, Combined Task Force 151.
