cost of piracy

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Singapore plans to reform amid piracy in the Strait rises

In a written reply to a Parliamentary Question on Piracy Along Singapore Strait by Mr Christopher de Souza, the Minister for Defence, Dr Ng Eng Hen noted that the Maritime Security Task Force (MSTF) plans to restructure in order to deal with piracy at sea.

West African nations fail to organize proper piracy response

 Togolese President Faure Gnassingbe has stated that West African states’ failure to coordinate their response to piracy off their coastline is the reason why attacks are still apparent. Bloomberg reports that while the 15 states and western partners signed a pact in 2013 to collaborate in the fight against piracy, the region still accounts for 40% of the world’s reported incidents.

Nigeria lost $2.8bn to piracy,UN report

The United Nations Secretary General’s office launched the ‘Activities of the United Nations Office for West Africa and the Sahel’ report, focusing on Nigeria loosing approximately $2.8 billion during 2018, as a result of crude oil and maritime crimes. Maritime crime, including piracy, dominated in the coast of West Africa and posed a big threat to peace and development in the region.

The human and economic cost of piracy in 2016

In its latest State of Maritime Piracy report for 2016, OBP assesses the human and economic cost of maritime piracy by region, focusing specifically in the areas of East Africa, West Africa and Asia. The report also includes a thorough analysis with data/ figures and infographics to illustrate the state of maritime piracy.

OBP launches ‘State of Maritime Piracy 2015’ report

Oceans Beyond Piracy (OBP) has launched this year’s report ”The State of Maritime Piracy 2015” which marks the sixth year that OBP has assessed the human and economic cost of maritime piracy. The report reveals notable trends and key findings in 2015 by region.