Maritime piracy attacks hit all-time high of 266
Up from 196 in 2010! Global attacks on ships rose to an all-time high of 266 during the first six months of 2011, up from 196 in 2010, according to the International Maritime Bureau (IMB).More than 117 ships were attacked and 20 seized by pirates off the coast of Somalia alone since January 1, 2011, with 28 ships and 518 hostages held for ransom as of the end of April 2011.These issues will be discussed by industry experts at the Middle East Money and Ships conference, scheduled to take place in Dubai on October 16, it has been announced.The organisers of the Middle East Money and Ships conference, Seatrade, said the conference will review the current situation after global attacks touched an all-time high of 266 for the first half of 2011. The problem costs the industry up to $16 billion annually.Industry professionals lined up to speak at the event include the Shipping Corporation of India Chairman & Managing Director, Mr Sabyasachi Hajara, and ABS Director Environmental Solutions, Mr Sean Bond.According to a report last year by the Council on Foreign Relations, there is no quantitative research available on the total cost of global piracy.Estimates vary widely because of a ...
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