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OBP releases updated report on economic cost of Somali piracy for 2012

Launched on 9th April A report detailing the overall economic cost incurred worldwide from Somali piracy ihas been launched today in Denmark by Oceans Beyond Piracy (OBP), a project of One Earth Future Foundation. The report, The Economic Cost of Somali Piracy 2012, has been launched in the Assembly Hall of the National Museum in Copenhagen and the event will include a panel discussion with experts on counter-piracy.This is the third annual assessment of the Economic Cost of Somali Piracy presented by OBP, and the launch coincides with meetings in Copenhagen, hosted by the Danish Foreign Ministry, addressing the prosecution of Somali pirates and the tracking of illegal financial flows. Copenhagen is home to some of the world's largest shipping companies and associations.The discussion panel includes Ambassador Thomas Winkler of Denmark; Jan Fritz Hansen of the Danish Shipowners' Association; Simon Church of the European Union Naval Force (EU NAVFOR) Operation Atalanta; Peter Sand, shipping analyst for the Baltic and International Maritime Council (BIMCO), Jon Bellish author of the latest OBP report; and Anna Bowden author of the 2010 and 2011 reports. This year a Somali representative will describe some of the costs of piracy to the Somali economy.While the numbers ...

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