046/15/Tr. OBP Report on the Economic and Human Cost of Piracy 2014

Dear Sirs/Madams,

We would like to update you via this newsletter with respect to the report on the Economic and Human Cost of Piracy in 2014, that Oceans Beyond Piracy (OBP) has already published.

The full title is “The State of Maritime Piracy 2014: Assessing the Economic and Human Cost” and contains detailed data of piracy activity in Southeast Asia, Western Indian Ocean Region and Gulf of Guinea for 2014, aiming for a detailed illustration of the impact of piracy in maritime activity.

The following data have been extracted from the report.

ECONOMIC COST KEY FINDINGS

• 983 million $ is the calculated economic cost in Gulf of Guinea and 2,3 billion $ in the West Indian Ocean Region.

• In Western Indian Ocean Region, 805 million $ are the Government & Civil Society Costs, 1,2 billion $ cost the Industry-employed Vessel Protection Measures and 175 million $ are Other Industry Costs.

• In the Gulf of Guinea, 380-530 million $ are the Government & Civil Society Costs, 231-314 million $ cost the Industry-employed Vessel Protection Measures and 136-139 million $ are Other Industry Costs.

HUMAN COST KEY FINDINGS

• Totally 5009 seafarers have been attacked by pirates in 2014 in the three areas of research

• In Southeast Asia, over 3000 seafarers experienced direct contact with pirates, 800 seafarers subjected to violence and 51% of attacks involved weapons.

• In Western Indian Ocean Region, 320 seafarers subjected to attacks, 18 hostagesreleased in 2014 and 26 hostages remain in captivity at very high risk.

• In the Gulf of Guinea, 1035 seafarers subjected to attacks, 170 seafarers detained or held hostages and 55% of attacks involved weapons.

PIRATE ACTIVITY KEY FINDINGS

• In Southeast Asia, 185 total attacks have been reported, 64% of attacks occured near the Malacca or Singapore strait and 93% is the successful Boarding Rate of attacks.

• In Western Indian Ocean Region, 18 pirate attacks have been reported, 2 dhows successfully hijacked and zero commercial vessels hijacked.

• In the Gulf of Guinea, 67 total attacks have been reported, 58% of attacks occurred in international waters and 39% is the Attack Success Rate.

Further data/ figures as well as infographics may be found by reading the Executive Summary of the OBP’s report on the Human and Economic Cost of Maritime Piracy.

Please find attached below the full report:

The State of Maritime Piracy 2014: Assessing the Economic and Human Cost

SOURCE: OBP

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Thank you & Best Regards,

Eng. Alexandros Spanos
Maritime Auditor / Principal Surveyor
Member of IIMS,RINA, HELMEPA

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