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Cost Of Somali Piracy Slumps As Attacks Fall
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday.
Cost of Somali Piracy Slumps as Attacks Fall
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday. The Oceans beyond Piracy report put the total cost of Somali piracy - by far the largest single threat to international shipping in recent years - at only $3.2 billion in 2013. There were still at least 50 hostages in Somali captivity in desperate conditions…
