Piracy Cost & Solutions on Agenda at Upcoming Capetown Summit

MarineLink.com
Wednesday, November 13, 2013
Pirate photo courtesy of EUNAVFOR

Some 600 maritime and naval experts are to meet in Cape Town from 25-27 November, 2013, to discuss the price of piracy in Africa and the institutional and technical solutions available during the annual Maritime & Coastal Security Africa conference and exhibition. It is the largest maritime defence and security event on the continent, say the organisers.

What does poor maritime security cost each year?

  • Piracy off the Horn Of Africa costs the industry approximately $7-$12 billion per year
  • Piracy off West African coastline has escalated dramatically in the past year, costing the shipping and offshore industry $1.2 billion in past year
  • 851 seafarers attacked and pirates are currently holding 589 hostages
  • Illegal fishing off the African coastline is costing the industry approximately $1 billion per year

African navies restructuring long-term strategies
Says event producer Tracey-Lee Zurcher: “The high profile of Somali piracy and the gross proliferation of piracy in West Africa over the past year have brought the issue of African maritime security to the attention of world leaders. In a response to this, African navies are restructuring their long-term strategies to include frequent littoral maritime patrols in high risk piracy zones. Over and above the proactive response from the African maritime defence industry, shipping companies, the oil and gas sector and high-traffic African ports are also actively taking precautions.”

Securing African sea and trade lanes
The South African Navy, as one of the leading navies in Africa, as well as top economic contributors, Nigeria, Angola and Ghana, have formally endorsed the Maritime & Coastal Security Africa conference and exhibition once again.

Says Tracey-Lee Zurcher: “South Africa and their maritime neighbours are all actively setting out acquisition requirements to procure inshore and offshore patrol vessels, which are the most cost-effective patrol solutions and are easier to navigate in shallow waters when pursuing high-speed targets in an asymmetrical warfare scenario, such as piracy. Leading military suppliers including Saab, DAMEN, Denel, Abeking & Rasmussen, Barloworld Power and Selex are in attendance at the expo in Cape Town to display their technology and services.”

Event dates and location:
Conference and expo: 25-27 November 2013
Site visit: 27 November 2013
Location: CTICC, Cape Town, South Africa

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Navy

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Fond Farewell to HMAS Tobruk

The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP,

Thai Navy Lobbies for More Submarines

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading

Finance

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Maritime Security

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Three Rescued on Lake Tahoe

The Coast Guard and multiple agencies rescued three people Wednesday evening after they were reported missing on Lake Tahoe. At 9:45 p.m., Coast Guard Sector

Fond Farewell to HMAS Tobruk

The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2630 sec (4 req/sec)