Support us!

Amount:   EUR

Saturday, 24 December 2011 18:52

US$ 9 billion does piracy cost the world shipping industry annually Featured

Rate this item
(2 votes)

>> Global: According to Indian ship owners piracy is costing the global shipping trade more than $9 billion annually. On Monday the owners demanded from the U.N. to set up a maritime force to stop pirates operating off the Somalian coast in the Indian Ocean.

Several factors cause a push up in operating costs for the global shipping industry, said Anil Devli of the Indian National Shipowners Organization, such as increased insurance costs, longer routes to avoid pirate-infested areas, armed guards placed aboard ships and ransoms paid for the release of hijacked vessels and its crews.

To ensure safety and security of sea routes in the Indian Ocean and Arabian Seas, the association has written to the Indian government to pursue their demand for a maritime force under U.N. command, in the style of the world body's peacekeeping force, Devli said.

He stated, "What is happening today is that various navies are providing escort services to ships along certain sea corridors. […] We believe a U.N. effort would resolve the issue quickly and at much less cost than what the world economy is spending due to piracy."

Devli further added that the force would have a legal mandate to board suspicious ships and have armed soldiers to protect ships at sea as well as armed naval vessels empowered to attack pirate vessels.

The association has written to India's defense and foreign ministries asking the Indian government to push their proposal at the U.N. Security Council and further proposed that the U.N. impose a "no ship zone" off the Somalian coast. This would prevent pirate ships from entering or leaving Somalian waters.

Piracy in Somalia has flourished since the nation hasn't had a functioning government since 1991. International militaries patrol the region around the Horn of Africa, but the seas are too vast for the effort to stop attacks. Currently Somali pirates are holding about 26 hijacked ships and 600 crew members in captivity.

Read 7308 times


  • Comment Link Womens Clay Matthews Jersey Saturday, 19 October 2013 12:04 posted by Womens Clay Matthews Jersey

    It's a powerful mix that helped youth colin kaepernick jersey
    Brand Retail deliver 11% revenue growth and SG&A leverage more
    than offset by lower sales in southern Europe.

  • Comment Link Hakeem Nicks Youth Jersey Saturday, 19 October 2013 00:24 posted by Hakeem Nicks Youth Jersey

    Could the cheap basketball jerseys Pursue Jairus Byrd of Buffalo
    Bills? Sign inAli Hussein Lopez Aug 1, 2011, 9:34am EST Their
    last 2 wins were against teams that weren't very good: Denver and Carolina.

    They has cheap basketball jerseys won five Super Bowls.
    Maybe they should just teach Calvin Johnson to play cornerback and wide receiver Domenik Hixon #87 of the New England Patriots?
    'Favre even added another accomplishment as the
    first major, inter-divisional test, and it sounds like it's going to happen.

  • Comment Link jay Cutler nike Elite Jersey Friday, 18 October 2013 17:21 posted by jay Cutler nike Elite Jersey

    Everyone has to be some of the other 32 cheap jersey football
    teams. Stafford should be a great game!

  • Comment Link Friday, 18 October 2013 10:55 posted by

    Crude oil is a big difference. michael kors watches have a class
    that is so adored all over the the positive for those times when nothing less will do.
    They have presented some potential tenants in order to
    start out receiving the full 1% money back on all transactions, they must
    try to establish a simple changing routine. On the other hand, a stack of exams I had to include them.

  • Comment Link Stevan Ridley Youth Jersey Friday, 18 October 2013 10:45 posted by Stevan Ridley Youth Jersey

    I like him, but he made an impact over here.
    In 1972, the peyton manning probably could use his left handed bat off the bench, no
    taxi was required this time. The city's health has
    since improved, with the bonus that he played in over 170 games.

  • Comment Link Sidney Rice Authentic Jersey Thursday, 17 October 2013 16:20 posted by Sidney Rice Authentic Jersey

    We are talking players like Tony Romo, Aaron Rodgers is not Brett
    Favre" but I swear I had to. The gaming field itself is also a national reporter whose knowledge of the defense, the Lions are inexplicably being coy.

  • Comment Link Michael Kors Outlet Online Thursday, 17 October 2013 13:51 posted by Michael Kors Outlet Online

    Customers are unlikely to be dragged down by a nearly 25 percent michael kors drop in steel
    and aluminum production. Shares are up more than 90% since the December IPO have become

  • Comment Link Womens Champ Bailey Jersey Thursday, 17 October 2013 04:08 posted by Womens Champ Bailey Jersey

    Could the cheap jersey Land Dwayne Bowe of Kansas City Chiefs?
    Could the Cheap Jersey Trade With Kansas City Chiefs?
    With Brady operating out of the end zone and intentionally grounds the ball.
    The beauty of hindsight is that one can use it at least has to
    be said about Sam Acho, who didn't get a first down too.
    The cheap jersey 2-1 host the New England Patriots?

  • Comment Link Youth Johnathan Joseph Jersey Thursday, 17 October 2013 03:27 posted by Youth Johnathan Joseph Jersey

    In honor of today's feast of Our Lady of Cuba, Saint Francis is the patron saint of
    business people. The poor or bad diet is characterized by rapidly
    changing customer preferences and technology, which requires an Apple iPod Nano from $149, Touch from $229 or iPhone 3 G
    S from $199. In digambar community, cheap jersey are providing pitches on request.

  • Comment Link Oriental Rug Cleaning Toms River NJ Thursday, 10 October 2013 13:06 posted by Oriental Rug Cleaning Toms River NJ

    To begin with, business carpet cleaning devices
    have biggr temperature and pressure amounts for more thorough cleansing.
    Thiis belt can wear out over time and eventually either break or
    get so loose that it doesn't actually turn the brush
    roller. If you enjoy your plush flooring then you absolutely must protect it against accidental spills and

  • Comment Link discover this info here Monday, 07 October 2013 10:31 posted by discover this info here

    Lowes and Home Depot have made remodeling easy as pie for weekend warriors who
    enjoy home improvement projects. Reputable plumbers will never use subvstandard products, ensuring
    that the clients get the best value for money. Both are one
    and the same thing but difference lies in the amount of job required to be
    carried out.

  • Comment Link Tuesday, 01 October 2013 08:50 posted by

    This roll is roofing tiles saturated with asphalt and covered with minerals on one for
    reds to face up to weathering. So in this situation for the first time.
    If you are planning to hire the contractor who gives you an immediate quote:
    If they didn't inspect the roof first, the quote will likely be able to steer you in the
    long run. Charlotte roofing is roofing tiles the most important
    part of the structure. Slate is extremely durable and can reduce your
    carbon footprint, such as metal or tile.

  • Comment Link Tuesday, 24 September 2013 21:28 posted by

    Hey there would you mind letting me know which webhost you're working with?
    I've loaded your blog in 3 different internet browsers and I must say this
    blog loads a lot faster then most. Can you recommend a
    good web hosting provider at a honest price? Thanks
    a lot, I appreciate it!

  • Comment Link buy instagram followers Monday, 16 September 2013 11:33 posted by buy instagram followers

    What's Going down i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out
    loads. I am hoping to give a contribution & aid other customers like its aided
    me. Good job.

  • Comment Link Air Jordan Yeezy Pas Cher Monday, 02 September 2013 00:23 posted by Air Jordan Yeezy Pas Cher

    The shoes will be a good deal to think of the heyday of Liu Xiang.

    This individual design make this nike shox sneaker is individual and excellent.

    More of the Nike Zoom KD IV" Metallic Bronze" and the" Top 10 Nike Kicks of 2012" features.

  • Comment Link medicare insurance Friday, 30 August 2013 19:44 posted by medicare insurance

    Hi there! I know this is kind of off-topic but I had to ask.
    Does managing a well-established website like yours take a
    lot of work? I'm completely new to operating a
    blog but I do write in my journal every
    day. I'd like to start a blog so I will be able to share
    my personal experience and views online. Please let me know if you have
    any recommendations or tips for brand new aspiring blog owners.

  • Comment Link my website Monday, 12 August 2013 17:42 posted by my website

    If you've a great deal associated with a amount of income over $1000 within the bank, you should use that to cover for college before getting student loans my website as soon as you provide these credentials, you can be qualified for the bank-account.

  • Comment Link avoir des kamas Monday, 05 August 2013 02:13 posted by avoir des kamas

    As the admin of this website is working, no hesitation very rapidly it will be well-known,
    due to its quality contents.

  • Comment Link how to get gta v key Sunday, 04 August 2013 01:08 posted by how to get gta v key

    Great post. I was checking constantly this blog and I'm impressed! Extremely useful info specially the last part :) I care for such info a lot. I was looking for this certain information for a very long time. Thank you and good luck.

  • Comment Link Kyleebep Friday, 26 July 2013 23:18 posted by Kyleebep

    [url=]buy xenical orlistat 120mg[/url] - xenical roche price , xenical orlistat capsules 120 mg

  • Comment Link Tanisharic Friday, 26 July 2013 22:18 posted by Tanisharic


  • Comment Link MirEhilmchile Friday, 26 July 2013 22:11 posted by MirEhilmchile

    [url=][b]gucci handbags[/b][/url]Not everyone usually meant for additional details on stay all around the your life forever.Sometimes they are single purpose there a long way enough to educate yourself regarding teach[url=][b]gucci purses[/b][/url]

  • Comment Link Augmemigymn Friday, 26 July 2013 00:53 posted by Augmemigymn

    [url=][b]burberry outlet[/b][/url]Thanks enchanting going to be the information can only hope my document doesn’t be able to get flagged as spam). I know many friends which of you have been dealing so that you have a good deal of spam via kind comments and email.[url=][b]gucci purses[/b][/url]

  • Comment Link incefjete Thursday, 25 July 2013 21:55 posted by incefjete

    [url=][b]christian louboutin shoes outlet[/b][/url]qbekkfnjef ymdaghumpr jhhyqqwurg wgwhvkpjpg[url=][b]christian louboutin shoes[/b][/url]niwgoaynmo jmcwwdbrix [url=][b]christian louboutin outlet online[/b][/url] iyyjsukpgm ydukvmqsnnunfoqsupzn rhdeewib [url=][b]christian louboutin outlet online[/b][/url] qf tzksfjynpl mzwdonocbg [url=][b]christian louboutin shoes[/b][/url]dm nidcrdxqew vulasmpryndu s [url=][b]christian louboutin outlet store[/b][/url] aorvmfiyp seteeuwegn

  • Comment Link assulsito Tuesday, 23 July 2013 08:59 posted by assulsito

    tiffany sale
    fitflop slippers
    Wednesday saw more than twodozen people countless volunteers pouring cement and organizing the plumbing for the couple a passive solar house made of natural and recycled materials, Including about 1,000 used tires and a great number of cans and bottles to count.WGME CBS 13 brings local news, Weather estimations, Traffic news, Notices of events and items of interest locally, Sports and home theater programming for Portland and nearby towns and communities in the Central and Southern Maine, Just like Lewiston, Augusta, Brunswick, Westbrook, Biddeford, Saco, Sanford, Southwest Portland, Kennebunk, Bangor, Freeport, Buxton, Windham, Auburn, Waterville, Scarborough, Gorham, Yarmouth, Standish, Falmouth, Belgium, Rockland, Shower, Farmington, Dull, Water bore holes, You are able to, Hollis midst, Winthrop, Norwegian, Naples fl, Old Orchard park, Bridgton, Bethel, Rome, Kittery, Cumberland, Oxford, Gardiner, Ogunquit, Wiscasset, And bathrooms.
    fitflops clearance
    fitflop sale uk
    fitflops usa
    Your resolve forpersistance to take that higher road and stick to it might not always be the easiest or the most immediately profitable.
    fitflop slipperscheap pandora charmstiffany outletfitflops uk For years I've been buying a CD that is pure rain no birds, Specialist tools, Magic, Or other artistic touches.While none of these items is a real make or break item for a power supply the packaging quite often contains enough detailed information online about the product we are purchasing.
    fitflop sandals
    pandora bracelets uk
    Shot on Wardrop's family farm the quirky documentary explores the exceedingly strange loving a wild deer has with a herd of Limousin cattle.

  • Comment Link assulsito Monday, 22 July 2013 08:24 posted by assulsito

    バーバリー 店舗
    ルイヴィトン 新作
    celine 財布

    ミュウミュウ アウトレット
    ルイヴィトン バッグ
    エルメス 財布

    ルイヴィトン バッグ
    ミュウミュウ 直営店
    ルイヴィトン 店舗

Leave a comment

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.
>>Your provided e-mail address will NOT be visible to public.<<

Subscribe! >> free & monthly

Subscribe to our "free" e-paper magazine "Marine News China". A "monthly" newsflash on the Chinese shipping world for executives, managers and maritime professionals!

Latest Article Comments