The Somali Piracy Model: Coming to a Sea Near You

Over the past decade, the western Indian Ocean unexpectedly emerged as a hotbed for maritime crime as pirates — safe-havened in Somalia — menaced seafarers as far east as the Maldives. Shipping companies have been hit hard, with one estimate placing the direct costs of Somali piracy at $5.5 billion in 2011. Despite a multinational naval flotilla deployed to counter the pirates, attacks continued to grow last year. 

ExMergere

Following a report from Ocean Beyond Piracy, the cost of piracy in 2011 was around 7 billions $, most of it being the “increased speeds” (40% of the costs) plus 9% of re-routing.

All this means that around 3.5 billions $ are spent in fuels … Is piracy a threat to ecology?