The Cost of Piracy
The Human Cost of Piracy
June 2012: Human Cost of Somali Piracy 2011. In June 2012, One Earth Future's Oceans Beyond Piracy Project concluded the second of a two-part study on the human cost of maritime piracy. Each year, thousands of seafarers suffer physical abuse and emotional trauma at the hands of Somali pirates and the problem is worsening. This report details the types of experiences faced by captured seafarers and the physical and emotional costs to seafarers, their families, and Somali society.
Read the 2011 Human Cost of Somali Piracy - Full Report or the two-page summary. For further details, contact Kaija Hurlburt: firstname.lastname@example.org
The Economic Cost of Piracy
February, 2012: The Economic Cost of Somali Piracy, 2011. Oceans Beyond Piracy, a project of One Earth Future, launched the 2011 Economic Cost of Somali Piracy at a press conference in London on February 8, 2012. In 2011, Somali
pirates attacked 237 ships and successfully hijacked 28. Piracy impacts
multiple stakeholders, none more so than the seafarers attacked, held hostage,
or killed. Oceans Beyond Piracy’s report on the “Economic Cost of Somali
Piracy” estimates that piracy cost nearly $7 billion in 2011. The study
assesses nine different cost factors, and finds that over 80% of the costs are
borne by the shipping industry, while governments account for 20% of the
expenditures associated with countering piracy attacks. This project was
produced in collaboration with multiple maritime representatives from industry,
government, and civil society. For an overview of the report data, download the press release.
January, 2011: The Economic Cost of Maritime Piracy, 2010. One Earth Future's Oceans Beyond Piracy project concluded a large-scale study to quantify the cost of piracy in 2010.
Based on our calculations, maritime piracy costs the international
economy between $7 to $12 billion USD per year. This report details the
major calculations and conclusions made in the study. These findings are
also summarized in our Cost of Piracy brochure.
The Economic Cost of Piracy project is designed to be a collaborative
effort and we welcome feedback and suggestions from stakeholders
concerned with the issue of maritime piracy. We hope that it will be a
useful tool for analysts and policy makers working towards solutions to
this persistent crime. For further details, contact Anna Bowden: email@example.com