Ship Management 16th October. Marine piracy cost the global economy £3.8bn last year. Just over £1.25bn was spent on hiring armed guards to protect valuable cargo and £40m was spent on ransoms. A new device is enhancing the protection of ships against those who wish to get on board using ladders and grappling hooks. See Marine Security Solutions.
There is considerable concern about the existence of various websites which indicate the position of ships and the cargo being carried.
Previous post on piracy:
Piracy - A major problem in modern times - 14th February 2012.
22nd October - Suspected Somali pirates captured by navy led forces after attack on supertanker
4th November 2013 - The Horn of Plenty: How piracy becamse a $413m business