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Cost of Somali Piracy Dropped in 2012

10 Apr 2013
The cost of Somali piracy to the global economy in 2012 dropped 13 percent year-over-year to about $6 billion, as navies and private armed guards stepped up their presence to prevent attacks...
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Pirates Release Chemical Tanker, Crew
08 Mar 2013
Seventeen Indian sailors, held captive by Somali pirates for more than a year, were freed Friday following intense diplom
 
US Convicts Five Somalis of Navy Ship Attack
05 Mar 2013
Five Somalis have been convicted by a U.S. federal jury of engaging in piracy and committing other offenses regarding the attack on the Navy ship, the USS Ashland.
 
Somalia Grants Amnesty to Young Pirates, But Not Gang Bosses
28 Feb 2013
Hassan Sheikh Mohamud, Somalia’s president, has granted an amnesty to hundreds of young Somali pirates to reduce the threat to shipping in the seas near the Horn of Africa, a senior regional official said...
 
Shipping Industry Provides $1 Million for United Nations’ Somalia Initiative
08 Feb 2013
“K” Line, Shell, BP, Maersk, Stena, NYK and MOL are jointly collaborating with the United Nations Development Programme to support capacity building projects and job creation in Somalia.
 
UK Allocates $3.6 Million to Tackle Piracy
23 Jan 2013
The U.K.’s Foreign & Commonwealth Office Minister Alistair Burt has specified how the department’s maritime security funds will be spent this financial year.
 
Piracy Falls to Five-Year Low
16 Jan 2013
Pirates attacked 297 ships in 2012, a five-year low and a 32 percent decrease compared with 2011’s 439 ship attacks, according to a global piracy report by the International Chamber of Commerce’s International Maritime Bureau.