The Effect of Maritime Piracy on Greek Shipping. Samiotis George, Psarrou Vasileia, Pazarzis Michael and Tselentis Vasilis Dept. Maritime Studies, University of Piraeus, Piraeus - Greece. Methodology. Questionnaires to Greek maritime companies.
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The Effect of Maritime Piracy on Greek Shipping
Samiotis George, Psarrou Vasileia, Pazarzis Michael and Tselentis Vasilis Dept. Maritime Studies, University of Piraeus,
Piraeus - Greece
Analyze the phenomenon of piracyand the cost imposed on maritime companies.
Compile measures for tackling piracy and evaluate effectiveness.
Decline of Somali attacks 2012 – 2013.
In 2011, pirates earned $146m ($111 in 2010), an average of $4.87m per ship, from ransom paid by shipping firms.
However, IMB states that policing and interventions by international navies are deterring pirates, along with ships employing Best Management Practices (IMO), including the use of armed guards and other onboard security measures.
The costs incurred by maritime piracy are expected to be high for Greek shipping companies, since they represent 16,3% of world tonnage.
Greek maritime companies:
85% of all maritime firms state that maritime piracy has a serious effect on the shipping industry
Some differentiation is seen in the ship type as a target for a pirate attacks, compared to the world wide picture
Maritime firms agree that pirate attacks in Somalia are diminishing, however there are already 100 incidents in 2013 (Somalia 6 (1 hijack) BUT in Nigeria 19 incidents)Pirates – collaborators and international interests are restructuring, investing in new technology and will strike again, in other parts of the world, not necessarily only in Somalia.