Economic Cost of Piracy 2010

Economic Cost of Piracy 2010

Oceans Beyond Piracy is pleased to present its third annual assessment of the Economic Cost of Somali Piracy 2012 (ECoP 2012). This year's assessment, like the one before it, considered nine separate cost categories and found that maritime piracy cost the global economy between $5.7 and $6.1 billion in 2012. This figure reflects a drop in the cost of piracy to the global community of around $850 million, or 12.6% from 2011.

See the full report here. 

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Type of Document:
State of Maritime Piracy
Region:
Somalia