The Cost of Piracy – Latest Research Study

Modern maritime piracy has become a significant issue which costs the global economy $24.5 billion per year. The International Maritime Organization (IMO) reports that attacks in major waterways have increased over the past decades. Extensive research has been done with regard to countering piracy and understanding the resurgence of attacks since early ’90s. […]

Source: Piracy Studies Org (A.Knorr, University of Colorado)

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