Thursday, August 25, 2011

Pirates have cost the world economy 12 billion dollars

Damage to the world economy from maritime piracy in 2010 amounted to 7 billion to 12 billion dollar company around the world were forced to buy additional insurance, and raise tariffs on shipping due to rampant piracy in 2010. According to the report of the Royal Institute of International Studies (Chatham House), this resulted in a loss to the world economy of $ 7 billion to 12 billion dollars, writes Vedomosti. According to the report's authors, almost all the losses - 95% - of the world shipping is applied Somali pirates. Next, in descending order, followed by the robbers, operating off the coast of Nigeria, Guinea and in the Malacca Strait. The authors estimate the report, the damage from sea piracy worldwide increased five times compared with 2005, with certain articles of the damage experienced rapid growth. Thus, the average size of repayment of the vessel in 2010 was 6.4 million dollars compared with 3.4 million dollars in 2009 and 150 thousand dollars in 2005. Global shipping companies have been forced to resort to bypass the pirate waters of approximately 10% of the regular lines. This leads to their elongation and the direct rise in the cost of freight. For Egypt, it meant a loss of about 20% of charges for the passage of the Suez Canal. In calculating the damages took into account other factors, including cost of operation of warships, which were sent to protect the global shipping from pirates.

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