Thousands of seafarers have been subjected to gunfire, beatings, confinement, and in some cases torture, in the Indian Ocean and Gulf of Aden. In spite of the violent nature of these crimes, the human cost of piracy is under-reported and misunderstood by the public.

At the end of 2010, around 6 pirates. 1 00 seafarers from more than 18 countries are being held hostage by Piracy clearly affects the world’s largest trade transport industry, but how much is it costing the world? One Earth Future the cost of piracy as part of its (OEF) Foundation has conducted a la...

Maritime piracy continues to afflict the modern world. Basing their operations in places like Somalia, modern pirates have been able to launch attacks on ships traveling some of the world’s most trafficked waterways.