Somalia: An international problem

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2010
• 219 attacks off Somalia
• 49 vessels were hijacked
• 1,016 people taken hostage
• Average ransom was $5.4 million per ship in 2010
(compared with $150,000 in 2005)
• Estimated annual cost of piracy was $5 – $8 billion
• Individual Somali pirate’s earnings were anywhere from
$33,000 to $79,000
2011
• No sign of any let up
• Some 33 vessels already hijacked this year and 26
currently held
• 758 hostages taken and 522 at present
• 7 murders committed by Somali pirates – 3 crew on
board the Beluga Nomination and 4 killed on yacht
Quest
• Ransoms increasing – $9 million for SAMHO DREAM
• Average hijacking duration reached 214 days
• Anticipated costs to shipowners for having 3 – 5 armed
guards on each ship could reach $100 million
Sources: IMO, ICS, ICC & Seamen’s Church Institute

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