Somali piracy attacks surged between 2005 and 2011. Although maritime piracy is as old as seaborne trade, and currently pirates also prey on ships in the Straits of Malacca and the waters of Southeast Asia, the Caribbean seas, and the Gulf of Guinea, what is unique about Somali pirates is the high frequency of attacks. Somali pirates almost exclusively attack vessels to hold cargos and crews hostage and negotiate their release in exchange for ransom...
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DETAILS
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2013/01/01
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Working Paper
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76713
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2
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2015/10/23
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Disclosed
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executive summary
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small and medium enterprise
Citation
Do,Quy-Toan.
The pirates of Somalia : ending the threat, rebuilding a nation (Vol. 2 of 2) : executive summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/840211468188347064