ShippingWatch

Danish anti-piracy firms profit from piracy threat

The change in force and frequency of pirate attacks in Somalia and Nigeria has proven beneficial to Danish subcontractors and security services companies. There is money to be made from the piracy threat, the companies tell ShippingWatch.

The number of pirate attacks is not drastically increasing, but the violence and the brutality of said violence is intensifying and that means more business for the Danish security company Citadel Solutions and the two security services companies Guardian Human Risk Management and AS Solution. Armed guards from companies such as these constitute a contributing and deterring factor keeping the number of pirate attacks at the status quo. Therefore, several companies are interested in having guards on board.

AS Solutions have run operations for 10 years. The company really gathered momentum and begun educating and sending Danish armed guards to the merchant fleet when in 2011 it became legal for companies to take along armed guards on voyages. The interest has continued to grow:

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