ShippingWatch

Pirate analyst: Piracy must be suppressed through generous investments

It is of utmost importance that both shipping companies and the international community continue to invest in anti-piracy, says pirate analyst Anna Bowden to ShippingWatch.

Photo: Søværnet

Long-term solutions and major investments are necessary if piracy is to be held at its current level or entirely suppressed in the waters off Somalia’s coasts. This is the assessment made by Anna Bowden, associate director of Shuraako, a NGO working with capacity build-up in the Somalian civil society. In 2010 and 2011, Anna Bowden co-authored the report ‘Economic Cost of Somali Piracy’ which the think tank One Earth Foundation publishes.

On Tuesday, a similar report for 2012 was published. The report showed that the number of pirate attacks off Somalia has dropped with 70 percent from 2011 to 2012. Despite the lower number of attacks, the shipowners and the international community continue to invest billions in anti-piracy. In 2012 alone, 6 billion USD went in particular to military prevention, increased fuel costs, and private guards on board. And the investments should keep coming if piracy is to be suppressed, states Anna Bowden.

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