Piracy costs shipowners $6 billion annually
![Photo: IMO](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article5270166.ece/ALTERNATES/schema-16_9/6883422372_8363ba5d30_o.jpg)
Piracy is an expensive cost for the shipping companies which in 2012 spent 6 billion USD on crackdowns on piracy attacks. This is evident from a new report by the task force Oceans Beyond Piracy, which belongs under the private fund One Earth Future Foundation.
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