Somali Piracy Threatens Regional Security and Global Economy

The United States of America today said the challenge posed by piracy off the coast of Somalia is immense and represents a major threat to regional security and the global economy.

In his remarks on “Arms Control and International Security: Somali Piracy,” Assistant Secretary Andrew J. Shapiro said piracy is an issue in which the private sector, and the maritime industry in particular, are on the front lines.

“Commercial shipping vessels provide a constant stream of targets for Somali pirates.” -Mr. Shapiro

He cites that the world lives in an era of complex, integrated, and on-demand global supply chains.

People in countries around the world depend on secure and reliable shipping lanes for their medicine, their food, their energy, and consumer goods, Mr. Shapiro said.

A collage of pirates armed with AKM assault rifles, RPG7 rocket-propelled grenade launchers and semi-automatic pistols.

He stresses that by preying on commercial ships in one of the world’s busiest shipping lanes, piracy off the Horn of Africa threatens more than just individual ships.

“Piracy threatens the life blood of the global economy, and therefore global security and stability.” -Mr. Shapiro

Over the years, thousands of crew members have been taken hostage and many in the maritime industry have lost their lives as a result of piracy.

Even as international action has been taken to address the challenge, the pirates seem undeterred.

Flush from the money made from ransom payments, pirate operations have become more sophisticated, Mr. Shapiro highlighted..

“Somali pirates now operate in a total sea space of approximately 2.5 million square nautical miles. To put that in context that’s roughly the size of the continental United States.” -Mr. Shapiro

He stresses that piracy is a threat that Obama Administration has been working hard to address.

The United States has pursued a multilateral and multi-dimensional approach that focuses on security, deterrence, diplomacy, and prevention.

Security has increased through U.S. and multi-national naval escorts and patrols, which continue to escort convoys of commercial ships and patrol high risk waters, according to Mr. Shapiro

Mr. Shapiro reports up to 30 vessels from as many as 20 nations conduct counter-piracy operations in the Gulf of Aden and beyond.

U.S. and international naval forces have thwarted pirate attacks in progress, engaged pirate skiffs and mother-ships, and successfully taken back hijacked ships during opposed boardings, he noted

The world has sought to deter piracy, through effective apprehension, prosecution and incarceration of pirates and their supporters and financiers.

Today, over 1,000 pirates are in custody in some 20 countries around the world, many of whom have been convicted and sentenced to lengthy prison terms, Mr. Shapiro reported

However, Mr. Shapiro highlighted that it is not just countries in the region that recognize the problem.

The US government has also sought to rally the wider international community to address the problem posed by piracy.

Piracy continues to pose a severe threat to the maritime industry, global trade and therefore the entire global economy, Mr. Shapiro stressed.

He stresses that governments and industry will need to continue to work hand-in-glove to address this problem.

On 2010, 286 piracy-related incidents off the coast of Somalia were reported, resulting in 67 hijacked ships, with 1,130 seafarers on board; while a recent study estimated the cost to the world economy from disruptions to international trade at between $7 billion and $12 billion.

Mina Fabulous
Mina Fabulous follows the news, especially what is going on in the US State Department. Mina turns State Department waffle into plain English. Mina Fabulous is the pen name of Carmen Avalino, the NewsBlaze production editor. When she isn't preparing stories for NewsBlaze writers, she writes stories, but to separate her editing and writing identities, she uses the name given by her family and friends.