Pirates of Somalia

Piracy In Somalia



First reported in 2005



$US 315-385 millions in losses

149 ships ransomed

82-97 casualties reported

4,000,000 km of operations



Impact In The World

Somali pirate operate far beyond Somali national waters and into the Indian Ocean, the Red Sea, and the Gulf of Aden. Somali pirate attacks have been reported for the last 8 years estimating losses up to $385 million and have caused up to 97 casualties.



Pirates have hijacked

3741 crewmembers from 125 different nationalities

who have been detained for up to 3 years



Resulting in a

loss of 7.4% yearly trade compared to pairs of countries that trade through other sea routes



Tax update increase 1.1% ad-valorum tax

this means an extra tax on the total value of all shipments carried through the zone where pirates operate



$US 18,000,000,000 loss to the world trade economy

$US 53,000,000 is received annually for ransom payment



Low-income countries are disproportionately affected



Somali pirates have the ability to win support from, among may others, government officials, businessmen, clan elders and members, militia, and religious leaders, and members of local communities. Piracy in Somalia is costing the worldwide economy too much, while piracy's income is not nearly as profitable as the losses.



25 % of imports/exports in low-income countries are classified as affected



suupliers of food and khat; militiamen; and providers who can move and launder ransom proceeds can charge pirates significant markups on their goods and services.



70-86% of piracy proceeds are split by instigators and commanders



Impact in Africa & Somalia

Somalia piracy is singular for its scale, geographic scope, and violence which has created public anxiety. Effective and sustainable interventions over the long term will require shifting focus from the perpertrators to the enablers of piracy.



Tourist Industry

6.5%

drop on visits to East African coastal countries compared to visits to other countries.



25% less than any sub-Saharan African country



Fishing Industry

100

hijackings in fishing zones

44

fishing vessels

some are still captive

234

fishermen were on vessels that sunk or were taken captive, some are still captive

26.8%

of the annual tuna catch has beenn affected by pirates PIRACY IN SOMALIA First Reported in 2005 SUS 315-385 million in losses Pa n 149 ships SOMALIA h ransomed Allt 4,000,000 km of operations 82-97 casualties reported Somal pirate operate far beyond Somali national waters and into the Indian Ocean, the Red Sea and the Gulf of Aden Somali pirate attacks IMPACT IN THE WORLD have been reperted for the last 8 years estimating losses up te $385 milion and have caused up to 97 casualties. 3741 ctewmezhbers from who have been delathed for Joss of up to 3 years 7.4% yearly knde 125 different nationutles compared to pairs of countries that trade through other sea routes TAX UPDATE SUS 18,000,000,000 Inerease 1.1% this means an eatra tax on the Joss to the world trade econorny tal value of all shipments canied through the one where pintes oprte ad-valorum tax SUS 53,000, 000 is received annually for ransom payment LOW-INCOME COUNTRIES ARE Somal pirates have the ability to win support from, ameng many others, gevement effielals, basinemen, clan elders and mem bers, militia and religious leaders, and members of localcom muni- ties. Piracy in Somalia is costing the worldwide economy too much, while piracy's income is not nearly as profitabla the losses. DISPROPORTIONATELY AFFECTED 70-86% of piracy proceds are spik by irstigators and comatanders suppliers of food and khat; militi amem; and providers who can move and lander ransam proceeds can charge pirates igniiennt markaps on their goods and 25% of imports/exports in servikes low-income countries are classifiedasaffected IMPACT IN AFRICA & SOMALIA Somali piracy is singular for its scale, geographic scope, and violence which hasereated pablic ansiety. Efective and wastainahle interven tions over the lang term will require shifting focus from the perpetrators to the enablers of piracy. FISHING INDUSTRY TOURIST INDUSTRY 100 6.5% drop on visits to East African coatal coantries compared to vists to other peuntries hijackings in fishing zones 44 25% fishing vessels less than any sub-Saharan African coumtry some are still captive 234 fishermen were on vessels that sunk or were taken captive, Nome are still captive 26.8% of the annual tuna catch has been affected by pirates (te Source The Pirates of Somalia: Ending the Threat, Rebuilding a Nation. World Bank, 2013 http://www.worldbank.org/africa Africa | Region @WorldBankAfrica THE MID BAE