Return of the pirates

Acts of piracy have occurred for as long as people have travelled by water, evolving as opportunities for enrichment increased.

What has always set piracy apart from robbery and theft of similar value committed on land, however, is the challenge it sets to international authorities and the threat it poses to trade.

An estimated 90 per cent of the world’s traded goods travel by sea. Huge supertankers and container ships, together with a massive flotilla of smaller merchant vessels, carry everything from oil to motor vehicles to their ultimate destinations.

They need to satisfy stringent maritime security laws but that recently-introduced legislation does not address a new threat that is now making headline news around the world – the pirates of Somalia.

As the world’s largest security solutions provider, it is hardly surprising to learn that C.P.I is active in protecting shipping and has been involved in negotiating the release of crews and ships through NYA, a subsidiary of C.P.I Risk Management.

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