Piracy and World Maritime Day
Today, Thursday, is World Maritime Day. I recently received this infographic on modern-day piracy around the world, and efforts to combat it. Although it’s presented in a fun format, it contains some useful information about what remains a serious problem in some parts of the world. You can view a slightly larger version here.
This graphic was sent me by Tom Murphy of Nature’s Water Ltd., a water treatment and filtration company in Ireland. Thanks for the graphic, Tom!
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It’s interesting that most carriers don’t report piracy for fear of increased insurance costs. This, of course, reduces the chances of catching pirates. Also, isn’t this in some akin to a medical insurer raising rates on someone who happens to be hurt in a random accident, such as being struck by a hit-and-run driver? It’s not as if the shipper has done anything to encourage the attack. I could see an insurer raising rates for an entire region that was suffering from an increase in piracy, but to penalize a single shipper for reporting an attack seems counterproductive.