Sea Piracy Falls To 5-Year Low As Somali Gangs Retreat -- Reuters
(Reuters) - International naval patrols off Somalia and armed private guards on board ships have driven pirate attacks to a five-year low in 2012, but the risk to shipping off west Africa is growing.
Somali piracy in the busy shipping lanes of the Gulf of Aden and the northwestern Indian Ocean off east Africa cost the world economy some $7 billion in 2011, according to the American One Earth Future foundation.
Global pirate attacks on ships fell to 297 in 2012, compared with 439 in 2011, and was at its lowest since 2008 when 293 incidents were recorded, watchdog the International Maritime Bureau (IMB) said on Wednesday.
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More News On Sea Piracy Falling To A 5-Year Low
World sea piracy falls to five-year low in 2012 as naval patrols deter Somali pirates -- Washington Post/AP
Piracy Plunges to Lowest in Years on $1 Trillion Trade Route -- Bloomberg Businessweek
World sea piracy falls to five-year low in 2012 -- Huffington Post
Sea piracy attacks worldwide drop to five-year low in 2012 -- National Multimedia
IMB Reports Piracy Falls in 2012, But Seas off East and West Africa Still Dangerous -- Insurance Journal
Pirates Carry Out Fewer Attacks in 2012 – IMB -- gCaptain
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