Last year, almost 200 ships were attacked at sea by pirates. The majority of ships was successfully boarded. The annual global loss due to piracy is estimated at 7 billion. Aside from human casualties, the financial losses for ship owners are substantial:
- Up to 1 million US dollar per day due to loss of delivery capacity
- Increased insurance premiums of up to 150,000 US dollars per voyage
- Ransom payments
- Potential loss of cargo
But piracy isn’t the only hazard at sea. This year already 16 vessels were taken out of service for several months after a fire. The average damage per incident is over 16 million US dollars.