INDUSTRY INFO

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.

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