Abstract
According to Dr Martin Stopford, Chief Analyst at Clarkson Research, ‘Piracy activity off Somalia is a business that grows faster than China’s import of iron ore’ (The Shipping Gazette 2010). In 2010 alone, the Somali brigands attacked 286 vessels, hijacked 67 of them, took 1,130 hostages and earned more than $238 million (ICC International Maritime Bureau 2010).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
AFP (December 2010) Somali piracy flourishes into lucrative business
Airsoft Net World (2011) Available at http://www.airsoftworld.net/russian-mania-workshop-rpg-7-full-metal-and-wood-rocket-launcher.html. Accessed 25 Mar 2011
Ak47world.com (2011). Available at http://www.ak47world.com/. Accessed 25 Mar 2011
B.B.C. (January 2009) Timeline Somalia. Available at http://news.bbc.co.uk/1/hi/world/africa/country_profiles/1072611.stm. Accessed 25 Mar 2011
B.B.C. (March 2011) Who do pirates call to get their cash. Available at http://news.bbc.co.uk/1/hi/magazine/7847351.stm. Accessed 25 Mar 2011
Berdal M, Wennmann A (2010) Ending wars, consolidating peace: economic perspectives, Adelphi Series
Bloomberg (April 2011) Piracy syndicates feed off ransom payments, U.S. Navy Chief Sa. Available at http://www.bloomberg.com. Accessed 21 Apr 2011
Business Standard (March 2011) India’s pirate catch a drop in the ocean
Chosun (February 2011) Somali pirates helped by international brokers
CNN (February 2011) Security expert on pirates and hijacking. Available at http://edition.cnn.com/video/data/2.0/video/bestoftv/2011/02/22/exp.ac.yacht.hijacking.cnn.html. Accessed 10 Mar 2011
CNN (June 2010) Somaliland election observer killed; ballots being counted. Available at http://www.cnn.com. Accessed 25 Jan 2011
Council of Foreign Relations, Bronwyn E. Bruton Interview (March 2010) Disengaging from Somalia. Available at http://www.cfr.org/somalia/disengaging-somalia/p21619. Accessed 25 Jan 2011
Coutroubis A, Kiourktsoglou G (April 2010) Somali piracy vs. fishing activities in the country’s territorial waters and its exclusive economic zone. Briefing paper. University of Greenwich, London
Coutroubis A, Kiourktsoglou G (December 2009) How pirates track ships in the open waters? University of Greenwich
Daily Nation (October 2010) Investigation suggests Kenya has ties with piracy
Eisenhardt K, Sull D (2001) Strategy as simple rules. Working paper, Harvard Business Review. Available upon purchase at http://www.hbr.org. Accessed 16 Mar 2011
Hansen SJ (2009) Piracy in the greater Gulf of Aden/Myths, misconception and remedies. Norwegian Institute for Urban and Regional Research, Oslo Norway
IBNLive.com (2011) Inside Somali pirates’ den. Available at http://www.youtube.com/watch?v=Q1i3OtuTUMY&feature=player_embedded. Accessed 20 Mar 2011
Idarat Maritime (2011) Large pirate support vessels – “LPSVs”. Available at http://www.idaratmaritime.com/wordpress/?category_name=pirate-organizations-methods. Accessed 8 Mar 2011
ICC International Maritime Bureau (2010) Annual Report 2010. Piracy and armed robbery against ships. Available upon request at http://www.icc-ccs.org/. Accessed 3 Mar 2011
Jost PM, Sandhu HS (2000) The Hawala alternative remittance system and its role in money laundering. Interpol General Secretariat, Lyon
Korea Times (February 2011) Pirates knew Samho route in advance
Neptune Maritime (2011) Growing calls for armed guards to defend ships against piracy menace. Available at http://neptunemaritimesecurity.posterous.com/. Accessed 30 Mar 2011
New York Times (June 2010) Rare haven of stability in Somalia faces a test. Available at http://www.nytimes.com. Accessed 12 Nov 2010
Platts (September 2010) Hijacked S Korea VLCC Samho Dream turned into pirates’ mother ship
Porter ME (1990) The competitive advantage of nations. Palgrave Macmillan, Great Britain
Reuters (December 2009) Somali sea gangs lure investors at pirate lair. Available at http://www.reuters.com. Accessed 20 Mar 2011
Reuters (January 2010) Ransom paid for oil tanker, Somalia pirates feud. Available at http://uk.reuters.com/article/2010/01/17/idUKLDE60G0DX. Accessed 10 April 2011
Reuters (February 2011a) Piracy becoming a criminal enterprise. Available at http://www.reuters.com. Accessed 20 Mar 2011
Reuters (March 2011b) Somali pirate: I made $2.4 mln from ransoms in 2010. Available at http://www.reuters.com. Accessed 20 Mar 2011
RIA Novosti (March 2011) U.S. will not use ground troops to fight Somali piracy – State Dept
Second Line of Defence (April 2011) Developments in pirate trends and tactics
EUNAVFOR Somalia (2011) Available at http://www.eunavfor.eu/. Accessed 25 Mar 2011
Stopford M (2009) Maritime economics. Routledge, Oxon
The East African (March 2010) Piracy costs shipping firms over $100m annually, says report
The Economist (February 2011a) Piracy: not stopping them. Available at http://www.economist.com/. Accessed 25 Mar 2011
The Economist (March 2011b) Where life is cheap and talk is loose. Available at http://www.economist.com/. Accessed 25 Mar 2011
The Shipping Gazette (September 2010) Piracy grows faster than Chinese ore import. http://www.shipgaz.com. Accessed 28 Sept 2010
The Standard (March 2011) Lawyer tells how he helps pirates
U.S. Department of State (March 2010) Assistant Secretary Shapiro Highlights International Efforts to Bring Pirates to Justice. Available at http://www.state.gov/r/pa/prs/ps/2010/03/139333.htm. Accessed 25 Feb 2011
United Nations Security Council (January 2011) In Race between Pirates and International Community Pirates clearly winning. Available at http://www.un.org. Accessed 15 Mar 2011
United Nations Security Council (July 2007) Security Council extends mandate of group monitoring Somalia arms embargo for six months. Available at http://www.un.org/News/Press/docs/2007/sc9083.doc.htm. Accessed 15 Mar 2011
United Nations Statistics Division (January 2008) Available at http://unstats.un.org/unsd/demographic/products/socind/population.htm. Accessed 17 Apr 2011
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2013 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Kiourktsoglou, G., Coutroubis, A.D. (2013). Somali Piracy: Understanding the Criminal Business Model. In: Mejia, Jr., M., Kojima, C., Sawyer, M. (eds) Piracy at Sea. WMU Studies in Maritime Affairs, vol 2. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-39620-5_17
Download citation
DOI: https://doi.org/10.1007/978-3-642-39620-5_17
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-39619-9
Online ISBN: 978-3-642-39620-5
eBook Packages: Humanities, Social Sciences and LawLaw and Criminology (R0)