A new drive to tackle pirates shows the threat they cause is still prevalent, says maritime security company, Typhon.
As a new multinational agency launches to reduce piracy, maritime security firm Typhon warns that the spread of the problem is a major issue that is damaging world trade.
The Regional Anti-Piracy Prosecution & Intelligence Coordination Centre (RAPPICC), a multinational agency based in the Seychelles and largely funded by the UK government, has launched with the aim of targeting the leaders of piracy groups. The initiative launched amid worries about inadequate protection from maritime crime with the expected withdrawal of EUNAFOR naval presence from the Gulf of Aden in 2014.
Typhon, which has launched its own offensive in the global struggle against maritime crime, says there is a very real problem faced by the shipping trade today. While Typhon offers protection around the infamous coast of Somalia, CEO Anthony Sharp, is quick to point out that this hotspot is not the only area where the shipping industry is at risk. He also alludes to the repercussions being felt around the world following international instability.
He said, “Although experts are now coming together to discuss key issues, what businesses need now is practical on the ground support that helps them navigate what can be very dangerous stretches of water. Business confidence is becoming severely affected, not just by Somalian piracy, but events like those taking place in a number of politically unstable geographies along key shipping routes. Regardless of the cause of unrest, the upshot is always detrimental to the growth of international trade, which in an increasingly global marketplace is a worry. There has been a rise in geopolitical uncertainty and instability that has to be countered with the free flow of goods, particularly with sea-bound transportation.
“The companies we deal with are concerned about whether they can receive a safe passage through increasingly dangerous waters. This is especially critical for those involved in the shipping of valuable cargo such as oil, whereby damage to cargo or significant delays can have huge implications further along the supply chain. Shipments have been known to get held up as a result of piracy but also through other maritime crime and conflicts.”
According to studies quantifying the cost of piracy conducted by One Earth Future (OEF) Foundation, piracy is costing the global economy between $7-12 billion per year, and the global cost of Somali piracy is between $6.6 and $6.9 billion per year. There are currently over a hundred hostages being held by pirates.
“Governments have stepped up safeguards, particularly in areas where there are oil rich reserves. The enquiries we’ve had from governments and companies looking to restore stability display the real need for effective private protection. It’s imperative that they have the means through which they can reduce the risk of being targeted, which will enable a more robust and reliable method of international shipping.”
ABOUT TYPHON
Typhon is the first naval-grade private convoy protection for 220 years.
The company’s mother-ship, marines and fast patrol boats carry a satellite-led early warning system (‘ATLAS’) detecting potential threats at long range.
Typhon is operated by senior ex-RN and RM officers, with the backing of two major international shipping companies.
The board includes Simon Murray CBE, General Lord Dannatt, General Deverell and Admiral Ulrich (USN 4*).
Typhon’s fully Integrated Protection Model reduces shippers’ risks and costs.