Piracy in Somalia costs $1.4bn in 2017
Six years since the piracy bubble burst in Somalia, the threat is far from subdued according to Oceans Beyond Piracy’s assessment. Piracy in East Africa remains considerably more expensive than in West Africa, but that could soon change if the trend continues
Criminal networks in Somalia are still capable of sophisticated attacks, as spillover threats from the war in Yemen compound West Indian Ocean dangers, OBP reports
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