Prolific Somalian Pirate Incarcerated

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Former Somalian pirate Mohamed Abdi Hassan has been jailed for a total of 20 years due to the hijacking of the Belgian ship Pompeii in 2009 when 10 crew members were held hostage for a ransom of US$2 million, according to gCaptain.

The ransom was paid in full for the release of the hostages, highlighting how piracy remains a lucrative business for pirates.

Global piracy in 2015 was of such a magnitude that it cost the maritime industry around $13-16 billion, with around 75% of incidents occurring in Asia.

One of the most recent incidents of maritime piracy was reported by PTI in February, 2016 when a merchant ship was hijacked by Nigerian militants.

As well as piracy being a big issue in the maritime industry, corruption has also been highlighted as a major problem.

Technical Paper: Port Security and the Effect of Piracy

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