Why is piracy picking up off Somalia’s coast again?
One Earth Future’s Oceans Beyond Piracy programme, a maritime security initiative set up during the Somali piracy crisis, estimated that piracy off Somalia’s coast cost the global economy between $6.
The international response to piracy helped turn nearby Djibouti, which sits on the narrow Bab al-Mandeb Strait between the Red Sea and the Gulf of Aden, into a hub for foreign military forces.
The increase is significant, but still far below the scale of the crisis in the early 2010s, when the International Maritime Organization, the United Nations agency responsible for shipping safety and security, recorded around 200 attacks a year.
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