February
03, 2009
–
You
know the security
situation of a given
region has taken a turn
for the worse when
Blackwater Worldwide, the
security services behemoth
best known for its work in
Iraq, sees the downturn as
a business opportunity.
Recent reports indicate
the North Carolina-based
firm is building a small
but potent flotilla to
deliver maritime
protection against the
increased threat of
international piracy.
Pirates were on the wane
and marginalized to a
select few global
waterways only a few years
ago, but their attacks
have skyrocketed off
Somalia's coast, the
longest in Africa and
located along one of the
most heavily trafficked
shipping lanes in the
world. Controlling Somali
piracy will take a
potentially lengthy
military and diplomatic
campaign to reinstate the
rule of law. The election
of a moderate Islamic
cleric as president over
the weekend may be a step
toward stability, but
Somalia still faces
daunting challenges.
The statistics are
staggering: 111 pirate
attacks off Somalia's
coast in 2008, with more
than 60 successful
hijackings, representing
almost 40 percent of
worldwide attacks. The
Chinese foreign ministry
estimates that about 20
percent of its vessels
have come under attack
while passing near
Somalia. Nearly 400 crew
members along with their
ships are currently being
held for ransom.
As a result, the
international shipping
industry is taking quite a
hit. Insurance premiums
are rising, and many
shippers are seriously
considering rerouting
their cargo around
Africa's southern tip.
Higher premiums and longer
voyages raise the cost of
goods worldwide just as
much of the world is in
the midst of a recession.




