The Effect of Maritime Piracy on Greek Shipping

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The Effect of Maritime Piracy on Greek Shipping. Samiotis George, Psarrou Vasileia, Pazarzis Michael and Tselentis Vasilis Dept. Maritime Studies, University of Piraeus, Piraeus - Greece. Methodology. Questionnaires to Greek maritime companies. - PowerPoint PPT Presentation

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  • The Effect of Maritime Piracy on Greek ShippingSamiotis George, Psarrou Vasileia, Pazarzis Michael and Tselentis Vasilis Dept. Maritime Studies, University of Piraeus, Piraeus - Greece

  • MethodologyQuestionnaires to Greek maritime companies.Sent 100, received 35 and our research is on going.Personal interviews.Management of pirate incidents, complying with BMP4 and use of armed guards, Humanitarian response.

  • Our aimAnalyze the phenomenon of piracy and the cost imposed on maritime companies.

    Social awareness.

    Compile measures for tackling piracy and evaluate effectiveness.

  • Managing Countries whose ships were attacked (2012)

  • Maritime Piracy The most modern and organized form of highly a growing & profitable criminal "business" activity. Pirate attacks occur around the world : Seas surrounding Somalia, Indonesia, the Philippines, the West Coasts of Africa and Southwest America. The Gulf of Guinea accounted for 427 of the 1434 attacks in African waters between 2003 and 2011.

  • Total attacks worldwide (May 2013)

  • SomaliaDecline of Somali attacks 2012 2013.

    In 2011, pirates earned $146m ($111 in 2010), an average of $4.87m per ship, from ransom paid by shipping firms.However, IMB states that policing and interventions by international navies are deterring pirates, along with ships employing Best Management Practices (IMO), including the use of armed guards and other onboard security measures.

  • Ransoms paid out to Somali pirates

  • The effect of maritime piracy on the shipping industry

    Chart1

    28

    5

    Sheet1

    123456789101112131415161718192021222324252627Companies

    1>10Tanker ShipBulk Carrier>20YesEnoughTanker ShipYesArmed guardsBMP4YesArmed guardsBMP4NoYesYesP&I ClubsNegativeLittleCost of Deterrent Security EquipmentYesSeminarsYesYesBy higher premiums when sailing through high risk areasBy increased company costsTanker shipLack of political will by local political leaders.Chandris -

    26 - 10LNG>20YesManyLNGYesBMP4NoNoYesYesP&I ClubsPositiveEnoughCost of Re-RoutingYesCertificationsSeminarsYesYesMaran gas

    3>10Tanker ShipBulk Carrier>2015 - 20YesFewBulk CarrierYesArmed guardsBMP4YesBMP4YesYesYesH&M UnderwritersPositiveLittleInsurance CostYesCertificationsSeminarsBonusYes4 - 6Deployment of armed guardsYesBy higher premiums when sailing through high risk areasBy increased company costsTanker shipBulk CarrierPolitical instability in SomaliaEvalend -

    4>10Tanker Ship>20YesManyTanker ShipYesArmed guardsBMP4YesArmed guardsBMP4YesYesYesP&I ClubsPositiveEnoughCost of Re-RoutingYesSeminarsBonusYesYesMaran tanker - .

    53 - 5Bulk Carrier>20YesEnoughBulk CarrierNoArmed guardsBMP4NoArmed guardsBMP4NoYesYesH&M UnderwritersP&I ClubsPositiveMuchCost of Deterrent Security EquipmentCost of Re-RoutingInsurance CostYesSeminarsYesAdoption of BMP4E Enhancement of crew trainingDeployment of armed guardsYesBy higher premiums when sailing through high risk areasBy increased company costsPolitical instability in SomaliaNational financial and economic situationAmbros -

    6> 10Tanker ShipLNGBulk CarrierContainer Ship>20YesFewTanker ShipNoArmed guardsBMP4NoArmed guardsBMP4NoYesYesH&M UnderwritersP&I ClubsPositiveEnoughOther: YesSeminarsYesDeployment of armed guardsYesBy higher premiums when sailing through high risk areasBy increased company costsTanker shipNational financial and economic situationTsakos - Kostalas

    7> 10Container Ship>20YesEnoughContainer ShipYesBMP4YesBMP4NoNoYesH&M UnderwritersP&I ClubsPositiveLittleInsurance CostYesSeminarsOther:YesYesDanaos

    83 - 5Bulk Carrier15 - 20NoNoneNoneNoNoNoNoYesH&M UnderwritersP&I ClubsPositiveLittleCost of Re-RoutingYesSeminarsTime off work and/or phychologicalYesAdoption of BMP4YesBy higher premiums when sailing through high risk areasOther: Trading pattern restrictionsBy increased company costsBulk CarrierNational financial and economic situationFairsky - Stelios Dimopoulos

    96 - 10Tanker ShipLNGOther: CHEMICAL LPG15 - 20YesEnoughOther: CHEMICAL LPGTanker ShipYesArmed guardsBMP4YesBMP4Armed guardsNoYesYesP & I ClubsPositiveEnoughInsurance CostYesCertificationsOther: DrillsBonusYesYesInterunity

    10>10Tanker ShipBulk Carrier>20YesFewTanker ShipYesArmed guardsBMP4YesBMP4Armed guardsNoYesYesP & I ClubsPositiveLittleOtherYesCertificationsSeminarsOther type of compensationYesYesAvin

    11>10Tanker Ship>20YesManyTanker ShipYesArmed guardsBMP4YesBMP4Armed guardsNoYesYesH&M UnderwritersPositiveEnoughInsurance CostCost of Re-RoutingYesSeminarsYesYesEuronav

    123 - 5Bulk Carrier>20NoFewBulk CarrierNoNoNoNoYesH&M UnderwritersP & I ClubsPositiveLittleOtherYesSeminarsTime off work and/or phychologicalYesYesNarval

    130 - 2Other: LPG15 - 20YesFewOther: LPGNoArmed guardsBMP4NoBMP4Armed guardsNoYesYesH&M UnderwritersP & I ClubsPositiveEnoughInsurance CostYesSeminarsTime off work and/or phychologicalBonusYesDeployment of armed guardsEnhancement of crew trainingAdoption of BMP4YesBy higher premiums when sailing through high risk areasOther: LPGAerio Shipping

    146 - 10Container Ship>20NoNoneOther: NoneNoNoNoNoNoH&M UnderwritersP & I ClubsPositiveNoneNoNoNoConbulk

    153 - 5Bulk Carrier15 - 20NoFewBulk CarrierNoNoNoNoYesOtherNegativeEnoughInsurance CostNoYesYesEfploia

    160 - 2NoNoneNoneNoNoNoNoNoOtherNoneOtherNoNoYesTMS TANKERS LTD

    170 - 2NoNoneNoneNoNoNoNoNoOtherNoneOtherNoNoNoQueensway Navigation

    180 - 2NoNoneNoneNoNoNoNoNoOtherNoneOtherNoNoNoPEGASUS MARITIME ENTERPRISES INC

    190 - 2NoNoneNoneNoNoNoNoNoOtherNoneOtherNoNoNoVENUS SHIPPING ENTERPRISES S.A ( )

    206 - 10Tanker ShipBulk CarrierContainer Ship>20YesManyBulk CarrierContainer ShipTanker ShipYesArmed guardsBMP4YesBMP4Armed guardsNoYesYesH&M UnderwritersP & I ClubsPositiveEnoughCost of Deterrent Security EquipmentYesSeminarsBonusYesYesEast Med -

    21>10Tanker ShipBulk Carrier>20YesManyBulk CarrierTanker ShipYesArmed guardsBMP4YesBMP4Armed guardsNoYesYesH&M UnderwritersPositiveEnoughInsurance CostCost of Re-RoutingYesOtherYesYesEnterprises Shipping -

    226 - 10Tanker Ship>20YesManyTanker ShipYesArmed guardsUnarmed guardsBMP4NoNoYesYesH&M UnderwritersP & I ClubsPositiveMuchInsurance CostYesOtherYesYesBy higher premiums when sailing through high risk areasBy increased company costsTanker shipLack of political will by local political leaders.Athenian Sea

    236 - 10Bulk Carrier>20YesFewBulk CarrierNoArmed guardsUnarmed guardsNoNoYesYesOtherPositiveEnoughInsurance CostYesOtherBonusTime off work and/or phychologicalYesYesFranco

    24>10Bulk Carrier>20YesEnoughBulk CarrierNoArmed guardsBMP4NoBMP4Armed guardsNoYesYesH&M UnderwritersP & I ClubsPositiveEnoughCost of Re-RoutingYesSeminarsYesDeployment of armed guardsYesBy increased company costsTanker shipBulk CarrierPolitical instability in SomaliaMaryville

    256 - 10Bulk Carrier>20YesFewBulk CarrierNoNoNoYesYesH&M UnderwritersP & I ClubsPositiveLittleInsurance CostCost of Re-RoutingYesOtherTime off work and/or phychologicalYesYesBy higher premiums when sailing through high risk areasBy increased company costsTanker shipBulk CarrierPolitical instability in SomaliaCommon Progress

    26>10Bulk Carrier15 - 20YesEnoughBulk CarrierNoArmed guardsBMP4NoBMP4BMP4NoYesYesH&M UnderwritersPositiveNoneInsurance CostYesOtherBonusTime off work and/or phychologicalYesDeployment of armed guardsYesBy higher premiums when sailing through high risk areasBy increased company costsPolitical instability in SomaliaNational financial and economic situationGleamray Maritime

    27>10Tanker ShipOther: LPG>20YesEnoughTanker ShipOther: LPGYesUnarmed guardsBMP4NoNoYesYesH&M UnderwritersP & I ClubsPositiveEnoughCost of Re-RoutingYesSeminarsYesYesBy higher premiums when sailing through high risk areasBy increased company costsBulk CarrierPolitical instability in SomaliaLack of political will by local political leaders.Eletson - Mr, Besis

    283 - 5Bulk Carrier>20YesManyBulk CarrierYesArmed guardsUnarmed guardsBMP4NoNoNoYesH&M UnderwritersPositiveEnoughCost of Re-RoutingYesOtherOther type of compensationYesYesPetrofin

    293 - 5Tanker ShipBulk Carrier15 - 20YesEnoughBulk CarrierTanker ShipYesArmed guardsBMP4NoArmed guardsBMP4NoYesYesP & I ClubsPositiveEnoughInsurance CostCost of Deterrent Security EquipmentYesSeminarsBonusTime off work and/or phychologicalYesYesRemi Maritime

    300 - 2>20NoNoneContainer ShipNoNoNoNoNoNoneNoYesNoVarship - kos Varias

    310 - 2Tanker ShipBulk Carrier>20YesManyBulk CarrierNoArmed guardsBMP4NoArmed guardsBMP4NoYesYesH&M UnderwritersP & I ClubsPositiveMuchCost of Re-RoutingYesSeminarsYesDeployment of armed guardsYesBy increased company costsNational financial and economic situationPolitical instability in SomaliaTheodorakis - Shelton

    326 - 10Tanker Ship15 - 20YesFewTanker ShipYesUnarmed guardsBMP4NoUnarmed guardsBMP4NoYesYesP & I ClubsPositiveLittleInsurance CostYesBonusTime off work and/or phychologicalYes7-10Deployment of armed guardsAdoption of BMP4Other: CitadelYesBy higher premiums when sailing through high risk areasOtherNational financial and economic situationPolitical instability in SomaliaLotus - Theodorakis Dim.

    336 - 10Bulk Carrier>20YesManyBulk CarrierYesBMP4YesBMP4YesYesYesP & I ClubsPositiveEnoughInsurance CostYesSeminarsBonusTime off work and/or phychologicalYes7-10Deployment of armed guardsEnhancement of crew trainingAdoption of BMP4YesBy higher premiums when sailing through high risk areasTanker shipPolitical instability in SomaliaFree Bulkers -

    Sheet2

    Number of company's ships

    0 - 23. - 56. - 10>10

    7

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