While the cost of open/closed routes concludes with "little impact", what about the sea piracy aspect? The Somalis already showed us what can happen : in 2013

While the cost of open/closed routes concludes with "little impact", what about the sea piracy aspect? The Somalis already showed us what can happen : in 2013 The World Bank said $18bn a year of increased costs by route changing and insurance. [1] IBM / Rand performed a similar analysis in 2014 [2], they concluded > the total cost of piracy off the coast of Somalia at US$7–US$12 billion in 2010; US$6.6–US$6.9 billion in 2011 42 and US$5.7–US$6.1 billion in 2012. > “While over 80 per cent of these costs were estimated to be borne by the shipping industry, 20 per cent were estimated to be borne by governments,” the report reads. [1] http://edition.cnn.com/2013/04/12/business/piracy-economy-world-bank/ http://edition.cnn.com/2013/04/12/business/piracy-economy-wo... [2] http://worldmaritimenews.com/archives/134829/annual-global-cost-of-piracy-measured-in-billions/ http://worldmaritimenews.com/archives/134829/annual-global-c...