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>and US and their trade partners enjoy safe trade routes Bingo, and that's from the Navy and the U.S. Coast Guard actively patrolling GLOBAL waters. Maritime
by ryanmercer 8y ago
>and US and their trade partners enjoy safe trade routes
Bingo, and that's from the Navy and the U.S. Coast Guard actively patrolling GLOBAL waters.
Maritime piracy alone is a considerable economic threat, yes in the 21st century. An estimated 2 BILLION dollars a year is spent on naval operations just off the coast of Somalia (PDF WARNING - PDF WARNING - PDF WARNING http://www.ics-shipping.org/docs/default-source/Piracy-Docs/the-economic-cost-of-piracy.pdf?sfvrsn=0 http://www.ics-shipping.org/docs/default-source/Piracy-Docs/... )
In this article from 2014 ( https://worldmaritimenews.com/archives/134829/annual-global-cost-of-piracy-measured-in-billions/ https://worldmaritimenews.com/archives/134829/annual-global-... ), again just Somalia, "The OEF estimates 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".
Between 2008 and 2012 alone JUST the U.S. Navy responded to 1139 piracy incidents https://www.navy.mil/ah_online/antipiracy/index.html https://www.navy.mil/ah_online/antipiracy/index.html that's an average of 0.78 incidents a day.
It's not just the U.S. patrolling either. China has launched at least 20 anti-piracy floatillas since 2009 http://cimsec.org/chinas-anti-piracy-flotillas-by-the-numbers/16117 http://cimsec.org/chinas-anti-piracy-flotillas-by-the-number...