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Ah, that's super interesting. The systemic issues make sense but I do wonder about incursions from foreign powers (e.g. Chinese fishing trawlers in W. Africa) b
by atlasunshrugged 6y ago
Ah, that's super interesting. The systemic issues make sense but I do wonder about incursions from foreign powers (e.g. Chinese fishing trawlers in W. Africa) but maybe these belong to a different category of issue.
RE Security & Pricing - that's fascinating. I would have expected this to be a standard business affiliated with the big insurers and run out of the big private contracting companies (e.g. Academi). Most of the tech I've seen is also for close proximity to the boat (e.g. water cannons, slippery mesh, stun grenades), is it because the ships can't engage until the pirates are very obviously going to attack? In my head I'm imagining patrols of swarm drones that drop boat trap nets before the boats can get very close to the ship
But all this is really cool, thanks for the response!
- Nick_GW 6y agoIt is a space Academi have never operated in. Control Risks used to be in the maritime security space but assessed it as not having the right level of risk/reward because the prices became so commoditised. Running security for organisations like that in High Risk Areas like Iraq and Afghanistan still generates good margins but they don't experience those returns in the maritime space so they exited the market.