Bloomberg News

Global Pirate Attacks Seen Declining by 24% Last Month

June 06, 2012

Global pirate attacks on vessels fell to 25 in May compared with 33 the previous month, GAC Protective Solutions and AKE Intelligence said.

There was one ship taken in May, compared with two in the previous month, according to a joint report by GAC and AKE. There were 10 fewer piracy incidents reported in the Arabian Sea compared with a year earlier, and two more attacks in the Persian Gulf and the Gulf of Oman.

The number of pirate attacks this year so far totaled 169, compared with 148 by the end of April, AKE and GAC said. Average ransom amounts were about $5 million in May, compared with $4.8 million reported in April, according to the report. AKE Intelligence is a Hereford, England-based security and risk- assessment company, and GAC Protective Solutions is a maritime logistics company, with headquarters in Dubai.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


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