Since 2008, gangs of Somali pirates have carried out more than 800 attacks on ships as diverse as private yachts to oil supertankers, from the Gulf of Aden to the Arabian Sea.
More than 170 of those vessels were hijacked, with some 3,400 seafarers taken hostage and 25 of them killed, according to Intercargo, a global merchant-ship owners' group.
For the pirates, it is big business, earning them US$160 million (Dh587.6m) last year in ransom for the return of ships, cargo and crew.
For the world economy, it is a major drain, with piracy off the Horn of Africa alone costing an estimated $7 billion a year.
This is made up of: paying ransoms and insurance premiums; the extra fuel for faster steaming or rerouting ships; security measures from armed guards to fabricating safe citadels for crews; and funding the presence of naval forces.
About 40 per cent of the 42,500 ships that criss-cross the region each year now use armed guards, compared to 15 per cent a year ago, according to Protection Vessels International, one of more than 150 marine security companies with clients operating in high-risk areas.
However, the cost of stationing armed guards on a ship can range between $18,000 and $60,000 to cross the danger zone. If your vessel is a large container ship, the cost of steaming through the area at maximum speed can add $200,000 in extra fuel to a voyage.
These are critical figures for an industry in sharp decline since 2008, suffering under the double blows of falling cargo rates and too many ships. The container ship industry lost $11.4bn last year, according to SeaIntel Maritime Analysis, a consultant based in Copenhagen.
It is into this gap that the Convoy Escort Programme (CEP) wants to sail.
Angus Campbell, the chief executive at CEP, points out that according to the International Maritime Bureau's Piracy Reporting Center, in the first quarter of this year, there were 43 reported incidents involving Somali pirates, resulting in nine hijackings, with 152 crew taken hostage and two killed. That is about half the 97 incidents, 16 hijackings and 299 seafarers seized in the first quarter of last year. The reason for the decline, he says, is increased naval activity. Also, no ship with armed guards aboard has been hijacked by Somali pirates.
But stationing more warships in the region is prohibitively expensive, and putting guns on ships is not without its own risks. The international community agrees.
Last week, Britain announced it could no longer sustain a permanent frigate for anti-piracy patrol. And although several countries, including the United States, United Kingdom and Norway have permitted private armed guards to operate on ships sailing under their flags, the legal position remains murky.
As yet, there are no international rules regulating how they operate. The United Nations' International Maritime Organisation issued guidelines for private armed guards last year but they merely advise, "Force [should not] exceed what is strictly necessary."
"This is about getting guns off merchant ships," said Mr Campbell. "The last thing shipping wants is a firefight aboard a merchant ship.
"With escorts, the pirates won't get as far as the ships. We will act as a deterrent screen," he added. "The pirates will have to get past us first, and so far they have shown no willingness to attack defended ships, especially if they are in convoy."
CEP ships will operate to strict operational guidelines and all actions will be recorded on video.
"Our crews will not be authorised to act other than in self-defence," said Mr Campbell. "On the approach of any suspect vessel to a convoy, it will first be faced with an array of non-lethal responses, including LRAD, a long-range acoustic device that can be used for hailing or as a sonic weapon to induce discomfort at considerable ranges, allowing the issue of warnings to 'stand away'.
"Only as a last resort, and if life is in danger, will we resort to force. We are not in the business of looking for trouble," he added.
CEP is working with the European Union Naval Force's Maritime Security Centre - Horn of Africa, which provides 24-hour manned monitoring of vessels sailing through the Gulf of Aden, to integrate its operations into the international naval communications net in the Indian Ocean. That would allow the CEP to alert the military to pirate activity and would free up the EU Naval Force's ships for other missions, Mr Campbell said.
This coordination could be critical under international law, according to Robert Phillips, an international lawyer who runs the piracy-watch legal website Communis Hostis Omnium. He cited the UN Convention on the Law of the Sea (UNCLOS) of December 1982.
"Although Article 107 of UNCLOS does not permit private security companies not on government service from engaging in pirate hunting, the general principle of self defence, and defence of others, would justify protecting vessels from an on-going attack," said Mr Phillips. "Such conduct must be carefully circumscribed. The risk here is that private security personnel would, in the heat of battle, step outside of the orbit of self-defence and into the breach of pirate hunting."
[ dblack@thenational.ae ]
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Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
More from Neighbourhood Watch:
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
Avengers: Endgame
Directors: Anthony Russo, Joe Russo
Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin
4/5 stars
COMPANY PROFILE
Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company Profile
Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8
The Bio
Ram Buxani earned a salary of 125 rupees per month in 1959
Indian currency was then legal tender in the Trucial States.
He received the wages plus food, accommodation, a haircut and cinema ticket twice a month and actuals for shaving and laundry expenses
Buxani followed in his father’s footsteps when he applied for a job overseas
His father Jivat Ram worked in general merchandize store in Gibraltar and the Canary Islands in the early 1930s
Buxani grew the UAE business over several sectors from retail to financial services but is attached to the original textile business
He talks in detail about natural fibres, the texture of cloth, mirrorwork and embroidery
Buxani lives by a simple philosophy – do good to all
FIGHT CARD
Featherweight 4 rounds:
Yousuf Ali (2-0-0) (win-loss-draw) v Alex Semugenyi (0-1-0)
Welterweight 6 rounds:
Benyamin Moradzadeh (0-0-0) v Rohit Chaudhary (4-0-2)
Heavyweight 4 rounds:
Youssef Karrar (1-0-0) v Muhammad Muzeei (0-0-0)
Welterweight 6 rounds:
Marwan Mohamad Madboly (2-0-0) v Sheldon Schultz (4-4-0)
Super featherweight 8 rounds:
Bishara Sabbar (6-0-0) v Mohammed Azahar (8-5-1)
Cruiseweight 8 rounds:
Mohammed Bekdash (25-0-0) v Musa N’tege (8-4-0)
Super flyweight 10 rounds:
Sultan Al Nuaimi (9-0-0) v Jemsi Kibazange (18-6-2)
Lightweight 10 rounds:
Bader Samreen (8-0-0) v Jose Paez Gonzales (16-2-2-)
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
UAE medallists at Asian Games 2023
Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
Super Saturday race card
4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m