Somali piracy - total cost by factor 2011

Total cost of Somali piracy in 2011, by factor (in million U.S. dollars)

by Statista Research Department, last edited Jan 15, 2013
Somali piracy - total cost by factor 2011 This statistic represents the total cost of Somali piracy in 2011. About 635 million U.S. dollars was spent on insurance payments that year. Piracy is defined as an act of criminal violence or robbery at sea.
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Total cost of Somali piracy in 2011, by factor (in million U.S. dollars)

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Cost in million U.S. dollars
Increased speed2,710
Military operations1,270
Security equipment
and guards*
1,064
Insurance635
Re-routing*486
Labor195
Ransoms160
Counter piracy
organizations
21.3
Prosecutions and
imprisonment
16.4
Total economic
cost of Somali piracy*
6,600
Cost in million U.S. dollars
Increased speed2,710
Military operations1,270
Security equipment
and guards*
1,064
Insurance635
Re-routing*486
Labor195
Ransoms160
Counter piracy
organizations
21.3
Prosecutions and
imprisonment
16.4
Total economic
cost of Somali piracy*
6,600
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by Statista Research Department, last edited Jan 15, 2013
This statistic represents the total cost of Somali piracy in 2011. About 635 million U.S. dollars was spent on insurance payments that year. Piracy is defined as an act of criminal violence or robbery at sea.
Show more
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