U.S. Chamber of Commerce
Mar13

High Risk on the High Seas

2011 Maritime Piracy Incidents:

  • 439 vessels attacked;
  • 176 vessels boarded;
  • 45 vessels successfully hijacked;
  • 113 vessels fired on;
  • 802 hostages captured.

54% of attacks on maritime vessels were committed by Somali pirates in a region of the world where 21,000 commercial ships annually sail, transporting over 10% of the global oil supply and 7% of the worlds maritime commerce. On March 13, the National Chamber Foundation and the U.S. Chamber of Commerce will host an event to raise public awareness of maritime attacks on commercial interests in the Indian Ocean. Experts and industry leaders will address the impact of maritime piracy which has been estimated to cost the global economy between $7 and $12 billion annually. Confirmed speakers include:

  • Dr. Peter Pham, Director, Michael S. Ansari Africa Center, Atlantic Council
  • Rear Admiral Terence E. "Terry" McKnight, Former Commander, Piracy Task Force 151
  • Mitch King, Supply Chain Director - Marine & Terminal Operations, The Dow Chemical Company
  • Mark Martecchini, Managing Director, Stolt Tankers
  • Paul Gugg, Company Security Officer, Emergency Response Team Leader, Chevron
  • Svein A. Ringbakken, Managing Director, Den Norske Kreigsforsikring for Skib (DNK)