Okay this is a little old – from August of last year – but it’s still well worth reading and still relevant.
These are remarks made by Stephen M. Carmel, Senior VP of Maersk Line, Limited at the Commander Second Fleet Intelligence Symposium where he explains why piracy (especially Somalian piracy) isn’t quite as bad as it’s made out and why the shipping industries worry far more about what Congress is up to than pirate attacks.
He goes into detail on the economics of shipping (shorter distance is not always cheaper) and provides some insight on how shipping companies view piracy and why they haven’t done all the ‘obvious’ things that people call for.
via Ace of Spades HQ.
He’s not that worried about pirates. Go read what really scares him.