Somali pirates are back on the attack at a level not seen in years, adding to global shipping threats
Publishing timestamp: 2024-02-06 14:42:31
Summary
The article discusses the recent increase in piracy attacks by Somali pirates in the Horn of Africa, raising concerns for shipping vessels, government forces, and private security. It also mentions the cost of piracy to the global economy and the measures taken by international organizations and countries to address the issue. The article highlights the need for enhanced maritime security and the potential business opportunities for companies in the maritime security space. It also mentions the approval of a sale of drones and military equipment to India for maritime safety and surveillance. The article concludes by mentioning the efforts of various naval forces and coalitions to combat piracy and protect maritime traffic.
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Keywords: maritime piracy, general dynamics corp, india, lockheed martin corp, elbit systems ltd, somalia, northrop grumman corp, airbus se, shipping, bae systems plc, garmin ltd, kongsberg gruppen asa, furuno electric co ltd, ecoark holdings inc, transportation and shipping, saab ab, rolta india ltd, westminster group plc, honeywell international inc, thales sa, business news, l3harris technologies inc, world economy, safran sa,