Though less successful this year, the pirates still increase the cost of sailing around the Horn of Africa.
Stratfor
Piracy Off The Somali Coast
Piracy off the coast of Somalia has increased dramatically since 2006. Pirate activity in the Gulf of Aden and the Indian Ocean region has created an international security situation in one of the highest-volume commercial shipping lanes in the world. Despite international counterpiracy efforts, Somali pirates continue to hijack ships and demand exorbitant ransoms from shipping companies.
