Thursday, November 13, 2008

Jack, we're at your mercy

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Unguarded coastline allows pirates to hold peace at ransom


The mention of ‘Pirates’ would inevitably make people’s minds to drift away to the intriguing trilogy made in Hollywood (The Pirates of Caribbean series) where the audience was enchanted with the adventures of the infamous ‘Jack Sparrow’. However, the reality is a stark contrast and frighteningly so. And the seriousness of the matter is gravely undermined.

Let’s say, when was the last time that a plane was hijacked? Apropos, all would definitely remember the famous 9/11 attack (WTC in US) and some might even remember the hijack of Atlasjet MD-80 en route to Turkey. But when asked about when was the last time a ship was hijacked, there apparently is an awkward silence in most of the cases. What’s noteworthy here is the apathy towards the victims of pirate-ridden ships.

With its political situation remaining in a total chaotic state for almost two decades now, Somalia can be unmistakably crowned the reigning king for being the hub of piracy. What with around 54 pirate attacks already having terrorised the Somalian seas in 2008 itself! And the real irony here is that while the number of pirate attacks across the globe has appeased overtime from 329 in 2004 to 263 in 2007 (a decent decreased in three years' time), the same in Somalia seems to be on the rise from 10 in 2004 to 44 in 2007 (an unwelcome increase within the same span).

To make matters worse, a glance at the geopolitical aspect of Somalia suggests there is least scope for the situation to improve. The crux of the problem is that the business of pirates has now deeply percolated to the warlords, corrupt businessmen and clan-wise segregated groups who have learnt the art of terrorising the ships in the Somalian seas (for many different motives) while being ashore. And the devastated political structure of Somalia is devoid of any power to bust this aggravating pirate network. Although international warships of UN Security Council have entered the Somalian waters, a vast portion of the coastline near Africa remains unguarded, thereby giving these pirates a plethora of opportunities to hijack the water vessels and earn millions in ransom.

It truly is amusing that when the whole world is vainglorious of being in an almost omnipotent technologically advanced era teamed with military erudition, one of the busiest sea routes is simply left at the mercy of pirates.


Tanaya Bose


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IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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