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The impacts of maritime piracy on global economic development: the case of Somalia

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  • Xiaowen Fu
  • Adolf K.Y. Ng
  • Yui-Yip Lau

Abstract

This paper investigates the impacts of maritime piracy on global economic development. Calibrated with data between 2003 and 2008, we model shipping demands and competition in the Far East-Europe container liner shipping service and investigate the economic welfare loss effects due to reduced volumes of trade and shipping, as well as efficiency loss due to geographical re-routing of shipping networks which would be otherwise uneconomical. The substantial economic loss simulated from our model indicates that, even from purely the perspective of economic interests, more efforts from the international community should be dedicated to tackle maritime piracy.

Suggested Citation

  • Xiaowen Fu & Adolf K.Y. Ng & Yui-Yip Lau, 2010. "The impacts of maritime piracy on global economic development: the case of Somalia," Maritime Policy & Management, Taylor & Francis Journals, vol. 37(7), pages 677-697, December.
    • Handle: RePEc:taf:marpmg:v:37:y:2010:i:7:p:677-697
    DOI: 10.1080/03088839.2010.524736
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    Cited by:

    1. Xu, Mengqiao & Li, Zhenfu & Shi, Yanlei & Zhang, Xiaoling & Jiang, Shufei, 2015. "Evolution of regional inequality in the global shipping network," Journal of Transport Geography, Elsevier, vol. 44(C), pages 1-12.
    2. Laure Rousset & César Ducruet, 2020. "Disruptions in Spatial Networks: a Comparative Study of Major Shocks Affecting Ports and Shipping Patterns," Post-Print halshs-02588551, HAL.
    3. César Ducruet, 2016. "The polarization of global container flows by interoceanic canals: geographic coverage and network vulnerability," Post-Print halshs-00749639, HAL.
    4. Efrah Wozir Abdulahi & Luo Fan, 2021. "Exploring and Validating Container Operational Risk Scale in Container Shipping: The Case of Ethiopian Shipping and Logistics Service Enterprise," Sustainability, MDPI, vol. 13(16), pages 1-21, August.
    5. Alexander Sandkamp & Vincent Stamer & Shuyao Yang, 2022. "Where has the rum gone? The impact of maritime piracy on trade and transport," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(3), pages 751-778, August.
    6. Achilleas Tsantis & John Mangan & Agustina Calatayud & Roberto Palacin, 2023. "Container shipping: a systematic literature review of themes and factors that influence the establishment of direct connections between countries," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(4), pages 667-697, December.
    7. Alexander-Nikolai Sandkamp & Shuyao Yang, 2018. "Where Has the Rum Gone? Firms’ Choice of Transport Mode under the Threat of Maritime Piracy," ifo Working Paper Series 271, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    8. Shepard, Jun U. & Pratson, Lincoln F., 2020. "Maritime piracy in the Strait of Hormuz and implications of energy export security," Energy Policy, Elsevier, vol. 140(C).
    9. Yang, Zaili & Ng, Adolf K.Y. & Wang, Jin, 2014. "A new risk quantification approach in port facility security assessment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 72-90.
    10. Lee, Chung-Yee & Song, Dong-Ping, 2017. "Ocean container transport in global supply chains: Overview and research opportunities," Transportation Research Part B: Methodological, Elsevier, vol. 95(C), pages 442-474.
    11. Thomas Gries & Margarete Redlin, 2014. "Maritime Piracy: Socio-Economic, Political, and Institutional Determinants," Working Papers CIE 75, Paderborn University, CIE Center for International Economics.
    12. Olaf Jonkeren & Piet Rietveld, 2016. "Protection of Critical Waterborne Transport Infrastructures: An Economic Review," Transport Reviews, Taylor & Francis Journals, vol. 36(4), pages 437-453, July.
    13. Ercan Akan & Tunahan Gültekin & Sibel Bayar, 2022. "Statistical analysis of maritime piracy cases in world territorial waters," Journal of Transportation Security, Springer, vol. 15(3), pages 263-280, December.
    14. Lewis, Justin S., 2016. "Maritime piracy confrontations across the globe: Can crew action shape the outcomes?," Marine Policy, Elsevier, vol. 64(C), pages 116-122.
    15. Baştuğ, Sedat & Haralambides, Hercules & Akan, Ercan & Kiraci, Kasim, 2023. "Risk mitigation in service industries: A research agenda on container shipping," Transport Policy, Elsevier, vol. 141(C), pages 232-244.
    16. Zhang, Yilin & Zhang, Anming & Wang, Kun & Zheng, Shiyuan & Yang, Hangjun & Hong, Junjie, 2023. "Impact of CR Express and intermodal freight transport competition on China-Europe Route: Emission and welfare implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 171(C).
    17. Tianjiao Li & Qiong Chen & Yongtao Xi & Yui-Yip Lau, 2023. "A 40-Year Bibliometric Analysis of Maritime English Research: Insights and Implications," Sustainability, MDPI, vol. 15(5), pages 1-15, February.
    18. Livingstone Divine Caesar & Justin Lewis & Mawuli Afenyo & Mazen Brho, 2021. "Global maritime piracy: Impact on seafaring and the factors shaping confrontational outcomes," Journal of Transportation Security, Springer, vol. 14(3), pages 307-324, December.
    19. Yu Wang & Xiangtong Qi, 2017. "Evasion policies for a vessel being chased by pirate skiffs," Naval Research Logistics (NRL), John Wiley & Sons, vol. 64(6), pages 453-475, September.
    20. Obed B.C. Ndikom & Buhari Sodiq Olusegun, 2019. "The Presidential Order and Challenges of the Maritime Sector in Nigeria," International Journal of Science and Business, IJSAB International, vol. 3(4), pages 117-133.
    21. Paul Hallwood & Thomas J. Miceli, 2013. "An examination of some problems with international law governing maritime piracy," Maritime Policy & Management, Taylor & Francis Journals, vol. 40(1), pages 65-79, January.
    22. Abila, Sanley S. & Tang, Lijun, 2014. "Trauma, post-trauma, and support in the shipping industry: The experience of Filipino seafarers after pirate attacks," Marine Policy, Elsevier, vol. 46(C), pages 132-136.
    23. Elio Marchione & Shane D Johnson & Alan Wilson, 2014. "Modelling Maritime Piracy: A Spatial Approach," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 17(2), pages 1-9.

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