Business

Last updated: 28 october, 2009 - 12:19 GMT

Somali piracy's economic impact

Boarding teams from the German warship Bremen stop two suspected Somali pirate skiffs in the Indian Ocean, 450 nautical miles east of Mogadishu, 20 October 2009

To play this content JavaScript must be turned on and the latest Flash player installed.

Play in either Real OR Windows Media players

The news that Somali pirates say they have seized a yacht carrying a British couple means another incident will probably have to be added to a growing list.

In fact, there has been a dramatic increase in that list this year.

New figures from the International Maritime Bureau's Piracy Reporting Centre show that this year already exceeds the whole of 2008 for attacks, and it says the increase is down to activity off the Somali coast.

And it's not just huge tankers now but small ships which are being taken for ransom.

So what impact is this increase in attacks having on the global shipping industry?

First broadcast on World Business News

RELATED BBC STORIES

RELATED BBC BUSINESS LINKS

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.