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Latest Piracy Stories

2011-03-23 14:30:14

International piracy costs the shipping industry billions of dollars a year and leads to high-profile murders that make global headlines. Longstanding concerns over piracy have led to numerous international laws and conventions designed to keep pirates in check "“ but research from North Carolina State University shows that the tangled network of laws may actually be helping pirates escape justice. "We wanted to know why the international community is not working together and taking...

2011-03-22 07:30:00

SOUTHLAKE, Texas, March 22, 2011 /PRNewswire/ -- The Business Software Alliance (BSA) revenue numbers reported in the 2010 BSA-IDC "Piracy Impact Study: The Economic Benefits of Reducing Software Piracy" appear to be inflated. Software audit defense firm Scott & Scott, LLP could not find support in either the current or 2009 Study by IDC for the conclusions the BSA reached regarding software piracy's economic impact. "The economic impact of reducing software piracy is grossly...

2011-03-16 05:13:00

DENVER, March 16, 2011 /PRNewswire/ -- The Westin Denver Downtown and the Sheraton Denver Downtown Hotel offer Real Pirates packages complete with tickets to the Real Pirates exhibit, now open at the Denver Museum of Nature and Science. Real Pirates tells the true story of the Whydah, a slave ship turned pirate ship that sank off the coast of Cape Cod nearly 300 years ago. The ship is the first fully authenticated pirate ship ever to be discovered in U.S. waters. The hotel's Real Pirates...

2011-03-09 09:11:00

PORTSMOUTH, N.H., March 9, 2011 /PRNewswire/ -- Juliet Marine Systems, Inc. announced today that they have developed and built a revolutionary marine platform called GHOST specifically designed to deal with international problems of piracy. International piracy has been consistently growing. In Somalia alone, pirates today hold 33 hijacked ships and 711 hostages, according to ICC IMB figures. Piracy is growing at about 10% per year and the heaviest activity is centered in Somalia. Juliet...

2011-03-08 08:00:00

NEW YORK, March 8, 2011 /PRNewswire/ -- Today, the Social Science Research Council released the first independent, large-scale study of music, film and software piracy in emerging economies, with a focus on Brazil, India, Russia, South Africa, Mexico and Bolivia. Based on three years of work by almost thirty-five researchers, Media Piracy in Emerging Economies tells two overarching stories: one tracing the explosive growth of piracy as digital technologies became cheap and ubiquitous...

2011-02-23 15:30:00

NEW YORK, Feb. 23, 2011 /PRNewswire/ -- Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three and twelve months ended December 31, 2010. The following financial review discusses the results for the three and twelve months ended December 31, 2010. Since the Company began operations in October 2009 and took delivery of its first vessel on April 8, 2010, comparable historical data for the three and twelve months ended...

2011-02-23 15:30:00

NEW YORK, Feb. 23, 2011 /PRNewswire/ -- Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three and twelve months ended December 31, 2010. The following financial review discusses the results for the three and twelve months ended December 31, 2010 and December 31, 2009. Fourth Quarter 2010 and Year-to-Date Highlights Recorded net income attributable to Genco for the fourth quarter of $34.8 million, or $0.99 basic and...

2011-02-22 10:01:00

NEWARK, N.J., Feb. 22, 2011 /PRNewswire/ -- Political upheaval in the Middle East is shining a spotlight on the risks to international shipping at the relatively few but vital transportation channels serving global trade. Terrorism, piracy, natural disasters and social unrest pose an enormous threat in areas surrounding the Suez and Panama canals and the Hormuz and Malacca straits. This week, The Journal of Commerce examines the rapidly evolving strategies in risk management that aim to...

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2011-02-12 07:55:00

The Cosmo-SkyMed satellites, operated by the Italian space agency, have acquired the first images of the Italian oil tanker Savina Caylyn since it was hijacked earlier this week by Somali pirates in the Indian Ocean. According to the satellite radar images, acquired by Italian space agency (ASI) and e-GEOS on Wednesday afternoon and early Thursday morning, the seized ship is about 330 km off the Somalia coast. The 266-m long and 46-m wide vessel was about 800 km west of India when it was...

2011-01-18 08:41:00

BEAUFORT, N.C., Jan. 18, 2011 /PRNewswire/ -- Archaeologists recently discovered what is believed to be the sword of a famous pirate, off the shore of North Carolina's Coast. Captain Edward Teach (1680 - 1718), better known as Blackbeard, was a pirate who plundered the coasts of the West Indies, North Carolina and Virginia. With the upcoming release of Pirates of the Caribbean 4: On Stranger Tides, a pirate craze is in full force across the nation and adventure-seekers experience an...