Where has the rum gone? The impact of maritime piracy on trade and transport

Sandkamp, Alexander; Stamer, Vincent; Yang, Shuyao

doi:10.1007/s10290-021-00442-1

Cited by 8 publications

(3 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition to the human rights situation, arguments such as the country's own security of supply or geostrategic influence should find their way into investment decisions made by publicly financed development banks. Furthermore, the protection of transport routes must be given higher priority (see, for example, Sandkamp et al, 2022). The recent announcements by the EU and the USA to push ahead with the development of an India-Middle East-Europe Economic Corridor and a Trans-African Corridor within the framework of the Partnership for Global Infrastructure and Investment are therefore to be welcomed.…”

Section: Securing Transport Corridorsmentioning

confidence: 99%

Improving Supply Security: Guidelines and Policy Proposals

Felbermayr,

Janeba

2024

Intereconomics

View full text Add to dashboard Cite

Supply security is threatened by technical, business, natural and policy shocks, as well as geopolitical tensions. Is there a rationale for policy intervention? If yes, what are efficient and effective measures that achieve de-risking? This article first explains why private incentives do not generally lead to an optimal diversification of supply sources, and then discusses measures that strengthen protection against and resilience in the face of shocks. Governments should refrain from policies that further disincentivise diversification such as the ex post skimming of excess profits when adverse shocks force the halt of production and should work on framework conditions that facilitate diversification. Importantly, most measures are best taken at the EU level.

show abstract

Section: Securing Transport Corridorsmentioning

confidence: 99%

Improving Supply Security: Guidelines and Policy Proposals

Felbermayr,

Janeba

2024

Intereconomics

View full text Add to dashboard Cite

show abstract

“…The more predictable arrival time for a train than for a ship is especially important for supply chains, which rely on just-in-time delivery and for which inventories are anathema. Sandkamp, Stamer, and Yang (2022) highlight the number of piracy incidents affecting ships sailing between the PRC and Europe (200 reported incidents in 2017 with 166 hostages and three deaths), and the costs of rerouting to avoid notable trouble spots. The Landbridge has brought financial benefits to those providing and using the services.…”

Section: Establishment and Development Of The Landbridge 2011-2021mentioning

confidence: 99%

Rail Transport Corridors in the CAREC Region: Long-Term Supply Chain Resilience and Short-Term Shocks

Pomfret

2023

View full text Add to dashboard Cite

International supply chains are dependent on ease of crossing borders and efficient connectivity in terms of price, speed, and reliability. Initially responding to demand from automobile and electronics firms to connect their European and Chinese supply chains with faster and more reliable freight services than maritime shipping, the Eurasian rail transport corridor was established in the 2010s. The rail Landbridge was resilient through deteriorating EU-Russian Federation relations after 2014 and the 2020-2021 COVID-19 epidemic. However, following the Russian invasion of Ukraine and inclusion of the Russian rail company in western sanctions in February 2022, traffic growth along the main Landbridge routes stalled. This paper analyzes the response of supply chain managers in 2022-2023 to the sanctions, and the role of public policy in creating reliable alternative routes. Diversification and strengthening of Eurasian rail corridors benefit Central Asia Regional Economic Cooperation (CAREC) members through revenues from transit fees. More important is the reduction in transport costs for trade among CAREC members and with other countries, which can support economic strategies aimed at economic diversification.

show abstract

“…Sandkamp et al [17] explored the negative economic consequences of piracy, and the conclusion was drawn that the export volume of goods on routes affected by piracy decreased, and some maritime cargoes were diverted to alternative modes of transport. In addition, this study provided a theoretical basis for vessels to avoid piracy attacks and re-plan their routes.…”

Section: Research On Piracymentioning

confidence: 99%

A Geographic Information System (GIS)-Based Investigation of Spatiotemporal Characteristics of Pirate Attacks in the Maritime Industry

Chen,

Zhang,

Lau

et al. 2023

JMSE

View full text Add to dashboard Cite

Maritime transportation is vital for the movement of cargo between different continents and distant locations but can be disrupted by the frequent occurrence of pirate attacks. Based on the pirate attacks from July 1994 to December 2019, a spatial analysis of pirate attacks using a Geographic Information System (GIS) was conducted in the present study using the data available for tankers, dry bulk carriers, container vessels, general cargo vessels, and tugs. The adoption of the kernel density analysis was intended to identify the spatial pattern of global pirate attacks. The research results demonstrated that the pirate attacks showed a clustering pattern and were mostly associated with areas experiencing economic depression, a high unemployment rate, and social unrest. Accordingly, spatiotemporal hot spot analysis was carried out to recognize the changing directions of cold spots and hot spots over a period of time. The waters off Somalia, the Strait of Malacca, the Philippines, the Bay of Bengal, the Gulf of Guinea, and the northwest of South America were found to be the common locations of pirate attacks. The cold and hot spots of pirate attacks on the three key vessel types, including tankers, dry bulk carriers, and container vessels, were found to be similar. When considering the same area, the trends of cold and hot spots of different vessel types being attacked were substantially different. This study can provide a useful guideline for the International Maritime Organization and other relevant organizations in the world to design and implement targeted strategies to combat and mitigate pirate attacks. Additionally, the introduction of a GIS may help to envision the spatial and temporal distribution of pirate attacks and to explore the characteristics of pirate behaviors at sea and the patterns of piracy.

show abstract

Where has the rum gone? The impact of maritime piracy on trade and transport

Cited by 8 publications

References 23 publications

Improving Supply Security: Guidelines and Policy Proposals

Improving Supply Security: Guidelines and Policy Proposals

Rail Transport Corridors in the CAREC Region: Long-Term Supply Chain Resilience and Short-Term Shocks

A Geographic Information System (GIS)-Based Investigation of Spatiotemporal Characteristics of Pirate Attacks in the Maritime Industry

Contact Info

Product

Resources

About