Maritime piracy is at an all-time high, and it is costing businesses and ultimately consumers. Watchdog group the International Maritime Bureau reports that worldwide pirate attacks in the first nine months of 2011 reached a record high of 352 attacks and involved 625 people being taken hostage.
But another risk factor in maritime piracy is the cost of doing business. A report from U.K. think tank Chatham House found that the cost of re-routing ships to avoid risky waters costs
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