Montreal, Quebec, March 14, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Global policy is costing the international economy up to $12 billion a year, according to a new study.
Most costs come from shipping companies forced to shift their trade routes in a bid to avoid piracy hotspots.But a large percentage – around $2 billion a year – comes from the cost of the international naval presence off the Somali coast.
The report, compiled by US think-tank One Earth Future, calculated the amount from the costs of ransom, security equipment and the impact on trade.The majority of costs came from piracy off Somalia, it says. It is also estimated that the costs have increased fivefold since 1995.
Looking at the problem in three worst affected regions – the Horn of Africa, Nigeria and the Gulf of Guinea, as well as the Malacca Straits – the report suggests that the biggest costs arise from re-routing ships to avoid risky areas, estimated at between $2.4 billion and $3 billion.
Now international shipping companies are being urged to adjust their trade routes to the ports of Mombasa and Dar es Salaam following growing evidence that Somali pirates are shifting their operations to the East African coast from the Gulf of Aden.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
- Go Public strategy,
- Debt and or equity financing
- Identify prospective investors
- Hire investor relations firm
- Cross listing decisions
- Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
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