Defeating the beast

Nick Roscoe, of Marsh, looks at the challenges in combating piracy on a global basis

In the global shipping industry’s Herculean battle against piracy, private maritime security companies (PMSCs) are increasingly the vanguard of ship safety and security. However, the threat of modern-day piracy is akin to the Hydra of ancient Greek myth; when one part of the “beast” is conquered, it is reborn two-fold.