Student:	Muhammet AYDIN
Supervisor:	Assoc.Prof.Dr. Özkan UĞURLU
Department:	Deniz Ulaştırma İşletme Mühendisliği
Institution:	Graduate School of Natural and Applied Sciences
University:	Karadeniz Technical University Turkey

Title of the Thesis:	EFFECTS OF PIRATE EVENTS IN MARITIME COMMERCE
Level:	M.Sc.
Acceptance Date:	30/12/2015
Number of Pages:	57
Registration Number:	i2877

Summary:

After overthrow of Siad Barre in Somalia in 1991 and not constructed a new authority,

there have been a serious security issue in this region. As a result of this issue, pirate actions

are occurred which were firstly aimed to fight against foreign shipping vessels and afterwards,

other ship types were included. Pirate actions in Gulf of Aden which is an important role in

maritime trade not only affects maritime trade of the region, but it has also serious effects on

world maritime trade. In this research, it was aimed to examine effects of pirate actions at

Gulf of Aden on world and Turkish maritime trade. In this respect, approach, attack, pirate

and disrupted events classified by Somali report of NATO at 2013 were correlated with

ransom, insurance, rerouting ships and security costs reported in UNCTAD in 2014. In the

research Change of relation of pirate actions based on ship type, nationality, years and country

were also examined.

According to results of the study, approach and pirated actions have statistically

significant effect on ransom, insurance, rerouting and naval costs, whereas there

was not significant correlation with security costs. Attack and disrupting actions

were found to have only significant effect on security costs, and no significant

correlation with other cost parameters.

Key Words Gulf of Aden, Piracy, Somali, Maritime commerce