A 2010 report suggested that piracy off the coast of Somalia led to a decrease of revenue for Egypt as fewer ships use the Suez canal (estimated loss of about $642 million), impeded trade with neighboring countries, and negatively impacted tourism and fishing in the Seychelles [REF].
According to a 2012 investigative piece by the Somalia Report, the OBP paper and other similar reports that attempt to calibrate the global cost of piracy produce inaccurate estimates based on a variety of factors.