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Piracy threats off Somalia down considerably: E.U. counter-piracy head

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Alessandro Mariani, head of the European Union's counter-piracy operations, has said that there has been a significant decline in piracy threats off Somalia during the last two years, Gulfnews.com reported.

No successful pirate attack has been recorded off the Somalian coast since 2012. Forty seven successful attacks were recorded in the Horn of Africa area in 2010. Mr. Mariani said the decline in the attacks "has resulted in the savings of at least $3 billion annually."

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