CNN Market Place Middle East

IN FOCUS: PIRATES OF THE GULF OF ADEN

Special MME Report

90 percent of world trade is transported by sea, and the Gulf of Aden serves as a lucrative corridor. With the lure of millions of dollars in ransom, hundreds of pirate attacks are carried out there each year. Now a new Coalition navy mission patrols the Gulf of Aden to fend off pirate attacks. MME gains rare access to the coalition operation, patrolling the most dangerous waters in the world.

FACETIME this week, is replaced by analysis from Christian Le Miere, Research Fellow for Naval Forces and Maritime Security, IISS. Experts estimate the cost of piracy could be as high as $16 billion a year. We break down the numbers with Christian Le Miere.