It is estimated that dealing with piracy along the Somali coast in 2011 alone, cost nearly $7 billion. A coordinated regional effort has now managed to bring the situation under control, but the trend has led to a resurgence of piracy in other parts of the world, most notably in Asia, which has become the dominant arena for such activities. The region accounted for an overwhelming number of all piracy attacks in 2014, with 183 out of 245 such incidents worldwide.