Piracy developments

Risks to shipping increase?

Developments in Somali and South East Asian Piracy

The ‘eradication’ of Somali piracy in 2012 was heralded as a key success story for international intervention, and the operational structure advertised as a panacea for counter-piracy initiatives globally. Warnings that Somali piracy was merely experiencing a lull and would inevitably return were largely ignored. A spate of successful hijackings, the first since 2012, appear to have proven such warnings correct.

South East Asian piracy, predominantly involving product theft rather than kidnap-for-ransom, has traditionally failed to catch headlines to an extent comparable with its more violent Somali cousin. Although hijackings for product theft hit a five-year low in 2016, an upsurge in kidnap-for-ransom incidents have catalysed promises of heightened regional cooperation between littoral states.

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Source: http://www.hellenicshippingnews.com/

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