Lack of attacks boosts shipping confidence

Some approaches and a handful of shots fired, but no merchant ships taken since 2012.

Shippers Mark Third Year Without Piracy Attacks Off Somalia Coast

A lull in piracy attacks off the coast of Somalia has stretched into a third year, bringing relief to consumers and shippers previously hit by high cost due to the menace.

Military incursions on and off-shore Somalia have helped end piracy attacks on key shipping routes around the Gulf of Aden, new data showed even as maritime experts called for caution. The International Maritime Bureau (IMB) said no piracy attack has been reported on the key routes this year.

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