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Piracy Resurgence

All articles tagged with #piracy resurgence

world2 months ago

Somali Pirates Escalate Attacks with Tanker Seizure

EU naval forces rescued 24 crew members from the Maltese-flagged oil tanker Hellas Aphrodite, which was seized by Somali pirates off the coast of Somalia. The crew remained safe inside a citadel during the attack, and the pirates abandoned the ship after a show of force by the EU forces. Despite a decline in piracy over the past decade, recent attacks and regional tensions have led to a resurgence of piracy activities in the area.

world-news1 year ago

Rising ETS Costs Threaten Asia-Europe Ships Amid Red Sea Hotspot

Somali pirates, dormant for nearly a decade, have resurged, targeting ships in the western Indian Ocean and taking advantage of a security vacuum left by Houthi strikes. The recent raids are increasing costs for shippers, with insurance premiums and armed security guard prices rising. While the threat is not as serious as it was in 2008-2014, concerns are growing that the problem could escalate. The Indian Navy recently intercepted and freed a hijacked ship, and experts emphasize the need to bolster Somalia's law enforcement capacity at sea and on land to contain the piracy threat.