Somali Piracy & Maritime Security
Latest in Somali Piracy & Maritime Security· Oct 19
Piracy off Somalia is resurging after years of decline as state collapse and poverty drive coastal communities toward maritime crime. The uptick forces shipping companies to absorb higher insurance premiums and security costs, which ripple through supply chains and raise prices for consumers dependent on Indian Ocean trade routes.
Piracy attacks, hijackings, and maritime security incidents off the coast of Somalia affecting commercial shipping and international waters.
4 events tracked
- Single source25 days ago
Somalia's anti-piracy efforts squeeze coastal fishing communities
Somali piracy is resurgent, threatening shipping lanes and raising insurance costs for maritime commerce.
Al Jazeera
- Single sourceMARKET SHOCK ↓28 days ago
Search underway for eight crew members after tanker catches fire near Romania
Drone attack sets tanker ablaze off Romania, eight crew missing; raises shipping security and insurance costs.
BBC News
- Reported by 2 outletsMARKET SHOCK ↓about 1 month ago
Vessel goes down after drone strike near Bulgaria in Black Sea
A drone attack damaged two ships off Bulgaria's coast, with one Ukrainian-flagged vessel, the Chelsea 3, sustaining injuries from the assault.
BBC News · Al Jazeera
- Reported by 2 outletsMARKET SHOCK ↓about 1 month ago
Somali pirates execute tanker hostages in rare deadly attack
Five workers died during a hijacking incident off Somalia, marking the first pirate-related fatalities in over ten years.
BBC News · Al Jazeera