Maritime Piracy: Attacks Down, SE Asia Remains Problematic
While the issue of maritime piracy has largely fallen from the public eye, with the rapid evolution of the 24/7/365 news cycle and a never-ending list of new and globally interesting headlines, such as Ebola, there remains concerns of piracy’s effects on the broader maritime market, particularly in SE Asia. According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) latest piracy report, maritime pirate attacks globally are down for three years running, but there is a worrisome trend of small tanker hijacks by armed gangs escalating in Southeast Asia.
