By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Somali Pirates Resurface, Raising Concerns For Global Shipping
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Somali Pirates Resurface, Raising Concerns For Global Shipping
News

Somali Pirates Resurface, Raising Concerns For Global Shipping

hallanaija
Last updated: March 21, 2024 5:38 pm
hallanaija
1 year ago
Share
SHARE

A recent incident involving Somali pirates has underscored the renewed threat they pose to global shipping. In the western Indian Ocean, a Bangladeshi-owned bulk carrier fell victim to pirates, signaling a resurgence of piracy in the region.

This development adds to the challenges already faced by shipping companies, including drone and missile strikes by Yemen’s Houthi militia.

Since November, there have been over 20 attempted hijackings, leading to increased costs for armed security guards and insurance coverage. Somali pirates, seizing the opportunity presented by reduced naval operations, are once again active after nearly a decade of relative dormancy.

While the current level of activity is not as severe as in the past, it is a cause for concern among regional officials and industry experts.

The situation has led to higher shipping costs, with additional war risk premiums and increased prices for private armed guards.

While the Indian Navy’s intervention has resulted in the rescue of hostages, challenges persist in securing maritime routes off the coast of Somalia. Efforts to address this resurgence are underway, but the threat posed by Somali pirates remains a pressing issue for the shipping industry.

READ MORE  After turbulence struck the Singaporean plane, passengers recount their terrifying experience.
Sakaja’s City Hall set on fire during anti-Finance Bill protests
DP Gachagua immediately following a 438% increase in his overseas travel expenses
South Carolina Primary Results Updates: Trump Beats Haley In Her Home State
KQ averts loss of Sh310 million aircraft deposit
Protesters clash with Nigerian military, police in Abuja
Share This Article
Facebook Email Print
Previous Article Sifuna To Sakaja: No Need To Threaten striking Doctors, Just Talk
Next Article French Senate Votes Against Ratification Of EU-Canada Free Trade Deal CETA
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Club World Cup: Analysts weigh impact of FIFA competition on European clubs, others
  • Nairobi court acquits former OCS accused of aiding suspect to escape custody
  • Eldoret man confesses to selling bhang, tells court it is his only source of income
  • Dean Huijsen Earns Praise from Federico Valverde for Composure and Ball-Playing Ability
  • Guardiola Fumes as Controversial Refereeing Mars Manchester City’s Night

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?