Lloyd’s List: Guards still needed in some areas, experts warn

Source: Lloyd's list. A Nigerian Navy departs port early in the morning to patrol the waterways for illegal refineries and oil runners.

Source: Lloyd's list. A Nigerian Navy departs port early in the morning to patrol the waterways for illegal refineries and oil runners.

Lloyd’s List finance editor David Osler recently interviewed Risk Intelligence CEO Hans Tino Hansen along with the perspectives of other experts in the field on piracy and maritime crimes.

13 July 2023

Despite the decade-long drop in piracy, experts recommend maritime companies to use armed forces in certain areas. In 2022, Lloyd's List Intelligence casualty data reported 91 piracy and maritime incidents, primarily occurring in Southeast Asia and Africa's west coast.

During the recent interview for Lloyd’s list, CEO Hans Tino Hansen had the opportunity to share his thoughts on piracy and maritime violations. “Owners should maintain a high level of risk awareness and an understanding of the vulnerability of their vessels and operations, enabling them to develop continually updated risk assessments”, he stated.

Hansen highlighted the importance of making well-informed decisions about where and when to trade, as well as identifying which risk mitigation measures are required to lower risk in these areas. Moreover, he said that risk mitigation measures can range from adjusting voyage plans to training and implementing anti-piracy measures such as best management practices, security guards and escort vessels.

Furthermore, he underlined the need for security guards and escort vessels in particular areas, saying, “There is no one-size-fits-all solution, and each trading area has its specific threat and risk profile.”

Read the article in full here (paywall).

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There are several Risk Intelligence reports that can help you assess the risk of a specific route, or provide further background for decision-making.

Risk Intelligence’s risk assessment reports feature in-depth analyses of current or forecasted threats for specific client operations - a region or a route - and serve as a foundation for decision-making. Our Security Risk Assessments are complete operational assessments containing a range of analytical components, enabling our clients to optimise their security risk management, reduce security costs and losses, and ensure compliance.

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