The Loadstar: Has Somali piracy crisis returned? 'Yes and no', says maritime veteran

The image shows the release of the 23 crew members of the Bangladesh-flagged merchant vessel ABDULLAH and the ship, confirmed by Operation ATALANTA. Image: EU Naval Force

Hans Tino Hansen, CEO of Risk Intelligence, recently provided valuable insights to The Loadstar during an interview regarding piracy activities off the coast of Somalia and the potential resurgence of piracy in the region.

The original release date of the article was on 16 April 2024, as published by The Loadstar.

The article discusses the recent resurgence of piracy in the Middle East, particularly by Somali pirates, amid widening regional conflicts. It highlights the increase in attempted and successful pirate attacks, prompting concerns about a potential piracy crisis reminiscent of 2006.

Hans Tino Hansen, CEO of Risk Intelligence, provides perspective on the situation, emphasising that while piracy incidents have occurred, declaring "Somali piracy is back" may be premature. He acknowledges recent successful hijackings but points out the setbacks faced by pirate networks and the variable risk-to-reward ratio. Hansen contrasts the current situation with that of 2006, noting significant improvements in anti-piracy measures and counter-piracy operations since then.

Read full article here.

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