The resurgence of Somali pirates has brought renewed concern and challenges to the global shipping industry. More than 20 attempted hijackings have been reported since November, leading to increased prices for armed guards and insurance services. The pirates, taking advantage of disruptions caused by Houthi attacks, have resumed their criminal activities after nearly a decade of dormancy.
Recent incidents include a Bangladeshi-owned bulk carrier, the Abdullah, being boarded by Somali pirates who took the captain and second officer hostage. While no injuries were reported, the attacks highlight the risks faced by shipping companies already dealing with other security threats in the region.
Despite efforts by international navies to combat piracy in the past, the recent resurgence has raised concerns about a potential escalation if not addressed promptly. Somali President Hassan Sheikh Mohammed warned of the dangers of allowing piracy to grow unchecked once again.
While the current level of attacks is not as severe as in previous years, the impact on the shipping industry is significant. Insurance companies are imposing additional war risk premiums on vessels, and the demand for private armed guards has led to a spike in prices for their services.
Although there is no direct evidence linking the Somali pirates to the Houthi militia responsible for other attacks in the region, the pirates are believed to be inspired by the disruption caused by such activities.
In response to the threat, shipping companies have increased security measures on board ships, and international navies have deployed warships to patrol the Gulf of Aden and Indian Ocean. However, the reduction in the number of warships in the area as the piracy threat receded may have contributed to the resurgence of attacks.
The Somali Coast Guard, despite having some trained members, faces challenges in effectively combating piracy due to limited resources. As the situation continues to evolve, stakeholders in the shipping industry and international community will need to work together to address the growing threat posed by Somali pirates.