Piracy & Security
Stay informed with the latest news, analysis and market insight on the piracy and security threats impacting the shipping industry; be proactive in adapting your organisation to meet new requirements and identify risks to your business model through our expert coverage
Novorossiysk-bound ships detouring amid heightened drone threat
A document circulated on social media suggests ships are being instructed to alter course after a general cargoship spotted a naval drone in the Black Sea earlier this month; however, the exact reason why others are anchoring mid-route is not clear
Red Sea tensions on display at IMO meeting
IMO member states voice concern over ongoing Houthi attacks and the re-emergence of Somali piracy in the region, with Yemen’s government asking for help to salvage the sunken Rubymar to avoid damaging the environment
The week in charts: Houthi attacks will continue | Newbuilding prices set to rise | Ship recycling recovery on hold | Chinese demand props up Russia oil exports
Robust weapons supply chain continues to support Houthi firepower, shipbuilders’ bulging orderbooks mean prices are set to creep up in 2024 and Russian crude oil imports hit eight-month high in China
Indian Navy rescues hijacked bulker Ruen from Somali pirates
All 17 hostages freed uninjured from hijacked bulker Ruen on Saturday after a two-day, anti-piracy operation that saw Indian commandoes parachute onto the vessel and capture 35 Somali pirates
The Lloyd’s List Podcast: How long can Ukraine keep its grain corridor open?
Ukraine’s Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international agreement and most importantly without direct Russian interference. It is a critical route for grain export and many countries besides Ukraine have a vested interest in its continued operation. Ukraine says the military is key to the corridor functioning. This week we discuss how true this is, and whether or not a lack of military aid could really result in the route’s closure
Houthi attacks will continue thanks to their robust weapons supply chain
Naval operations protecting shipping from Houthi attacks, which are set to increase during Ramadan, are not focused on stemming the re-supply of weapons, allowing the attacks to continue
Somalia piracy resurgence makes kidnap & ransom cover necessary
‘You might as well have it, because stuff happens,’ lawyer warns
Bangladesh-flagged bulker hijacked off Somalia as resurgent piracy threat escalates
Pirates have taken control of a Bangladesh bulker, Abdullah, with 23 crew on board as it sailed from Mozambique to UAE carrying coal. It is just the latest in a recent surge in piracy incidents being carried out by several groups of pirates now stalking the Indian Ocean in hijacked ‘motherships’
Houthis threaten to escalate attacks during Ramadan
The Iran-backed rebels warned of heightened military activities in the month of Ramadan, which concludes on April 9
The week in charts: Third-party spoofing hits Black Sea traffic | Record volumes of Russian oil shipped | Crude tanker newbuilding orderbook remains at historic lows
Saudia’s Red Sea box port traffic decimated by Houthi attacks, bulk carriers divert in record numbers from Red Sea and strong freight markets continue to reduce ship recycling candidates
Red Sea rerouting sees no change in boxship sizes
Larger ships provide better slot costs on the longer route to Europe. But the size of vessels on both European trades remains static
Dozens of drones shot down after Houthis target bulker Propel Fortune
Along with the dry bulker, several US destroyers were also targeted in a massive drone attack in the Red Sea and Gulf of Aden region at the weekend
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