Piracy Threat Rises for Ships Off Somalia This Year, IHS Says
- Conditions that fueled piracy in 2005-2012 seen re-emerging
- Somali pirates may soon regain safe havens vital to operations
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Ships traveling through waters off the coast of Somalia face an increased risk of piracy this year, fostered by deteriorating political conditions in the center of the Horn of Africa nation, IHS Inc. said.
Conditions that led regional politicians to provide safe havens between 2005 and 2012 for hijacked ships to be stored during lengthy ransom negotiations are being recreated in Somalia’s Galmudug region, the Englewood, Colorado-based risk adviser said Monday in an e-mailed report.