An Update on Piracy

IMIF BUFFET LUNCHEON

Date: Monday 18th May 2015

Venue: The Baltic Exchange, 38 St Mary Axe, London.

Speaker:   Mr P Mukundan, Director, ICC-Commercial Crime Services

Tradewinds Report

Asian pirates step up raids on small products tankers

International Maritime Bureau figures show an attack every two weeks, with more coastal vessels below 5,000 dwt in size being targeted.

18-may-2015-an-update-on-piracySmall oil products tankers are increasingly being targeted off Indonesia’s Bintan Island for hijack by organised criminals who steal their cargoes.  More coastal tankers with capacities of less than 5,000 dwt are being held up, their cargoes siphoned off and sold to local fishermen and bunker barge operators in the area, according to International Maritime Bureau (IMB) director Captain Pottengal Mukundan.  Some 16 vessels were hijacked, mainly in the southern approaches to the South China Sea, during 2014, and nine have already been attacked this year, he told an International Maritime Industries Forum briefing. About 30 pirates in six fishing boats attacked a loaded tanker in the latest attack on 15 May.  It means an average this year of an attack every two weeks compared with one every three weeks in 2014 — mainly involving gas oil and marine diesel oil cargos.