Tag: maritime threat

According to the latest Political Risk Index from WTW, the threat to vessels, undersea cables, and offshore oil installations has increased due to advanced weapons and the actions of certain states, particularly Russia and Iran, who disregard international maritime laws.

EU Naval Force ATALANTA has issued an update on the piracy threat off the coast of Somalia, following an increased number of reported incidents. 

According to the Center for Strategic & International Studies (CSIS), maritime supply chains are crucial to the economy but face threats. 

Marlink has released the latest global maritime cyber threat report produced by its Security Operations Centre (SOC).

As digitalization advances and data becomes integral to smooth operations, the maritime industry is increasingly adopting initiatives that support this transition. However, this progress comes with its own costs, as cyber security can often be compromised, leading to a range of problems. 

Krishnaswamy Natarajan, Executive Director of ReCAAP ISC, unveiled the latest statistics on maritime piracy and armed robbery in Asia, emphasizing that while there are no specific hotspots in the region, the Straits of Malacca and Singapore (SOMS) remain areas of concern. In light of this, he urges ship masters and crews to adhere strictly to best management practices and promptly report any incidents.

Cybersecurity in the maritime industry is becoming increasingly crucial as vessels, ports, and supply chains embrace digitalization. With the integration of IoT (Internet of Things) devices, automation, and interconnected systems, the sector faces a growing threat landscape that includes risks such as data breaches, ransomware attacks, and sabotage attempts.

Somali pirates released the hijacked ship, MV Abdullah, and its crew of 23 on April 14 after a $5 million ransom was paid, as reported by two pirates.Somali pirates released the hijacked ship, MV Abdullah, and its crew of 23 on April 14 after a $5 million ransom was paid, as reported by two pirates.

EU Naval Force ATALANTA has issued an update on the piracy threat off the coast of Somalia, following an increased number of reported incidents. 

ReCAAP ISC Executive Director, Krishnaswamy Natarajan argues that the increase in sea robbery incidents in the Straits of Malacca and Singapore area (SOMS) is likely due to the economic situation in some of the littoral States, partially due to pandemic which caused financial and economic difficulties.