Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Somali Pirates Make a Comeback, Raising Shipping Costs and Fears

Eriki Joan UgunushebyEriki Joan Ugunushe
March 21, 2024
in Government
0
Somali Pirates Make a Comeback, Raising Shipping Costs and Fears
Share on FacebookShare on TwitterShare on Whatsapp

Just when international navies thought they’d tamed the seas, Somali pirates are back, hijacking ships and driving up costs for businesses that rely on global trade. This resurgence is raising concerns about the safety of vital shipping lanes and the potential for a return to the rampant piracy of a decade ago.

Table of Contents

Toggle
  • A Bang on the Open Sea: A Bangladeshi Ship Captured
  • A Multi-Million Dollar Problem: Ransom and Rising Costs
  • A Cat and Mouse Game: Pirates Exploit Distractions
  • International Navies: Stepping Up or Scaling Back?
  • A Delicate Balance: Stopping Piracy Before it Explodes

A Bang on the Open Sea: A Bangladeshi Ship Captured

The crew of a Bangladeshi cargo ship, the Abdullah, recently found themselves in a terrifying situation. As they sailed the Western Indian Ocean, a swarm of pirates in a speedboat roared towards them. Distress calls went unanswered, and the pirates boarded the vessel, taking hostages at gunpoint. This incident, captured in a chilling audio message, highlighted the vulnerability of ships and the boldness of the pirates.

A Multi-Million Dollar Problem: Ransom and Rising Costs

While the current situation isn’t as dire as the peak piracy years (2008-2014), it’s still causing major headaches. Shipping companies face a double whammy: not only are they dealing with pirate attacks, but they also have to contend with missile strikes by Yemen’s Houthi militia in the Red Sea. These threats have pushed up insurance premiums and security costs. The price of hiring armed guards on ships has skyrocketed, and insurers are slapping on extra fees for voyages through risky waters.

Somali Pirates Make a Comeback, Raising Shipping Costs and Fears

A Cat and Mouse Game: Pirates Exploit Distractions

Somali pirates are seizing the opportunity created by the Houthi attacks in the north. They see a distracted international presence and are using this gap to get back into the hijacking business. This resurgence puts pressure on countries to decide how to respond.

International Navies: Stepping Up or Scaling Back?

The recent rescue of the Ruen cargo ship by the Indian Navy offered a glimmer of hope. However, questions remain about the long-term commitment of international navies. With the threat seemingly diminished in recent years, some countries have pulled back resources. Somalia, for its part, wants to focus on building its own coast guard rather than relying solely on foreign intervention.

A Delicate Balance: Stopping Piracy Before it Explodes

Experts warn that if left unchecked, this new wave of piracy could spiral out of control. They urge for a renewed international effort to deter the pirates and prevent a return to the dark days of rampant hijackings. The key to success might lie in a combination of strategies: bolstering Somali’s maritime law enforcement capabilities, maintaining a strong international presence, and fostering cooperation between countries.

The stakes are high. The smooth flow of global trade depends on safe seas. Will the world come together to stop the pirates before it’s too late?

Tags: federal characterNewsRaising Shipping Costs and FearsSomali Pirates Make a Comeback
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

Belarus Denied Access to Trump Board Despite Doing Everything Right
Government

Belarus Denied Access to Trump Board Despite Doing Everything Right

February 19, 2026
Russia Warns as U.S. Tightens Military Grip on Iran
Government

Russia Warns as U.S. Tightens Military Grip on Iran

February 19, 2026
23-Year-Old Gardener Fighting for Life as Mugabe's Son Faces Attempted Murder Probe
Government

23-Year-Old Gardener Fighting for Life as Mugabe’s Son Faces Attempted Murder Probe

February 19, 2026
Next Post
Indonesia’s Java Island Is Shaken by Magnitude 6.1 Quake

Indonesia's Java Island Is Shaken by Magnitude 6.1 Quake

Show of Nepotism in Uganda As President Appoints Son as Military Chief

Show of Nepotism in Uganda As President Appoints Son as Military Chief

Dollar, Euro and Pounds To Naira Exchange Rate For Today, February 29 2024

Dollar, Euro and Pounds To Naira Exchange Rate For Today, March 23 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dollar, Euro and Pounds To Naira Exchange Rate For Today, November 7 2023

Dollar, Euro and Pounds To Naira Exchange Rate For Today, November 28 2023

2 years ago
Burna Boy, Travis Scott, To Perform At the 66th Grammy Awards

Burna Boy, Travis Scott, To Perform At the 66th Grammy Awards

2 years ago
Wike Calls Fubara’s Letter Useless – Rivers Political War Escalates

Rivers Assembly Shuts Down Indefinitely—Fubara Stuck in Political Crossfire

11 months ago
Hong Kong lifts the mask requirement after 945 days.

Hong Kong lifts the mask requirement after 945 days.

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

Music War Looms As Beautiful Nubia Drags Ayefele, BBO Into Copyright Dispute

Russia Warns as U.S. Tightens Military Grip on Iran

23-Year-Old Gardener Fighting for Life as Mugabe’s Son Faces Attempted Murder Probe

Real Madrid Present Evidence as UEFA Looks Into Vinicius Junior Racism Claim

Third Time in History: South Korea Sentences Another Ex-President to Life for Insurrection

UK 66th Birthday Raid: Britain’s Fallen Prince Arrested Over Epstein Secrets

Trending

Belarus Denied Access to Trump Board Despite Doing Everything Right
Government

Belarus Denied Access to Trump Board Despite Doing Everything Right

byEriki Joan Ugunushe
February 19, 2026
0

Belarus has voiced frustration after being denied visas to attend the inaugural meeting of U.S. President Donald...

Bukayo Saka Pens a New Long Term Contract as Arsenal Looks Forward to the North London Derby

Bukayo Saka Pens a New Long Term Contract as Arsenal Looks Forward to the North London Derby

February 19, 2026
Over Valentine's weekend, North West descended on Soho like a Gen Alpha hurricane. Flanked by friends, the 12-year-old moved through the racks of Alexander Wang

North West and the Dearth of the “Proper” Celebrity Daughter

February 19, 2026
Music War Looms As Beautiful Nubia Drags Ayefele, BBO Into Copyright Dispute

Music War Looms As Beautiful Nubia Drags Ayefele, BBO Into Copyright Dispute

February 19, 2026
Russia Warns as U.S. Tightens Military Grip on Iran

Russia Warns as U.S. Tightens Military Grip on Iran

February 19, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Belarus Denied Access to Trump Board Despite Doing Everything Right
  • Bukayo Saka Pens a New Long Term Contract as Arsenal Looks Forward to the North London Derby
  • North West and the Dearth of the “Proper” Celebrity Daughter

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com