World trade: Risk of piracy at sea has decreased
The International Chamber of Commerce regularly evaluates how often ships are attacked by sea pirates. The chamber attributes the most recent decline to tougher action against pirates.
The International Chamber of Commerce (ICC) reports that piracy attacks on international shipping routes have decreased, with 51 incidents recorded in the first nine months of the year, the lowest level in three decades. The drop is attributed to increased controls and successful investigations by authorities, including the capture of two groups responsible for attacks in the Strait of Singapore by Indonesian authorities.
Despite this positive trend, ICC Germany Secretary General Oliver Wieck warns that seafarers and ships remain at risk. Four of the attacked ships had connections to Germany, according to the ICC's statistics. Meanwhile, military attacks on merchant ships are on the rise, particularly in the Gulf, Black Sea, and Red Sea, with incidents involving Iran, the US military, and Houthi rebels.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
