Piracy incidence in Singapore Strait sinks

Only 5 incidents are recorded so far this year.

The Singapore Strait, having been the busiest shipping route in the world, has suffered from the threat of piracy for many years now, with 74 incidents recorded in 2015.

However, according to the latest report of the BMI Research, the number of piracy incidence in the said strait dwindled, with only five cases reported in the year so far.

The report noted that the typical tactics used by pirates operating in the Singapore Strait is the siphoning of fuels which they sell onto the black market.

The trend seen in Singapore is reflective of the worldwide trend, as global piracy incidence capsized to 34 cases for the first quarter this year. This is way below the 54 cases reported in the same period last year.

"A greater collaborative effort between governments has been a large factor in turning the tide against the pirates, with national navies working closer together," the report noted.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!