Tag #Somali Piracy

What is the primary cause of the recent resurgence in Somali pirate attacks, and what are its immediate consequences for global trade?

Somali pirates, dormant for nearly a decade, have resurfaced following Houthi attacks on Red Sea shipping, bolstering Hamas during its war with Israel. The Red Sea crisis diverted counter-piracy efforts, enabling this resurgence. On March 12, 2024, the Bangladeshi cargo ship MV Abdullah, carrying 55,000 tons of coal, was hijacked 550 nautical miles off the Somali coast.