Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Ship piracy, robberies rise 83% in Southeast Asia in Jan-June, anti-piracy group says
    Finance

    Ship Piracy, Robberies Rise 83% in Southeast Asia in Jan-June, Anti-Piracy Group Says

    Published by Global Banking & Finance Review®

    Posted on July 10, 2025

    2 min read

    Last updated: January 23, 2026

    Add as preferred source on Google
    The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
    Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Transportation Sectorinsurancerisk managementfinancial stabilityEconomic Planning

    Quick Summary

    Piracy in Southeast Asia increased by 83% in 2024, with most incidents in the Straits of Malacca and Singapore. ReCAAP urges increased vigilance and preventive measures.

    Piracy and Armed Robberies Surge 83% in Southeast Asia Waters

    SINGAPORE (Reuters) -There were 95 piracy and armed robberies against ships in Asia from January to June this year, an 83% increase compared to the same period last year, according to data from the Information Sharing Centre of intergovernmental anti-piracy group ReCAAP.

    Most of the incidents occurred in the Straits of Malacca and Singapore, which the watchdog flagged as an area of concern. There were 80 incidents in these waters over the period, compared to 21 in the first half of 2024.

    Most incidents in the Straits of Malacca and Singapore were not severe, with no ship crew injured 90% of the time. Nine in 10 incidents happened after dark, said the information centre for ReCAAP, which stands for the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia.

    The group said there was no evidence to suggest that ships of a particular flag were being targeted, and that incidents tended to occur on ships that were slow moving and had crew who were less vigilant.

    "Perpetrators take grave risk to their lives during attacks on the ships to steal low value items. This indicates that socioeconomic conditions are driving the perpetrators to commit crimes," said the anti-piracy group.

    In half of the 80 cases in the two Southeast Asian waterways, nothing was stolen, while in 29% of the incidents, the attackers took engine spares.

    About half of the attacks in the Straits of Malacca and Singapore were on bulk carriers and a quarter on tankers, the information centre said.

    "In most incidents, the criminals boarded ships that were ill-prepared, had low freeboard, and manoeuvred at slow speed in restricted areas of the Straits of Malacca and Singapore," the ReCAAP centre said, referring to narrow parts of the straits where there is congestion and less space to manoeuvre.

    Authorities in the region should increase their presence in places where piracy and armed robberies repeatedly occur while crews need to be more vigilant, said Vijay D Chafekar, executive director of ReCAAP Information Sharing Centre.

    "Shipmasters transiting the areas of concern need to increase watchkeeping on deck during hours of darkness and install preventive measures to deter unauthorised boarding," Chafekar said.

    (Reporting by Xinghui Kok; Editing by Tom Hogue and Kate Mayberry)

    Key Takeaways

    • •Piracy incidents in Southeast Asia rose 83% in 2024.
    • •Most incidents occurred in the Straits of Malacca and Singapore.
    • •Incidents were mostly non-severe with no injuries reported.
    • •Socioeconomic conditions drive piracy, targeting slow-moving ships.
    • •Authorities urged to increase presence in high-risk areas.

    Frequently Asked Questions about Ship piracy, robberies rise 83% in Southeast Asia in Jan-June, anti-piracy group says

    1What was the percentage increase in piracy incidents in Southeast Asia?

    There was an 83% increase in piracy and armed robberies against ships in Asia from January to June this year compared to the same period last year.

    2Where did most piracy incidents occur?

    Most incidents occurred in the Straits of Malacca and Singapore, with 80 incidents reported in these waters over the period.

    3What types of ships were primarily targeted in these incidents?

    About half of the attacks were on bulk carriers, while a quarter targeted tankers, indicating a trend in the types of vessels affected.

    4What measures are suggested for shipmasters to prevent piracy?

    Shipmasters are advised to increase watchkeeping on deck during hours of darkness and to install preventive measures to deter unauthorized boarding.

    5What socioeconomic factors contribute to these piracy incidents?

    The perpetrators take significant risks to steal low-value items, suggesting that socioeconomic conditions are driving them to commit these crimes.

    More from Finance

    Explore more articles in the Finance category

    Image for Sterling steady as traders remain cautious about efforts to end Iran war
    Sterling Steady as Traders Remain Cautious About Efforts to End Iran War
    Image for Dutch gas storage levels hit lowest level in years
    Dutch Gas Storage Levels Hit Lowest Level in Years
    Image for London's FTSE 100 climbs on prospects of Middle East ceasefire 
    London's FTSE 100 Climbs on Prospects of Middle East Ceasefire 
    Image for Analysis-Ukraine faces new Russian offensive as peace talks stall
    Analysis-Ukraine Faces New Russian Offensive as Peace Talks Stall
    Image for German army eyes AI tools to expedite wartime decision-making
    German Army Eyes AI Tools to Expedite Wartime Decision-Making
    Image for Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
    Hungary to Curb Gas Flows to Ukraine Until Druzhba Oil Flows Resume, Orban Says
    Image for NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports
    NatWest to Sell HR Consultancy Unit Mentor in Streamlining Push, Sky News Reports
    Image for Italy's growth outlook darkens due to Iran conflict, business lobby says
    Italy's Growth Outlook Darkens Due to Iran Conflict, Business Lobby Says
    Image for Denmark's prime minister hands in government resignation after election defeat
    Denmark's Prime Minister Hands in Government Resignation After Election Defeat
    Image for ECB's Lane flags selling prices and wages as key indicators
    ECB's Lane Flags Selling Prices and Wages as Key Indicators
    Image for UK house prices rise by least since September 2024 in January
    UK House Prices Rise by Least Since September 2024 in January
    Image for Commerzbank supervisory board committee met 11 times to discuss UniCredit in 2025
    Commerzbank Supervisory Board Committee Met 11 Times to Discuss UniCredit in 2025
    View All Finance Posts
    Previous Finance PostGerman Inflation Confirmed at 2.0% in June
    Next Finance PostUkraine to Launch Starlink Mobile Internet in 2026, Becoming Europe's First, Kyivstar Says