For the first time in five years, the security analysts at Risk Intelligence have had to reduce the high-risk area for piracy off the Horn of Africa, instead of repeatedly expanding it. The decreased amount of pirate activity in the region means that the company no longer believes the size of the high-risk area can be justified.
“When Somali pirate activity expanded it was easy enough. High-risk areas were drawn up, and they kept moving further away from the coast. But with the drop in the frequency of pirate attacks, we felt it was time to face the consequences and start reducing the area in way that makes sense,” says Nis Leerskov Mathiesen, chief analyst at Risk Intelligence.