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Container customers still paying high piracy surcharges in Somalia

Even though the piracy threat at the Horn of Africa has been significantly reduced, container customers are still paying almost the same in risk surcharges as when the threat was at its worst, according to a survey performed by SeaIntel.

Although the number of pirate attacks in the Gulf of Aden, the Arabian Sea and off the coast of Somalia has fallen drastically, container shippers are still paying pretty much the same in risk surcharges as when the threat from pirates and the number of attacks was at its worst a few years ago.

In order to investigate whether shipowners on the Asia-Europe service still experience significant costs related to passages through the waters in question, SeaIntel has asked the container shippers if they still increase speed, if they operate with armed guards on board and if they still pay a special risk surcharge to the shipowners and the insurance companies.

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