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2015 likely record year for hijackings in Southeast Asia

2015 looks set to become a record year for hijackings in Southeast Asia. High demand for illicit oil and a well-established black market in the region will help drive this development, according to security agency.

Photo: EUNAVFOR

With the hijacking of tanker vessel Joaquim in the Malacca Strait on August 8th this year, the trend of a growing number of pirate attacks in Southeast Asia looks set to continue, and 2015 looks on track to become a year plagued by a record number of hijackings in the region, notes security firm Protection Vessels International (PVI) in an update.

This development is primarily caused by a significant demand for illegally procured oil, and is further strengthened by a well-established black market in the region, which makes it easy for pirates to sell their loot.

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