July 28, 2017
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Safe haven
Increasing piracy activities in SE Asia South East Asia is fast becoming a potential threat to the world commerce due to rising incidents of sea piracy. In past few years the region has witnessed an increase in the pirate attacks near Strait of Malacca and South China Sea. This is becoming a significant problem and it seems to be escalating as the value of the oil stolen in 2015 alone in the area stands at $5 million. There have been 124 armed robberies, hijackings and other attacks on ships by Southeast Asia sea criminals in 2015. In Southeast Asia, pirates are increasingly hijacking ships to steal oil from slow-moving tankers but rarely seek to ransom the crew. It is estimated that pirates have stolen more than 16,000 metric tons of oil products in 2015. The pirates operate very differently in this region as compared to the piracy attacks in Somalia or East Africa. Unlike pirates in Somalia, who seeks multi million dollars as ransom money and keep the ship and crew as hostage, pirates in Malacca Strait capture tankers, sail them to a mother ship and siphon off the fuel, then release the boats with their equipment smashed and, at times, the crews badly hurt.  In the Malacca Strait, pirates like to get in and get out. Their modus operandi is not to kidnap. These pirates just want the cash aboard the vessel or to rob the crew of any valuables. There’s a really high return on investment in a very short period of time with oil theft in the regio
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