Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


The Lloyd’s List Podcast: Where have all the pirates gone?

Listen to the latest edition of the Lloyd’s List’s weekly podcast — your free weekly briefing on the stories shaping shipping

Piracy attacks are at a 30-year low according to the latest figures, but have the pirates really hung up their Kalashnikovs, or is this a statistical anomaly, rebranding or just more opaque reporting? This week’s podcast investigates what really lies behind the lack of piracy headlines and the real security risks still out there for shipping



SHIPPING’s persistent piracy problem has all but disappeared off the radar.

Attacks are still happening, but according to the International Maritime Bureau’s latest annual report maritime piracy and armed robbery attacks have reached their lowest recorded levels in 30 years.

There were five attempted hijacks of ships recorded in 2022, only two of them were successful and only one of them saw pirates fire weapons.

Compare that to the relative recent heyday of the Somali piracy scourge where hijack attempts were happening daily and in 2011 alone the 237 attacks cost the industry $8.3bn in ransom and insurance costs — it seems the piracy risk has subsided.

So, have the pirates hung up their Kalashnikovs for good?

Well, piracy in the Gulf of Guinea, the epicentre of today’s most significant security hotspot, has clearly been on a downward trend in the past few years, but illegal oil bunkering and pipeline vandalism is at an all-time high. And while the hijack business model may have been broken, armed robbery against ships, particularly in domestic waters, is also not going away.

The latest edition of the podcast examines what the recent lull in piracy activity means for maritime security and whether it really has disappeared. We look at the regulatory crackdowns and explore whether the current lull in piracy is just a rebranding of statistics and rampant underreporting.

Feature expert insights from:

  • Cyrus Mody, the deputy director of the International Maritime Bureau

  • Martin Kelly, Lead Intelligence Analyst at EOS Risk Group

  • Jakob Larsen, Head of Maritime security, BIMCO

  • Stephen Askins, Partner at Tatham & Co






Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts