Cranes on Mogadishu’s skyline prove there is an alternative to piracy
Extorting shipowners should never be the only way to get rich
Things are looking up in Somalia. But the West needs to make sure hope wins big
CONSTRUCTION cranes currently dot the skyline of downtown Mogadishu.
The Somali capital is undergoing something of a building boom, as property developers seize the chance to turn a quick buck by hastily throwing up office complexes and apartment blocks.
Just three months ago, the city’s port opened a new container terminal that will boost annual throughput capacity from 150,000 teu to 250,000 teu.
The World Bank rates it as the most efficient gateway in East Africa, outperforming regional rivals such Djibouti and Mombasa.
Somalia’s GDP grew by 4% last year, which is testimony to the regenerative capacity of the invisible hand.
The economy could almost have stepped straight out of a libertarian textbook, ranking among the most deregulated anywhere on the planet. Eat your heart out, Xavier Millei.
For a country that was not too long ago universally written off as a perpetual basket case, these are obvious signs of better days ahead.
The flipside is a string of major problems, which include climate change-induced drought and flooding, widespread food insecurity and large chunks of territory under the control of Islamist militias.
One region, Puntland, considers itself autonomous. Another, Somaliland, has gone further and unilaterally declared independence.
So the last thing the administration of Prime Minister Hamza Abdi Barre needs right now is the return of piracy. That is possible; it is not inevitable.
This month to date has witnessed an attack attempt to board Stolt-Nielsen tanker Stolt Sagaland (IMO: 9352200) and the boarding of Latsco Marine Management’s Hellas Aphrodite (IMO: 9722766).
Shipping professionals of middling years and older will remember just how bad things got at one stage in the past, with 237 attacks in 2011 alone.
For a time, it looked as if the scourge had very largely gone away. There were no successful captures of merchant vessels whatsoever between 2018 and late 2023, leading the International Maritime Bureau to declare that the Indian Ocean was no longer a piracy hotspot.
Some sources have attributed the renewed outbreak to the encouragement proffered by the local jihadists grouped as al-Shabaab and their Houthi allies in Yemen.
If eminent area specialists cite that prospect, it would be foolish to gainsay them. But the motivation for Somali pirates has traditionally been criminal rather than ideological.
Hand-wringing commentators have been known to paint their actions as a response to overfishing by foreign factory trawlers in Somali waters, devastating coastal livelihoods.
