It’s a Pirate’s Life for Indonesia, as Piracy Attacks Spike

By Andreas Ismar

JAKARTA, Indonesia–The Oscar-nominated film Captain Philips brought the threat of Somali piracy to the big screen last year. But if it were highlighting the current reality, it would have been better set in Indonesia.

The sprawling archipelago has become the world’s top spot for pirate attacks, according to “Safety and Shipping Review 2014,” a report by a unit of global insurer Allianz Global Corporate & Specialty that looked at key developments in maritime safety.

The number of attempted and actual acts of piracy in Indonesia has jumped seven-fold over the past five years, bucking a global downward trend in the number of sea piracy attacks.

In 2013 the number of recorded attacks reached 264, a 40% drop from the time Somali piracy peaked in 2011, the AGCS report said, citing data from the International Maritime Bureau.

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Source: http://blogs.wsj.com/

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