Tag Archives: somali pirates

Supply chain disruptions by pirates

Yesterday I cited the press release of the Norwegian shipping company Odfjell, which no longer will send their tankers through the Suez Canal, but take the long route around Africa instead, hoping to avoid being hijacked by pirates. Maybe just in the nick of time, because now a supertanker full of crude oil has been hijacked by Somali pirates several hundred miles out to sea.

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Somali pirates forcing ships to make detour

In an earlier article today I quoted several sources saying that shipping companies are now seriously considering avoiding the Suez Canal and take the long route around Africa instead. One Norwegian shipping company, Odfjell, has already started sending their tankers on the long route, as reported by the Norwegian newspapers VG and Dagbladet. How long until others will follow? That’ll be interesting too see…

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Thanks to Somali pirates no Santa is coming this year?

In a previous article, 2 weeks ago, I voiced my opinion on whether Somali Pirates can shut down Europe’s supply chains. The fear of a major supply chain disruption seems more imminent now than before. Shipping companies are now seriously considering avoiding the Suez Canal and take the long route around Africa instead. The Norwegian newspaper Dagbladet reports that such move could endanger this year’s Christmas, with presumed presents not arriving on time to be sold from stores.

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Can Somali pirates bring down supply chains?

The BBC news this morning ran an interesting and worrying story: Shipping companies are considering to avoid The Somali coast and Suez canal on their way to Europe and rather take the long route around Africa. That will make for an extra lead time of 3-4 weeks, but at least the goods will arrive safely. If enough shipping companies in fact take such a step, this could mean a temporary supply chain disruption for Europe, while the new lead times settle in.

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Piracy at sea – is your supply chain at risk?

You may not consider it the foremost supply chain risk, but piracy can endanger civilians, can disrupt the economy, can encourage corruption, and could trigger an environmental disaster if attacks occur in congested sea-lanes traversed by oil tankers. Is this a risk you should be concerned about? The RAND coproration has recently released a report on the maritime dimension of international security.

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