Piracy and theft of oil and gas vessels in southeast Asia are expected to accelerate in the coming year, according to a report by UK maritime intelligence firm Dryad Maritime.
Although attacks by pirates dropped by 27 percent in the third quarter of 2014 compared to the second quarter the oil and gas industries continue to wrestle with the threat of piracy, Upstream said.
The problem is especially pronounced in southeast Asia.
So far this year, there have been 30 confirmed instances of attacks by pirates. There were only nine reported incidents in the same period during 2013.
Dryad expects the trend to continue.
The Gulf of Guinea off Africa’s west coast has also experienced a spike in attacks.
Five product tankers have been hijacked near Singapore.
Dryad Maritime COO Ian Millen said the increase in piracy activities threatens the oil and gas transportation industry.
“We can expect to see a continuation in incidents of boarding and cargo theft in South-east Asia and in the Gulf of Guinea as criminal groups continue to prey upon the vulnerable and the unprepared,” Millen said.
Dryad also reported that incidents of kidnappings related to pirate attacks on oil and gas vessels have decreased.
There were 14 confirmed incidents of kidnapping during the second quarter, compared to 22 incidents in the first quarter.