Southeast Asia Initiates Rapid Response Force To Piracy

By MarEx 2015-08-25 12:52:15

Malaysia and Indonesia formed a joint rapid deployment team to respond to the increasing piracy incidents in the region. The joint force was established August 21 as Southeast Asia has become a hotbed for maritime piracy during the past year.

The Indonesian Navy is based on Batam Island and intends to deploy two armed BO helicopters in an effort to secure the Malacca Strait. There have already been 56 cases of piracy in the Malacca Strait this year. The Malaysian side is based in Johor and will support the piracy efforts with one helicopter.

The rise in Southeast Asian piracy has prompted ASEAN nations to establish a permanent security presence. Last weekend, pirates attacked six vessels in the Malacca and Singapore straits. Authorities believe the same group was involved in each incident.

Earlier this month, Singapore-flagged Joaquim was hijacked and it was later found without its 3,500 tons of fuel it was transporting to Pulau Langwai, Malaysia. The missing cargo is valued at $700,000.

In July, Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) said that incidents of piracy and armed robbery has risen by 18 percent in 2015 over last year in the same period. There have already been 106 incidents reported between January and June 2015 while there were only 90 in 2014.

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Overboard Passenger Dies

By MarEx 2015-08-25 10:38:46

A Carnival Glory passenger died after falling overboard near the Honduran coast August 19. The ship was enroute to Grand Cayman when the incident occurred. Passengers told authorities twice that they witnessed the woman’s body in the water twice and notified the emergency services onboard the vessel.

The ship altered its course within 45 minutes after the incident was reported. The 65-year-old female victim was recovered the following day.

Other incidents in the cruise industry:

In March, a 54-year-old man fell off the Carnival Glory off the Mexican coast. He was safely recovered. Last week, two passengers fell off the Cunard QM2 and the MSC Magnifica. And, a Royal Caribbean Freedom of the Seas crewmember suffered first-degree burns after flames sparked near the engine and spread to the deck.

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US-listed Shipping stocks battered

US-listed shipping equities have fallen sharply amidst a broad market selloff driven by China fears.
Almost all publicly traded shipping stocks were down, many in the high single digits or low double digits across the 21 August and 24 August trading sessions. The largest two-day declines were
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