Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
BLOG May 05, 2020

Malay Peninsula piracy

Contributor Image
Anton Alifandi

Associate Director, Country Risk, S&P Global Market Intelligence

Contributor Image
Columb Strack

Head of Global Cargo Risk, S&P Global Market Intelligence

The average number of piracy incidents recorded off the Malay Peninsula has risen from fewer than one per month in April 2019 to more than three in April 2020. The actual number is likely to be higher, as many incidents are not reported by ships' crews to avoid delays caused by investigations, and perceived reputational impact.

The coronavirus disease 2019 (COVID-19) virus pandemic is likely to trigger a further increase in piracy in the Singapore Strait and off the Malay Peninsula over the coming months. The Indonesian islands of Batam and Karimun, where the majority of piracy attacks in the Singapore Strait are believed to originate, have experienced an economic decline in recent years, particularly affecting the local shipbuilding industry. The pandemic is likely to see a further sharp decline in manufacturing because of lower global demand, as well as from tourism as a result of travel restrictions. Unemployment and sudden loss of income are likely to drive a greater number of individuals towards piracy. The growing number of incidents over the past year is probably also partly due to reduced law enforcement resources in the strait because of the redeployment of Indonesian naval and coastguard vessels to the Natuna islands region in the South China Sea, where Indonesia is engaged in a territorial dispute with China that is unlikely to be resolved in the 12-month outlook.

Piracy in the Singapore Strait will probably remain limited to low-level petty theft, and incidents of kidnap for ransom or hijacking of vessels for cargo theft are unlikely. Piracy incidents in the Singapore Strait normally involve small numbers of perpetrators in high-speed fishing boats who approach vessels sitting low in the water, during the night, armed with crowbars and knives. All incidents reported in the past two years involved petty theft of valuables from the crew or spare parts from the engine room, or theft of scrap metal from open barges. Pirates operating off the Malay Peninsula very rarely carry firearms and often abort attacks once the crew is alerted to their presence. However, growing reports of firearms being used in robberies would indicate the increasing capability and risk appetite of pirates, raising the likelihood of vessel hijack for the purpose of cargo theft or an incident of kidnap for ransom.

Posted 05 May 2020 by Anton Alifandi, Associate Director, Country Risk, S&P Global Market Intelligence and

Columb Strack, Head of Global Cargo Risk, S&P Global Market Intelligence

Previous Next
Recommended for you

Global Economy
Country Risk
Pricing & Purchasing

A disjointed world

Key economic, geopolitical and supply chain drivers for 2024
Request full report

From neighborhood to nation we have you covered

Regional Explorer: Economics, risk, and data analytics
Learn more
Get a 360 degree perspective

Subscribe to our blog newsletter

Sign up
Related Posts
VIEW ALL
Blog Dec 11, 2024

Fishing for CHPIs: Trade flows adapt to sanctions on Russia

Blog Dec 09, 2024

Power plays: Themes for 2025

Blog Nov 18, 2024

Global economic outlook: November 2024

VIEW ALL
{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fmalay-peninsula-piracy.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fmalay-peninsula-piracy.html&text=Malay+Peninsula+piracy+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fmalay-peninsula-piracy.html","enabled":true},{"name":"email","url":"?subject=Malay Peninsula piracy | S&P Global &body=http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fmalay-peninsula-piracy.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Malay+Peninsula+piracy+%7c+S%26P+Global+ http%3a%2f%2fprod.azure.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fresearch-analysis%2fmalay-peninsula-piracy.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort