HFW Briefing: Terrorism on the high seas

Communication, HR, Legal, Military, Piracy and Terrorism, Press and Media, Reports — By on November 11, 2014 at 10:29 PM

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SHIPPING & OFFSHORE

BRIEFING

November 2014

Terrorism on the high seas

A recent on-line Al Qaeda propaganda publication has once again highlighted the potential threat posed to global shipping by terrorism. The inaugural edition of “Resurgence” contains an article ominously entitled “On targeting the Achilles Heel of Western Economies”.

The article highlights the vulnerability of certain key global maritime chokepoints through which the majority of world energy is shipped every day. In particular, the article states “Even if a single supertanker (or even an ordinary westbound cargo-vessel) were to be attacked in one of the chokepoints or hijacked and scuttled in one of these narrow sea lanes, the consequences would be phenomenal: a spike in oil prices, an increase in shipping rates, more expensive maritime insurance, and increased military spending to ensure the safety of these sea passages.”

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