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Maritime Piracy: 'A Disruptive Implication for Global Oil Transportation Security'( Vol-3, Issue-5,September 2017 )

Author(s):

Dr. Charles Awoala Briggs

Keywords:

Oil transportation, oil Security, maritime piracy, terrorist attacks, oil transit chokepoints, counter piracy measures.

Abstract:

Global transportation of crude oil links both upstream and downstream activities, and plays an important role in global oil industry supply chain management. It is increasingly evident that crude oil tankers plying unpoliced waters around the globe have become a favorite target for piracy and terrorist attacks. Terrorist attacks, though not so often, can cause damages and disruption along the crude oil supply network. Indeed, the petroleum industry has been a target for terrorism. Large quantities of crude oil freight are transported around the globe, and selection of transport mode and route as well as general security management are not necessarily at the optimum level. Findings suggest that, enhanced vigilance, watch keeping and other protective measures have drastically increase the chances of thwarting terrorist attacks and pirate at sea. Indeed the result from this study strongly supports the fact that, adopting some of the ship protection measures recommended by the International Maritime Bureau to prevent piracy had been effective to some extent. Since global economic survival depends on a continuous reliable supply of petroleum products, it is therefore imperative to mitigate security threats in this industry worldwide.

ijaers doi crossrefDOI:

10.24001/ijcmes.3.5.1

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