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The Indian Ocean carries a large share of the world's energy and trade, and almost all of it funnels through a handful of narrow chokepoints. That geography…
The Strait of Hormuz is the most consequential stretch of water in global energy. Around 20 million barrels of oil and petroleum liquids pass through it every…
Maritime risk is no longer defined by one threat at a time. Two patterns are intensifying together: armed piracy is reasserting itself in the western Indian…
Ukraine's campaign against Russia's "shadow fleet" of sanctioned oil tankers has stopped being a Black Sea problem. In December 2025, Ukraine's Security…
For most of the past decade, Somali piracy was treated as a solved problem. Sustained naval patrols, hardened merchant shipping and a collapse in successful…
A weapon most operators had filed under twentieth-century naval history has returned to one of the world's busiest shipping lanes. Across 2025, a run of…
Environmental compliance used to be a back-office concern: file the right paperwork, hold the right certificates, satisfy the surveyor. That era is over. A…
The maritime risk picture for 2025 is defined less by any single flashpoint than by the way several threats now reinforce one another. State conflict,…
For most of the last decade, the Gulf of Guinea was the most dangerous piracy hotspot in the world. By the early 2020s it accounted for the overwhelming…
