Navigating troubled waters : understanding the impact of piracy in the Red Sea on international trade & shipping management strategies amidst the geopolitical tensions
Πλοήγηση σε ταραγμένα ύδατα : κατανοώντας τον αντίκτυπο της πειρατείας στην Ερυθρά Θάλασσα στο διεθνές εμπόριο και στις στρατηγικές διαχείρισης της ναυτιλίας εν μέσω των γεωπολιτικών εντάσεων
Master Thesis
Author
Panagopoulou, Lamprini
Παναγοπούλου, Λαμπρινή
Date
2024-11View/ Open
Keywords
Piracy ; Geopolitics ; Shipping strategies ; High-Risk Area (HRA) ; Risk assessement ; Πειρατεία ; ΓεωστρατιγικήAbstract
The Red Sea serves as an essential maritime route that is increasingly jeopardized by piracy, geopolitical conflicts, and maritime terrorism, which threaten the sustainability of international trade and shipping strategies. This thesis explores the effects of these risks on vessel operations and decision-making in high-risk zones, while assessing the effectiveness of maritime frameworks and industry policies, such as the Djibouti Code of Conduct and Best Management Practices. An expert-informed matrix, grounded in bibliographic insights and professional maritime security experience, was developed to design a targeted questionnaire assessing vessel-specific and company-wide risk factors. By quantifying qualitative data, the study identifies critical strategies such as the role of private maritime security companies, vessel hardening, adaptive routing, and dynamic risk reassessment. The research highlights the importance of scalable, tech-based solutions and improved international collaboration, linking theoretical perspectives on global security dynamics with the practical necessities of maintaining trade continuity in a maritime environment that is becoming more unstable.