Although the number of vessels which sank around the world fell to a record low last year, the threat of piracy is increasing, according to a new report published by German insurance company Allianz Commercial on Wednesday. The annual report on shipping risks stated that only 26 larger vessels sank worldwide last year, a decline of almost a third compared to the year before and a drop of over 70% in a ten-year comparison. According to Allianz Commercial, marine traffic has recently become much safer. However, the threat of piracy is increasing. Last year, there were 120 known pirate attacks wo…