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The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely behind the surge in contracting.
This bi-annual threat assessment has been written by EU NAVFOR and Combined Maritime Forces (CMF).
This bi-annual threat assessment has been written by EU NAVFOR and Combined Maritime Forces (CMF).
Industry organisations, supported by government and military organisations, have worked together to produce a new publication that will help mariners detect, deter and delay external threats to their safety. Best Management Practices to Enhance Maritime Security for Vessels & Mariners Operating Off the Coast of West Africa including the Gulf of Guinea (BMP WA) consolidates and enhances existing guidance for specific threats in this region.
Combined Maritime Forces (CMF) have introduced a Maritime Security Transit Corridor linking the Internationally Recognised Transit Corridor (IRTC) in the Gulf of Aden and the Traffic Separation Scheme (TSS) in the lower Red Sea.