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Jakob P. Larsen, Head of Maritime Safety & Security at BIMCO, will participate in a live ISWAN Talks session about "Seafarers – crisis in Red Sea and the Indian Ocean".
During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis.
In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances to increase a further 16% and tonne mile demand to increase 12% despite falling volumes.
The World Shipping Council, the International Chamber of Shipping and BIMCO today expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea and unlawful detention of vessels and crews there.
BIMCO has received two security advisories which are shared below.
BIMCO would like to remind all members of the need to remain vigilant and report all suspicious activity to UKMTO when transitting through the southern Red Sea in the area of Bab el Mandeb.
Washington/Copenhagen/London, 3 January 2024; The World Shipping Council, the International Chamber of Shipping and BIMCO today expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea and unlawful detention of vessels and crews there.
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