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In response to growing concerns about piracy and armed robbery in the Gulf of Guinea, BIMCO is working closely with the United Nations Office on Drugs and Crime (UNODC) and Stable Seas, an international non-governmental organisation, to calculate the costs of maritime piracy and armed robbery in the Gulf of Guinea to West and Central African nations.
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.
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.
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