More ships are expected to call at East African ports as maritime crime against shipping companies has declined over the past 20 years.
Cargo ships bound for Mombasa, Dar es Salaam, Jeddah and the Port of Djibouti have had to previously used detours to avoid an attack in the Indian Ocean. Others had to pay higher insurance premiums or hire safety escorts, which in turn made importation costly for the local consumer.
Well, the Allianz Global Corporate & Specialty SE (AGCS) “Safety & Shipping Review 2022” report shows that sea piracy in the Indian Ocean has almost disappeared.
Only one incident was recorded aboard MV Anatolian on August 13, 2021 along the coast of Somalia, but the description of the event is more oriented towards mail smuggling.< /p>
Kenya’s seas were redesignated as a high-risk area by the global shipping industry about three months ago.
The Gulf of Guinea in 2021 witnessed a drastic drop in acts of piracy of more than 60 percent in 2021 Compared to 2020, but remains the hotspot for global maritime piracy.
Shippers Council of Eastern Africa (SCEA) Chief Executive Gilbert Lagat said the reduced risk ko would save East African traders millions of dollars in insurance and collateral ty expenses and encourage more ships to call.
“Reduced risks as a result of improved surveillance will lower import costs and so will the shipping companies operating on such encourage resumption of routes,” Mr Lagat said.
The decrease in piracy cases is related to the international naval presence in the region.
The seas of East Africa and the Horn of Africa were classified by Best Management Practices in 2009 as high-risk areas to prevent piracy and enhance maritime safety (BMP-5).
Since then, insurance premiums for shipments have risen and five of the largest confederations in the global shipping industry have withdrawn theirs activities in the region. These included the International Association of Dry Cargo Ship Owners, the International Association of Independent Tank Owners, the International Chamber of Shipping, the Oil Companies International Marine Forum and the Baltic and International Maritime Council.
“With the reduction From cases of piracy, traders have a variety of shipping companies to choose from depending on the type of goods they are importing or exporting, which will reduce shipper competition and ultimately the cost of ocean freight,” said John Karisa, a clearing and forwarding agent in Mombasa .
Rahul Khanna, Global Head of Marine Risk Consulting at AGCS, noted that the global marine sector has shown tremendous resilience in recent years as safety levels have increased.
Khanna said losses are at record lows this year, but the situation in Ukraine has caused widespread disruption in the Black Sea and elsewhere and exacerbating the ongoing problems in the supply chain, port congestion and the crewing crisis caused by the Covid-19 pandemic.
The r The report warned of an increased likelihood of cyber risks for the shipping sector such as GPS Interference, Automatic Identification System (AIS) spoofing and electronic interference.
Prior to the invasion of Ukraine, there had already been a number of these incidents, reported in the Middle East and China.
The BMP-5’s International Maritime Organization (IMO) designation is a relief to shippers who have suffered over the past eight years.
< p>IMO is the United Nations (UN) organization responsible for improvement responsible for the safety of global shipping.