Declining Somali piracy prompts reform of High Risk Area in Indian Ocean
Major shipping groups, including BIMCO, ICS, INTERCARGO, INTERTANKO, and OCIMF, announced an upcoming reduction of geographic boundaries of the ‘High Risk Area’ for piracy in the Indian Ocean, which will apply from 1 September 2021, as a consequence of a continued downward trend in Somali piracy.
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