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This document provides updated information on threats affecting merchant ships in the Red Sea, Gulf of Aden (GoA), Gulf of Oman (GoO) and the Western Indian Ocean.
This document provides the most recent information available affecting merchant ships in the Red Sea, Gulf of Aden, Gulf of Oman and Western Indian Ocean.
This document provides updated information on threats affecting merchant ships in the Red Sea, Gulf of Aden (GoA), Gulf of Oman (GoO) and the Western Indian Ocean.
At a breakfast meeting earlier today with senior shipping industry representatives, the EU Naval Force Operation Commander, Major General Martin Smith MBE, stated that whilst Somali-based piracy in the Indian Ocean and Gulf of Aden is suppressed, there is no room for complacency regarding the ongoing threat.
BIMCO has received two security advisories which are shared below.
The ending of the monsoon has focused increased attention on the piracy issue and thus also the costs of piracy.
Projected oil demand continues to slide, with growth entirely driven by non-OECD countries. OECD-demand is expected to contract by 0.4 million barrels per day (mb/d) this year and 0.1 mb/d in 2012. The 2012 forecast by IEA leaves little room for optimism, as the current estimate is as low as 1.7% (1.5 mb/d)
Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012. The IEA has revised down its demand outlook by 0.2 million barrels per day (mb/d) for 2011 to reach 89.3 and by 0.4 mb/d for 2012 to reach 90.7. Growth outlook now stands at a modest 1.1% in 2011 and 1.6% in 2012.
This bi-annual threat assessment has been written by EU NAVFOR and Combined Maritime Forces (CMF).
