The Western Indian Ocean faces a maritime security threat costing approximately USD 1.14 billion annually, impacting 5.7% of its gross marine product. This was discussed at a recent UN-organized meeting in Mauritius, aiming to address maritime insecurity and develop sustainable funding strategies for the region’s Blue Economy.
Leaders in the maritime industry recently gathered at SMW 2025 to discuss the challenges and opportunities in the sector. Jeremy Nixon highlighted political processes and security issues affecting container trade, while Zahid Osman emphasized the impact of conflict on global trade. James Marshall shared optimism about market recovery and the industry’s strategies for decarbonization.
The BIMCO Documentary Committee has approved revisions to its War Risk Clauses to address evolving geopolitical challenges in the shipping industry. Updated versions include the VOYWAR 2025 and CONWARTIME 2025 clauses. Chairperson Nicholas Fell stressed the importance of reflecting conflicts accurately. The committee also discussed war risk insurance aspects.
The shipping industry faces a severe crew shortage, with projections showing a potential shortfall of 90,000 individuals. The “All Onboard” consortium conducts research to improve crew retention at sea. A recent report highlights changes to combat harassment, bullying, fatigue, and discrimination. Recommendations include zero-tolerance policies and creating a positive workplace for all seafarers.
The Minister of Transport, Joseph Bukari Nikpe, announced plans to address visa acquisition challenges for seafarers. The government will secure visas on arrival for shipowners and seafarers at the port, supporting Ghanaian seafarers in accessing global job opportunities. Nikpe encouraged youth to consider careers as seafarers through institutions like the Regional Maritime University.
The Maritime union RMT criticizes the decrease in UK resident seafarers despite an increase in seafarer jobs. Only seven percent of UK Ratings hold these jobs, with most demand met by non-EEA seafarers. RMT calls for better regulation of working conditions and Tonnage Tax reforms to support UK Ratings in the maritime industry.
