Economic Impact of Maritime Threats in the Western Indian Ocean

In the Western Indian Ocean, maritime threats cost the region approximately $1.14 billion annually, impacting the blue economy’s stability. Key issues include illegal fishing, piracy, and environmental hazards. A United Nations report emphasizes the need for enhanced maritime security and regional collaboration to safeguard ocean resources and mitigate economic losses.

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Western Indian Ocean Blue Economy Faces $1.1 Billion Loss Due to Instability

The Western Indian Ocean faces rising maritime threats, particularly piracy along the Somali coast. A recent hijacking of the Maltese-flagged tanker Hellas Aphrodite underscores regional insecurity. This instability jeopardizes the blue economy, costing approximately $1.1 billion annually and hindering growth in ocean-based industries vital for the region’s development.

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India and ASEAN to launch new cruise tourism corridors in Bay of Bengal

India and ASEAN Launch Cruise Tourism Collaboration in the Indian Ocean and Bay of Bengal

India is set to collaborate with ASEAN to establish cruise tourism routes in the Indian Ocean and Bay of Bengal, announced Union Minister Sarbananda Sonowal. During the ASEAN-India Cruise Dialogue, discussions focused on enhancing connectivity, improving port infrastructure, and fostering sustainable tourism across the Indo-Pacific region to boost maritime cooperation.

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Enhancing Maritime Security in Somali Coast and Surrounding Waters

The council has updated Operation ATALANTA’s mandate to enhance maritime security in Somalia, the Gulf of Aden, the West Indian Ocean, and the Red Sea. The goal is to combat piracy and illicit trafficking at sea by strengthening regional maritime security. Collaboration with Operation ASPIDES and rebranding the Maritime Security Center will further bolster these efforts.

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New Piracy Warnings for Indian Ocean and Singapore Strait Amid Decrease in Seafarer Crimes

Warnings have been issued for vessels in the Indian Ocean and Singapore Strait despite a decrease in crime against seafarers. EUNAVFOR is investigating suspected pirate action groups from Somalia. ReCAAP ISC reported three new incidents in the Singapore Strait. ICC International Maritime Bureau reported a 30-year low in crimes against seafarers but with Caution.

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Decrease in Maritime Incidents by 50% in the Indian Ocean

According to a regional maritime agency, ports in India have seen a decrease in armed robbery incidents, with only two reported between January and June 2024. Krishnaswamy Natarajan of the ReCAAP Information Sharing Centre highlighted that these incidents typically involve theft of nominal items or engine spares. Despite this, authorities must remain vigilant and implement security measures to prevent future incidents.

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