CrewMirror.com

The Reflection of Seafarers Life

Western

Economic Impact of Maritime Threats in the Western Indian Ocean

2 mins

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.

Continue reading

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

3 mins

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.

Continue reading
Advertisements