The context of the latest BMP4 adjustment the Joint War Committee had reduces of the size of the Hull War, Piracy, Terrorism and Related Perils Listed Area for the Indian Ocean with JWLA 022 in december last year. As a result, the Red Sea up from Latitude 15° North is not longer to be recognized as a piracy related area, as well as the waters up from Longitude 65° East.
Besides the effects on insurance premiums for the shipping industry, the ongoing political changes within the major hubs of Egypt as well as Sri Lanka might cause major deficiencies in the availability of PMSC services for the shipping industry. As the so called PCASP „vanilla route“ from Far East to Europe and vice versa was meant to be a transit between Galle and Suez, this hubs will likely drop in their logistical importance due to Egypts declination of PMSC services and Sri Lanka Navy’s takeover of the company AGMS.
Please click the links down below for further information on the issue.
Main Office Sittensen / Germany
Lindenstr. 11, 27419 Sittensen / Germany / Europe
P.O. Box 1417, 27416 Sittensen / Germany / Europe
Phone.: +49 4282 59 40 798
E-Mail: info@ibs-ops.com
Branch Office Hamburg / Germany
Georgsplatz 1, 4. Floor
20099 Hamburg, Germany, Europe
Phone.: +49 40 879 79 85 0
E-Mail: hamburg@ibs-ops.com
Representative Office Florida / USA
66 West Flagger Street, Suite 900, Downtown Miami
Miami / Florida 33130
United States of America
Tel.: +1 786 7430733
E-Mail: miami@ibs-ops.com
Representative Office Muscat / Oman
Tamina Building, 02nd Floor
Al Nahdha Road, Wattaya, P.O. Box 395
PC 118 Muskat / Sultanate of Oman / Middle East
Phone: +968 2466 7782
E-Mail: muscat@ibs-ops.com
Representative Office Singapur / Singapur
3 Temasek Avenue
Centennial Tower / Level 21 / 039190 Singapore
Republik Singapore / Asia
Tel: +65 65 49 72 09
E-Mail: singapore@ibs-ops.com
Representative Office Vilnius / Lithuania
Gedimino pr.20
Vilnius, Lithuania, LT-01103
East Europe
Phone: +370 520 78892
E-Mail: vilnius@ibs-ops.com