The International Chamber of Commerce’s International Maritime Bureau (IMB) is advising shippers to remain vigilant as they transit waters off Somalia and the Gulf of Aden, as piracy remains a threat.
With at least four vessels reported to have been hijacked since November off the Somalia coast, two of which are still being held ransom by pirates, uncertainty has gripped operators of cruises ship, cargo vessels and oil tankers, with fears of cargo delays and a resultant increase of prices in the coming days.
