High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Pirates attacked a merchant ship at 0830Z on 25 February approximately 300NM southeast of Salalah, Oman, at 1437N 05840E. This same pirate attack group was possibly active at 1523N 05825E at 1200Z. It is highly likely more vessels will come under attack in this area.
Pirates attacked another merchant ship at 1029Z on 25 February approximately 400NM east of Socotra, Yemen at 1148N 06116E. It is highly likely more vessels will come under attack in this area.
These areas will remain high risk for at least the next 24-48 hours. Mariners are warned to avoid transiting near the area if possible. If necessary to transit these waters, mariners are encouraged to use all counter-piracy measures and employ all best management practices.
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