AGP Executive Report
Last update: 7 hours agoRed Sea Security Talks: Somalia, Ethiopia, Yemen and Djibouti met in Nairobi to strengthen maritime law enforcement across the Red Sea and Gulf of Aden, with UNODC, EU, INTERPOL, IMO and IGAD backing information-sharing to counter piracy, illegal fishing and trafficking. Djibouti Maritime Role: Djibouti’s Maritime Authority warned that wider Middle East disruptions (including Hormuz) distract patrols and give pirates openings in the Gulf of Aden. Ethiopia’s Maritime Push: Ethiopia proposed a National Maritime Information Centre to improve coordination and protect the corridor as a landlocked economy lifeline. Piracy Alarm: The IMO says more than 90 seafarers are held after the hijacking of the tanker Seamull (Sibu 1), with six vessels now in pirate hands and calls for immediate release. Fuel Cost Pressure: Morocco’s oil and gas import bill rose by $2.2bn between March and August as the Strait of Hormuz crisis lifted diesel and LNG prices; Djibouti recorded about $1bn in higher costs, underscoring how shipping risk hits local industry and logistics.
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