India for redraw of piracy risk map

India, along with Egypt and Oman, have reiterated their demand for a review of the High Risk Area, which it had raised in earlier CGPCS meetings too.

India for redraw of piracy risk map

With pirate raids in eastern Arabian Sea virtually stopped for the past two years, India has taken up a new battle against global insurance firms to get the piracy risk map redrawn to prevent major shipping traffic from getting uncomfortably closer to its exclusive economic zone that adversely affect Indian fishermen.

In December 2010, the Lloyd’s Market Association’s Joint War Committee, a group of underwriters based in London, had increased the scope of the piracy-infested region till 65 degree east longitude. The increased area was defined in the ‘Best Management Practices (BMP)’ industry document, which is strongly endorsed by multinational forum, Contact Group on Piracy off the Coast of Somalia (CGPCS).

On May 1, the CGPCS held its plenary meeting in New York, where India, along with Egypt and Oman, reiterated their demand for review of the High Risk Area, which it had raised in earlier meetings too.

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Source: The New Indian Express.