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East Africa High Risk Area

E1. Maritime security, geopolitics and risk

Definition

Former piracy HRA off Somalia, removed from BMP scope January 2023.

The standing High Risk Area off Somalia and East Africa, the zone within which BMP self-protection and war-risk premium triggers applied against Somali piracy from 2010. On 22 August 2022 the shipping industry round table (BIMCO, ICS, INTERTANKO, INTERCARGO, OCIMF) and military partners announced its removal effective 1 January 2023, after Somali pirate attacks fell to near zero. Removal ended the fixed boundary that had driven additional war-risk premium and mandatory hardening; UKMTO reporting and fusion-center threat awareness continued voluntarily.

Source: Industry round table and naval partners, High Risk Area removed effective 1 January 2023