AGP Executive Report
Last update: 7 hours agoMaritime Safety: A Marshall Islands-flagged tanker, MT Valthera, caught fire after being struck by an unidentified projectile near the Strait of Hormuz; all 11 crew were reported safe. Separately, two sailors remain missing after a drone attack on another tanker off Oman. The incidents heighten risks for shipping and crews on vital energy routes. Flagged Fleet: Last week, a Russian drone strike damaged a Marshall Islands-flagged civilian vessel in the Black Sea, killing one person and injuring others. Fuel and Freight: Pacific governments are using subsidies and social protection to cushion the oil-price shock, which is raising transport and freight costs for outer-island households and businesses. Fisheries: A Pacific Islands Forum Fisheries Agency report warns criminal networks are exploiting tuna vessels and seafood supply chains to move cocaine, adding pressure on regional fisheries oversight.
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