India has deployed missile destroyers in the Arabian Sea after a drone attacked a chemicals tanker off its west coast. Market participants warn that stable war risk premiums in the Persian Gulf and the Arabian Sea could rise if the area of attacks widens. Charterers are already facing rising freight costs, with the longer route via the Cape of Good Hope becoming more common. The recent drone attack targeted the Liberia-flagged tanker Chem Pluto, operated by Ace Quantum Chemical Tankers. The Indian Navy is conducting an investigation, and three missile destroyers have been deployed for deterrence, along with a long-range maritime reconnaissance aircraft. This incident follows a similar drone attack on an oil tanker in the Red Sea. The US has established a naval coalition to protect shipping lanes in the Red Sea.

SOURCE:GOOGLE