Friday, September 19, 2014

Crime on the high seas: The world’s most pirated waters

Crime on the high seas: The world’s most pirated waters: "Why here, why now
From a business standpoint, the boom in south Asian piracy makes a lot of sense. A third of the world's shipping moves through the Strait of Malacca and Singapore Strait each year, including most trade between Europe and China, and nearly all the crude oil that moves from the Persian Gulf to the big Asian economies like China, Japan and South Korea. About 130,000 vessels arrive in Singapore each year alone, according to both Singaporean and international estimates. That breaks down to a ship entering the strait every four minutes. And the global trade that flows through that bottleneck—only 1.7 miles wide at its narrowest point—is growing."



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