Tanker Hijackings Raise Piracy Concerns in Seas Around Singapore
Two tanker hijackings in about a month in the South China Sea and Malacca Strait, a route for about a quarter of seaborne oil trade, have fueled fears piracy could be on the rise in the area, potentially driving up ship insurance premiums. On Nov. 7, pirates hijacked a tanker carrying marine gasoil in
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