You are here

Tanker hijackings raise piracy concerns in seas around S'pore

Insurance premiums could rise if there are more attacks

[SINGAPORE] Two tanker hijackings in about a month in the South China Sea and Malacca Strait, a route for about a quarter of sea borne oil trade, have fuelled fears piracy could be on the rise in the area, potentially driving up ship insurance premiums.

On Nov 7, pirates hijacked a tanker...

Market voices on: