8th September 2008

The Star

Piracy attack will result in extra costs for shippers

Malaysian shipping companies plying the Far East-Europe trade will have to bear an extra 3,501 nautical miles if they avoid using the infamous pirate-infested Gulf of Aden.
 
The extra journey is also expected to cost shipping firm millions of ringgit if maritime crime in the Gulf of Aden is not promptly addressed.
 
About 11% of the world’s seaborne petroleum transportation pass through the Gulf of Aden to the Suez Canal or to other regional refineries in Europe.
 
Gulf of Aden provides the shortest maritime route from the Far East to Europe. Vessels that opt for an alternative journey will have to pass the Cape of Good Hope, and that will add 12 to 21 sailing days depending on the type of vessel and speed travelled.
 
Last week, MISC Bhd barred its vessels from entering the pirate-infested Gulf of Aden until security measures are enhanced.
 
This is after two of its tankers, Bunga Melati 2 and Bunga Melati 5, were hijacked by pirates in the area on Aug 19 and Aug 30 respectively.
 
Other than MISC vessels, recent cases of piracy in the gulf, believed to be the work of Somalian pirates, involved a bulk carrier, a tugboat, a general cargo vessel and a yacht.
 
In the second quarter of this year, Somalia was at the top of the list of global piracy cases with 24 piracy incidents, of which 19 occurred in the Gulf of Aden, according to the International Maritime Bureau. 

  
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