Sea piracy pushes up ‘cost of insurance’

By PHILIP MUYANGA Commercial interests in the global maritime industry were on Monday cited by the government as one of the reasons seven suspected pirates should not be granted bail by a Mombasa court.Senior state counsel Alexander Muteti told the court that maritime insurance policies were going up as a result of heightened piracy in the Indian Ocean.Mr Muteti said the Mombasa Port’s close proximity to the epicentre of piracy activities off the East African coastline was proving to

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