SANTANU SANYAL
Ship insurers, too, are backing the move to have armed guards on ships as the costs of piracy in terms of payouts are set to soar.
Shipping companies are placing armed guards on board their vessels to act as a deterrent to pirates. But this may not be a permanent solution.
Carriers with Indian flags will now be allowed to deploy armed guards against pirates, the Shipping Ministry has decreed, following repeated appeals by the Indian National Shipowners'
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