Piracy on chemical tankers has increased on routes out of the Middle East, driving up costs and forcing ship operators to increase security and even scale back
The unabated threat of piracy on shipping routes between the Middle East and Asia, as well as the route between the Gulf of Aden and the Red Sea, will see a surge in chemical shipping costs next year, experts believe.
Security costs for operating in high-risk piracy zones have risen by 30% in 2011 to $100,000 (€74,000) per
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