LONDON (Reuters) - Somali piracy in the Indian Ocean costs the global economy some $7 billion a year, a study said on Wednesday, with ships forced to travel faster over longer routes and increasingly hire armed security guards.
"The question for the shipping industry is how long this is sustainable," said Anna Bowden, program manager for the research by the U.S.-based One Earth Future foundation.
For the last five years, a few hundred pirates sailing from a handful
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