Wednesday, 12 November 2008
Re-Routing Shipping To Avoid Pirates
There is a fascinating nugget in the FT today, noting that at least one big shipping company has startede re-routing its vessels around the Cape of Good Hope, rather than send them through the Suez Canal and risk attack by Somalia's pairates. Fairly obviously, decision like that are adding huge costs to world trade. It can't be long before a major assault on the pirates in unleashed.