Pirate Threat: ‘Entire Shipping System’ Vulnerable In Southeast Asia

Australian ships are having to navigate increasingly perilous regional seas.

Sam McKeith

Forget Somalia. Australia’s backyard is fast becoming the new global hub for ocean piracy, with Aussie vessels under increasing risk of attack, a new report has found.

The Allianz report, released Monday, found piracy attacks in southeast Asia were on the rise and the region was now responsible for about 60 percent of worldwide attacks.

Piracy now represented “a major concern for Australian ship owners and operators”, a statement accompanying the report said.

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Via: http://www.huffingtonpost.com.au/