A terrorist attack from the sea in or close to Singapore waters would send ship and cargo insurance rates skyrocketing and probably make many seagoing vessels avoid the port until the scare had eased and premiums returned to more normal levels. This would not just be a disaster for Singapore, one of the world's most trade-dependent nations. But it would also jolt commercial confidence in Asia and raise questions about the region's growth prospects, at least in the short term.
Go take a look.
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