TANKER owners’ group Intertanko has expressed its dismay that the London-based Joint War Committee (JWC) of Lloyd's Market Association has declared the Malacca Strait a high-risk area. The recent move has been attributed to continuing pirate attacks in the area.Not too surprising.
"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
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Friday, July 08, 2005
Tanker owners protest "war risk" insurance for Malacca Strait
Reported byMaritime Global Net,
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