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Meeting the cost of piracy

SHIPOWNERS say they will not pay for maritime security in the Malacca Strait, arguing that it is the responsibility of governments, writes Marcus Hand in Kuala Lumpur. Addressing the International Maritime Bureau’s tri-annual piracy conference in Kuala Lumpur, Hong Kong Shipowners’ Association managing director Arthur Bowring argued that maritime security should be taken care of by the littoral states. Mr Bowring said there are three different areas in terms of funding: navigational safety; environmental protection and security. “We really should separate maritime security from the other two,” he told a media briefing at the event.





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