»»International shipping: Soon A Fee Will Be Charged To Use Malacca Strait
The raise of the costs to keep the Malacca Strait open and safe, may have as a consequence that shipping vessels could soon have to pay a fee to use it.
Littoral states Singapore, Malaysia and Indonesia have stepped up patrols of the Strait in response to a surge of concern over incidents of piracy that prompted London insurers Lloyds to list the region as a war-risk zone, boosting premiums [..]
The 900-km-long Malacca Straits links Asia with the Middle East and Europe, carrying about 40 percent of the world’s trade, including 80 percent of the energy supplies of Japan and China.
(source:Reuters)A support to the proposal, from the International Maritime Organisation, a United Nations agency charged with safeguarding international shipping that groups 166 nations, will be crucial to set up a fee for Malacca strait’s users.
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