South Korea's President Roh Moo-hyun urged the United Nations International Maritime Organization (IMO) to increase security for South Korean oil tankers passing through the Malacca Strait in Southeast Asia.Some of that shipping, naturally, goes to South Korea.
The narrow, 960-km strait, bordered by Malaysia, Singapore, and Indonesia, is one of the world's busiest shipping lanes and a particularly strong magnet for attacks by pirates or terrorists. About 50,000 ships/year use the strait while carrying a third of the world's traded goods and half its oil supplies.
Thursday, June 02, 2005
According to the Oil & Gas Journal