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Friday, July 08, 2005

Tanker owners protest "war risk" insurance for Malacca Strait

Reported byMaritime Global Net,
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.

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