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Thursday, June 02, 2005

South Korea gets on board Malacca Strait security bandwagon

According to the Oil & Gas Journal
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.

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.
Some of that shipping, naturally, goes to South Korea.

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