Somali piracy offers huge new market for private security
Agence France-Presse | 11/21/2008 10:08 PM
NAIROBI – Protecting ships in Somalia’s pirate-infested waters could be the
next big thing for the world’s ever-growing private security industry but
the legalities are complex, experts said Friday.
Last week’s hijacking of a Saudi super-tanker worth a quarter of a billion
dollars has raised the issue of onboard security for the world’s merchant
fleet, which carries an estimated 90 percent of the planet’s traded goods.
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