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Increase in piracy gives security business a boost

Despite multi-national efforts, piracy is increasing.

Of all reported piracy attacks worldwide, almost six out of ten happened in the Gulf of Aden and the Indian Ocean.

It is now the second-biggest concern for freight industry after the price of fuel.

But with shipping becoming more risky, it is also an increasingly lucrative business opportunity for many.

Simon Atkinson reports.

  • 05 Jul 2012
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